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Private Equity Buyout Dry Powder – October 2012

by Stuart Hunter

  • 04 Oct 2012
  • PE

The volume of estimated global private equity buyout dry powder increased significantly between 2004 and 2008 according to Preqin’s Fund Manager Profiles data, with $177.3m available to buyout fund managers in December 2004 and $488.4m available at the end of 2008. Since the end of 2008, estimated dry powder for buyout fund managers has undergone a gradual downward trend, with $485.9m available in December 2009 and $359.3m as of October 2012.

In terms of estimated dry powder by region, US-focused private equity buyout funds have the most available dry powder, with $189.3m as of October 2012. This is a decrease of 11.8% from the $214.7mn available in December 2011. Europe-focused private equity buyout funds are sitting on $117.2m of committed capital available for investment as of October 2012, down from a peak in December 2008 when this region’s  private equity buyout funds experienced an estimated $167m available dry powder.  Asia and Rest of World-focused  private equity buyout funds have an estimated $52.8m in dry powder to draw from as of October 2012, a small decrease of 3.5% from its peak of $54.7m in dry powder available to the region as of December 2011.

Blackstone Group has the most amount of dry powder currently available, with an estimated $13.43bn. Kohlberg Kravis Roberts ranks second, with an estimated $11.94bn in committed capital available for investment. Advent International has the next largest amount of dry powder available, with $11.93bn on hand.

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