My FUND BLEW UP!

Guys, I had joined a newly formed PE team associated with a regional i-bank that was in process of fund-raising. I left the firm mid last year due to some external issues (family emergency)...recently found out that the main guys who were leading the fund left the firm last year, as a result of which, fund and the team was closed....in my interviewers, I have been explaining that I was working at a great upcoming fund that was being led by successful PE guys, which was true, but now I feel I have misled them...if they ask me during background checks, why can't we reach anyone in your team, they'll find out that my team was closed? wouldn't I look like a schmuck, and would they then discount my prior employer considerably leading them to think that I'm not as smart as I seem? This clearly isn't my fault or failure, but I also don't think volunteering this info is doing me any benefit...

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