Private-equity zombie funds hit record high

Private-equity funds that are very old and not making new investments are called zombie funds.

These funds have a lot of money stuck in them, and the amount has reached a record high of $348.5 billion by the end of 2025.

This is a big increase from 2015 and 2005.

Some investors are worried because these funds aren't performing well and it's hard to get their money out.

But some experts think these funds will eventually find buyers and recover their value.