Venture Dry Powder

by Kamarl Simpson

  • 06 Apr 2011
  • PE

Using Preqin’s Fund Manager Profiles data, we can see that the volume of estimated dry powder available to venture firms has been quite steady over the last three years, with USD 154bn available in December 2009, USD 152bn available in December 2010 and USD 155bn in April 2011.

In terms of estimated dry powder by region, North America-focused venture funds currently have the most capital at their disposal, with USD 77bn, as of April 2011. This is USD 12bn less than in December 2007, when the figure was at its peak. Asia and Rest of World-focused venture funds are sitting on USD 51bn of dry powder as of April 2011, which is the highest recorded figure for this region. Venture funds focused on Europe have an estimated USD 27bn in dry powder, as of April 2011. This is a small decrease on the USD 28bn that has been consistently available for the past three years.

Preqin’s league tables reveal that, of all private equity venture firms, New Enterprise Associates has the most dry powder available, with an estimated USD 2.2bn. DFJ Tamir Fishman Ventures ranks second with just over USD 2bn available in estimated dry powder. Technology Crossover Ventures has the next largest amount of estimated dry powder available with just under USD 2bn.

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