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Michael Wolitzer Quoted in Law360 about Private Equity Funds That Have Significant Remaining Investments as They Approach the End of Their Term
06.24.13
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Simpson Thacher private funds partner Michael W. Wolitzer was recently quoted in Law360 in an article entitled "Zombie Fund Glut Bad for LPs, Good for Bargain Shoppers." The article discusses a recent increase of capital commitments in funds that are beyond their intended life spans. Mr. Wolitzer notes “The amount of capital in funds that are past their investment period has grown tremendously. You can see the inventory increasing dramatically.”
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