Dry Powder

Dry powder refers to the amount of capital or cash reserves that a private equity or venture capital firm has available to invest. It represents committed capital from limited partners that has not yet been deployed into new acquisitions or investments. Firms aim to maintain adequate dry powder, typically $1 billion or more, to capitalize on investment opportunities as they arise. Having dry powder is crucial so firms can act quickly when promising deals become available. Too much dry powder can indicate a firm is having difficulty finding attractive investments whereas too little limits a firm's ability to pursue deals. Firms strive for the ideal amount of dry powder to deploy capital efficiently while remaining sufficiently liquid.

Blog

Other news you might be also interested in

Weltix: Reimagining Private Assets From Analog Ownership to Digital Infrastructure

Private markets are entering a new era where trust, compliance, and technology converge. While public markets enjoy automation and transparency, private assets still depend on paper-based, fragmented systems. Antonio Chiarello, CEO of Weltix, argues that the next leap forward is not just digitization, but the creation of digital infrastructures that redefine ownership. In this conversation, he discusses why friction is structural rather than technological, how regulation enables innovation, and how programmable liquidity and transparency can channel more private capital into real economic growth.

Why Family Offices Must Rethink Private Asset Investing: A Conversation with Ivan Nikkhoo

Family offices are playing an increasingly active role in private markets, yet many still struggle with strategy, manager selection, investment discipline, and portfolio construction. In this interview, Ivan Nikkhoo, Managing Partner at N3 Capital and Navigate Ventures, shares his perspective on how family offices should approach private assets, why direct investing often leads to poor outcomes, and where opportunities lie in today’s market.

“Investing Beyond the Usual Hubs: Inside Bicycle Capital’s Growth Equity Strategy”

Shu Nyatta, Partner at Bicycle Capital and board member of Endeavor—the world’s leading community of high-impact entrepreneurs—runs a $500M growth equity fund focused on Latin America, with a vision that extends far beyond the region. In this conversation, he outlines the fund’s unique positioning and explains why “elsewhere”—a concept originally developed and promoted by Endeavor—has become a powerful investment thesis that he strongly embraces. He shares why he is drawn to investing in markets outside traditional ecosystems, particularly Latin America, and explores how the region, along with Europe and other undercapitalized markets, can build world-class companies by connecting with global innovation hubs such as Silicon Valley and China.