Private Equity Dry-Powder At A Record High Of $1.07 Trillion

Data from Preqin shows that private equity is sitting on the largest amount of dry-powder ever raised over a year-long period in history. The dry-powder, meaning money that is pledged but not invested, has ballooned to $1.074 trillion, overtaking the previous record of $1.067 trillion that was accumulated until the end of 2008. The dry powder near the close of 2013 is up 14%  compared to 2012. Read about Paul Singer’s hedge fund raising new capital. Stagnant deal volume in private equity Preqin also points out that despite the excessive amount of fundraising, deal volume in private equity industry has…