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In recent years, private land conservation has increased in profile among policymakers and academics. Conservation initiatives on privately owned land help to mitigate global biodiversity loss and introduce new actors to conservation. However, they have also been the subject of numerous critical accounts. This review catalogs issues that emerge in critical literature, identifying 25 themes, classified into three groups: Implementation Effectiveness, Value Conflict, and Economic Inefficiency. Gaps in the literature include the need for broader geographic coverage; assessment of the issues' specificity to private land conservation; and evaluation of the extent to which issues in the literature reflect broader societal values. The literature's strong emphasis on value conflict suggests that greater attention to governance effectiveness may steer private land conservation toward practices that are more just, equitable, and representative and lead to increased societal support. We recommend further research to address identified gaps, with a greater orientation toward inclusive governance.