Private Equity 8 Hours

Last updated: June 22, 2026, 11:30 AM ET

Private Equity Dealmaking & Strategy

The private equity industry is grappling with a persistent challenge of "zombie funds," or tail-end vehicles holding onto assets, with limited partners expressing concern over rising numbers amid liquidity pressures and difficulties in GP differentiation. This issue is prompting scrutiny on GP selection, with Virginia's $134bn state pension system among those raising red flags. The market is also seeing significant consolidation, as Flexstone Partners plans to acquire Glouston Capital