Buyout Dry Power

by Adam Counihan

  • 21 Jun 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 2009. As of June 2010, the figure stood at $487.0bn.

In terms of estimated dry powder by region, North America-focused buyout funds have the most available, with $268.0bn as of June 2010. This is a small decrease on the $278.0bn available as of December 2009. European-focused buyout funds are sitting on $160.0bn of dry powder as of June 2010, down from its peak in December 2008 when buyout funds focused on this region had an estimated $167.0bn available. Buyout funds focused on Asia and Rest of World have an estimated $60.0bn worth of dry powder to draw from as of June 2010. This figure is constant with the level of dry powder recorded in December 2009 at $60.0bn.

Preqin’s league tables reveal that, of all private equity buyout firms, Texas-based TPG has the most dry powder available, with an estimated $17.9bn on hand. Carlyle Group ranks second with an estimated $17.6bn available. European buyout firm, CVC Capital Partners, has the next largest amount of estimated dry powder available, with $16.6bn.

For further information on private equity fund managers and dry powder levels across fund types and regions, please see our Funds in Market  product.

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