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Careful you don't wake the zombies

Too much capital chasing deals is forcing secondaries firms to consider dealing with so-called 'zombie funds'. Investors must hope they are not infectious

Careful you don't wake the zombies

The market for second-hand private equity fund stakes may soon become a victim of its own success.

So popular has the investment type become, that a whopping $73 billion of raised but uninvested capital now exists, according to estimates from secondary advisory firm Greenhill Cogent, which includes an expected $25 billion to be raised next year.

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Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout FirmsExternal link

Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout Firms