Private Equity Sitting On Powder Keg But Not For Long

Law360, New York (November 14, 2011, 8:39 PM EST) -- With recent research indicating that $937 billion in private equity cash is sitting on the sidelines worldwide, huge mergers involving private equity are on the horizon as general partners face more and more pressure to invest their so-called dry powder, attorneys say.

The research, published by London-based alternative assets research firm Preqin last month, says billions of dollars' worth of unspent capital, including $91 billion raised during 2008 alone, must be spent soon, returned to investors or extended.

“Dry powder is at relatively unprecedented levels. Some...
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