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Private Equity's Dry Powder Approaches $100B

NEW YORK CITY-Blackstone and a handful of other large players get the lion's share of investor capital, but fundraising on the whole is up substantially over last year, Preqin says.

By Paul Bubny | Updated on September 24, 2013

NEW YORK CITY-Although dominated by 800-lb. gorillas such as the Blackstone Group, private equity’s participation in commercial real estate doesn’t end with them. As of August, US-focused private real estate fund managers have an aggregate $98 billion in equity available for investments in new opportunities, compared to $79 billion this past December.

So says Preqin in a new report, which also shows that the funds spent almost as much in 2012 ($67 billion in equity) as they did at the market’s peak in 2007 ($68 billion that year). Further, private equity’s CRE assets under management reached an all-time high of $335 billion as of this past December.

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