Host OS: Gentoo x86_64

I was using vzctl from git for a long while but recently started having
this error whenever creating a VE:

/usr/share/vzpkg/functions: line 233: /etc/sysconfig/vz: No such file or directory
Warning: Variable TEMPLATE not found in /etc/sysconfig/vz; using default (/vz/template).
Unable to get full ostemplate name for ubuntu-8.04-i386-minimal
Creating VE private area (ubuntu-8.04-i386-minimal)

I checked and sure enough, there's no /etc/sysconfig/vz directory.

I tried uninstalling and reinstalling, uninstalling and installing from
portage... nothing seems to fix it.

Any suggestions?

Regards,
Cliff