If you think about this on a supply & demand basis, the supply of capital has actually increased significantly. The ramification from this is that there's a lot of sitting with the private equity firms. Dry powder is generally the cash that the private equity funds have raised but haven't invested.

It does not look helpful for the private equity companies to charge the LPs their exorbitant costs if the cash is just sitting in the bank. Companies are becoming much more advanced.…

If you consider this on a supply & demand basis, the supply of capital has actually increased considerably. The ramification from this is that there's a lot of sitting with the private equity companies. Dry powder is essentially the cash that the private equity funds https://372978.8b.io/page18.html have raised however haven't invested.

It does not look great for the private equity firms to charge the LPs their…

If you think of this on a supply & demand basis, the supply of capital has increased substantially. The implication from this is that there's a great deal of sitting with the private equity companies. Dry powder is essentially the cash that the private equity funds have actually raised but have not invested yet.

It does not look excellent for the private equity firms to charge the LPs their expensive costs if the cash is just being in the bank. Companies are becoming much more…