Dry Powder


Dry powder refers to capital committed by the Limited Partners of an investment (or venture capital) firm that isn't allocated to any specific opportunities but is in the hands of the firm.

What is dry powder in private equity?

Think of dry powder as unspent cash, ready in the wings to be deployed and invested. 

How much dry powder does private equity have?

The global private equity is sitting on record levels of dry powder, with early 2022 figures estimating $1.8 trillion.

What is dry powder M&A?

In the context of M&A, dry powder is the amount of capital available to financial or strategic buyers for investment in strategic acquisitions, portfolio companies, or add-on acquisitions.

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