Great investigation by @forbes.com @hanktucker1.bsky.social on the growing number of "zombie" private equity firms--who have stopped raising new funds and aren't out selling assets: www.forbes.com/sites/hanktu... #privateequity
Why Private Equity Is Suddenly Awash With Zombie Firms
Hundreds of private equity firms are drowning in a sea of competition, searching for lifeboats of new capital as they cling to portfolios of nearly unsaleable investments.
forbes.com