Preqin data indicate that the estimated amount of mezzanine dry powder available globally was increasing steadily between December 2003 and December 2007, with the amount available to mezzanine focused private equity firms increasing from $18.7 billion to $38.1 billion in the period. From December 2007 to December 2008, the amount of estimated available capital decreased by $1.3 billion to $36.8 billion. As of December 2009, mezzanine capital firms sit on an estimated $41.6 billion in available capital.
Preqin’s data shows that US-based firm Goldman Sachs Private Equity Group has the most dry powder available to mezzanine fund managers, with an estimated $8.4 billion currently available to the firm. With an estimated $3.2 billion in dry powder, TCW Group is second, followed by Babson Capital Management and UK-based Intermediate Capital Group, with $1.7 billion and $1.6 billion respectively.
For more information on current and historical dry powder levels across fund types please see how Preqin's Fund Manager Profiles can assist you.