As durations extend, the game has changed for investors in private equity buyout strategies, writes Wil Warren, partner and president of Lexington Partners. Source: PE International · Summarized by HeadlinesBriefing Related articlesSpain inflict Wiegman's heaviest England defeat as World Cup play-offs loomFengate Private Equity takes majority stake in Florida clinical research network CRWFBotched final play sees Luka hesitate, LeBron missHealthcare & Life Sciences Private Equity Deal Tracker: Amulet Recaps US FertilityEngland booed off after limp Japan defeatMore from PE InternationalCarlyle’s Schwartz: The greatest risk today is cyberSide Letter: Sustainable retreatIs an elevated hurdle rate a good idea?EQT expects another 12-15 months of fundraising for latest flagshipSide Letter: Self-inflicted illiquidity?Latest in Private MarketsArchimed acquires majority stake in medical imaging cloud provider 3verest · PE HubGaribaldi Blue takes majority stake in Canadian coffee roaster Level Ground · PE HubBlackstone closes fifth energy fund at $8.7bn hard cap · PE InsightsKKR to sell Infinity to Ares for $2.9bn; Thoma Bravo, GTCR and Francisco among PE firms making SaaS take-privates in 2026 · PE HubKKR agrees $2.9bn sale of railcar lessor Infinity Transportation to Ares · PE InsightsRelated briefingsMarkets 24-Hour BriefingMarkets 8-Hour BriefingHomePrivate MarketsPrivate Take: Private equity’s unwritten track recordSectionsHomePublic MarketsPrivate MarketsTech & GamesMobileDeveloperF1Sports