Private equity crackup looming amid higher interest rates and escalating losses
Major private equity firms including Apollo, Carlyle, and Blackstone are struggling to fundraise as easy money dries up and REITs begin to crumble.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Private equity crackup looming amid higher interest rates and escalating losses

### Response: Major private equity firms including Apollo, Carlyle, and Blackstone are struggling to fundraise as easy money dries up and REITs begin to crumble.