According to S&P Global Market Intelligence’s new analysis, private equity dry powder held a record of $2.62 trillion and accumulated at an accelerated pace in the first half of 2024. Key highlights from the analysis include:
- Funds added $49.44 billion to their collective cash reserves in the six months since December 2023, more than 1.7 times the $27.97 billion in dry powder they added during the previous 12-month period.
- The 25 private equity and venture capital firms with the largest stores of dry powder collectively reported $556.19 billion of uncommitted capital, or more than 21% of all private equity dry powder globally, according to Market Intelligence data.
- Topping the list as of July 1 was US-listed alternative asset manager KKR, with $43.86 billion available for private equity investments.
- Data suggests that private equity deal activity is emerging from two years in the doldrums, improving the odds that dry powder will be deployed into deals.
- The $189.05 billion in announced deal value between Jan. 1 and May 31 represented a 9% improvement over the same five-month period in 2023.
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
