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Buyout Dry Powder

by Kerry Pogue

  • 11 Mar 2010
  • PE

Fund Manager Profiles is the most extensive, detailed source of information on private equity fund managers in the world. Preqin’s comprehensive product not only contains detailed profiles of over 5,000 private equity firms around the world, but also current and historic private equity dry powder levels across the globe by region and fund type. Using the data, we can see that the volume of estimated dry powder available to buyout firms has increased each year, rising from $178.0bn in December 2004 to $501.0bn in December 2008. As of March 2010, the figure stood at $502.6bn.

In terms of estimated dry powder by region, North America-focused buyout funds have the most available, with $277.8bn as of March 2010. This is an increase on the $276.0bn available as of December 2008. European-focused buyout funds are sitting on $165.5bn of dry powder as of March 2010, down from its peak in December 2008 when buyout funds focused on this region had an estimated $170.0bn available. Buyout funds focused on Asia and Rest of World have an estimated $59.3 worth of dry powder to draw from as of March 2010. This figure is an increase from the $55.0bn recorded in December 2008.

Preqin’s league tables reveal that, of all private equity buyout firms, Texas-based TPG has the most dry powder available, with an estimated $20.8bn on hand. Carlyle Group ranks second with an estimated $17.8bn available. European buyout firm, CVC Capital Partners, has the next largest amount of estimated dry powder available, with $16.9bn.

For further information on private equity fund managers and dry powder levels across fund types and regions, please see our Fund Manager Profiles product.

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