Private Equity Has More Than It Can Spend Money p
Post# of 63699
Posted On: 06/24/2014 2:34:10 PM
Private Equity Has More Than It Can Spend
Money pours in from investors, but investment plums are few
How does it feel to have a trillion dollars burning a hole in your pocket?
Ask the private-equity industry. It has been so successful in raising money from investors recently that it can't spend it fast enough.
The amount of money raised by private-equity firms but not yet invested—known as dry powder—hit a record high of $1.073 trillion globally at the end of 2013, according to data provider Preqin, an increase of $130 billion from 2012. The total has continued to grow this year, reaching $1.141 trillion globally as of the start of June. .........
Money pours in from investors, but investment plums are few
How does it feel to have a trillion dollars burning a hole in your pocket?
Ask the private-equity industry. It has been so successful in raising money from investors recently that it can't spend it fast enough.
The amount of money raised by private-equity firms but not yet invested—known as dry powder—hit a record high of $1.073 trillion globally at the end of 2013, according to data provider Preqin, an increase of $130 billion from 2012. The total has continued to grow this year, reaching $1.141 trillion globally as of the start of June. .........
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