Private Equity 3 Hours

Last updated: June 9, 2026, 2:30 PM ET

Fundraising & New Capital

Pictet Alternative Advisors closed its sixth co‑investment fund with $1.53bn of commitments, surpassing the $1bn target and setting a record for the series. The inflow arrives as the private‑equity market grapples with a growing inventory of “zombie” funds; assets held beyond seven years now total more than $1trn, a level reached five years early according to TREO data highlighted the trend. The juxtaposition of fresh capital and prolonged holding periods underscores investors’ appetite for exposure despite mounting pressure on older vehicles.

Portfolio Management & Talent Moves

Partners Group is weighing a $231m equity injection into Emeria to reduce the portfolio company’s debt burden, which has outpaced earnings, according to Bloomberg sources reported the plan. In a parallel staffing development, Ridgepost announced that Brian McKenna will assume the role of vice‑president of investor relations effective June 15, 2026 noted the appointment. The combination of new financing and leadership adjustments reflects a broader effort by firms to stabilize existing holdings while positioning for future fundraising cycles.