If you can deliver to your investors what theyre looking for, generalist funds are not dead, says Gretchen Perkins of Huron Capital Partners LLC. Buying lower-middle-market companies and pursuing add-on deals is still Hurons strategy, she explains, but the nuances of present-day fund raising have changed. For more coverage of Huron, see the most recent edition of editor-in-chief Mary Kathleen Flynns column, Private Equity Perspective: Prepared Firms Prevail.