Private equity managers holding cash and returning capital

October 25, 2016

October 25, 2016

Cash reserves held by private equity managers, or dry powder, reached a 10-year high at the end of the third quarter, according to data provided by Preqin. As of Sept. 30, managers sat on about $840 billion of undeployed capital.

Venture capital funds saw the largest increase, 20%, since the end of 2015, followed by buyout funds. Buyout funds, the largest segment of the market, held $527.5 billion in cash reserves at the end of the third quarter, an increase of 13.7% since 2015.   Read more

Source: Pensions & Investments