P.E. Dry Powder At All-Time High

Jun 16 2014 | 8:34am ET

Private-equity firms are sitting on a record amount of cash, with more than $1 trillion in dry-powder awaiting the right opportunities.

Uninvested assets now account for nearly one-third of the total assets under management at private-equity firms, $1.141 trillion of $3.5 trillion, according to Preqin. The amount of dry powder last year rose $130 billion from its level in 2012, shattering the previous record, set in 2009 at $1.061 trillion.

Despite that huge cash horde, p.e. firms continue to raise money—and clients continue to invest, with $431 billion in new commitments last year. Nine in 10 investors surveyed by Preqin say they plan to invest even more this year.


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