Ian Charles, co-founder and managing partner of Arctos Partners, said that the number of private equity firms turning into so-called “zombie funds” this year will be a record because it is difficult for them to attract new investor capital. “The funding environment is very challenging,” Charles said in an interview on Thursday, adding that the number of newly established private equity firms will decrease this year. “Today, it's hard for these companies to maintain their growth trajectory.”

Ian Charles, co-founder and managing partner of Arctos Partners, said that the number of private equity firms turning into so-called “zombie funds” this year will be a record because it is difficult for them to attract new investor capital. “The funding environment is very challenging,” Charles said in an interview on Thursday, adding that the number of newly established private equity firms will decrease this year. “Today, it's hard for these companies to maintain their growth trajectory.”