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Buyout Dry Powder

by Anna Strumillo

  • 16 Feb 2011
  • 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 6,000 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 year on year, rising from USD 177bn in December 2004 to USD 498bn in December 2009. As of February 2011, the figure stood at USD 434bn.

In terms of estimated dry powder by region, North America-focused buyout funds have the most available, with USD 243bn as of February 2011. This is USD 32bn less than in December 2009. European-focused buyout funds are sitting on USD 135bn of dry powder as of February 2011, down from its peak in December 2008 when buyout funds focused on this region had an estimated USD 167bn available. Buyout funds focused on Asia and Rest of World have an estimated USD 55bn worth of dry powder to draw from as of February 2011. This is a small decrease on the USD 57bn available as of December 2009.

Preqin’s league tables reveal that, of all private equity buyout firms, Blackstone Group has the most dry powder available, with an estimated USD 16.3bn on hand. Carlyle Group ranks second with an estimated USD 16.2bn available. Texas-based TPG, has the next largest amount of estimated dry powder available, with USD 16.1bn.

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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