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Fed rate hike puts record $349 billion in zombie private equity funds at risk

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  • Federal Reserve rate hike deepened private equity’s exit and fundraising difficulties.
  • $349 billion is trapped in funds exceeding their 10-year lifespans.
  • Apollo, Blackstone and KKR shares fell notably this month amid rate-hike expectations.
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Fed rate hike puts record $349 billion in zombie private equity funds at risk - CoinPost Terminal