Marks: PE amassed $2.5T in dry powder and most remains uninvested
“The money gushed into private equity, and they got up to two and a half trillion or so of what we call dry powder, money waiting to get invested, and I think most of that is still dry, if I'm not mistaken.”
David Sacks: Craft Ventures is deploying capital slowly despite heavy dry powder
“We do have a lot of dry powder and we're going really slow. I mean, there's no feeling that we have to rush out and deploy this capital.”
Sacks: The idea of massive venture dry powder waiting to be deployed is a myth
“This idea that there's tons of dry powder sitting out there, I think is a myth.”
Douvos: Mega-funds must deploy dry powder to unlock raising next funds
“Like they have whole business models that are predicated on raising, you know, kind of spinning that black circle over and over and over. Other people's money, OPM, it's a hell of a drug. And so I think they've got to deploy that capital because it's a gating …”
Loverro: Venture firms shifting back to three-year deployment cycles
“They, they're now saying, okay, I have to hit the brakes and I'm going to go back to that three year deployment cycle. And so that's dividing the dry powder out there by a third.”
Venture dry powder will support top startups even in a 40% downturn
“In the venture world, we've got an incredible overhang of capital. And a lot of new entrants who are here for good, and even if tomorrow the market went down 40%, you still have an incredible amount of dry powder ready to support the best companies.”
Liow: Holding cash is a mathematical drag on 20% compounders
“Always love to hold a little bit of dry powder. It's very expensive when you're compounding at 20 plus percent. And history will tell you the math is severely against you.”
Kochard: Private equity multiples are rising due to excessive dry powder
“Right now multiples have been increasing across really every private, just about every private strategy. And they're increasing because there's so much dry powder out there and people are just, you know, putting it to work and paying more and more and more.”