According to a report by Preqin, the total level of dry powder available to Private Equity worldwide is currently $1.02 trillion. Funds in Europe hold $165 billion of this total. This global figure comes after PE firms raised $554 billion in 2008, $346.1 billion coming in the first half, followed by a slowdown in the fundraising pace to $207.7 billion in the second half. At the moment there are 1,684 funds targeting an aggregate $888 billion in commitments worldwide, however look for many of these firms to delay or reduce their closings. 2009 won’t come close to the over half a trillion raised last year.
Private Equity Sitting on $1 trillion War Chest