Private Equity Dry Powder Reaches Record $1.6 Trillion

The size of the average private equity fund hit $671 million in the second quarter of 2014, reflecting the fact that more capital is being invested in fewer managers, notes Preqin in a recent report. Preqin, in its Q2 2014 report on Private Equity, highlights that the increased average fund size evidences a continuation of trend witnessed in the private equity fundraising market last year. Private equity buyout raised most capital According to the Preqin report, private equity funds closed in 2Q 2014 secured an aggregate $132 billion, which is $28 billion more than was accumulated in the first quarter….