Alternative investment firms had $2.1 trillion in dry powder as of June 30, up from $1.8 trillion as of Dec. 31, 2017, according to a Preqin report.
Fifty-eight percent of the dry powder — uncalled, uninvested capital commitments — was for private equity vehicles as of June 30, unchanged from Dec. 31. Fifteen percent was for private debt as of June 18, up a percentage point from Dec. 31; 15% was for real estate as of June 30, down a percentage point from Dec. 31; 9% was for infrastructure and 4% was for natural resources as of June 30, flat from Dec. 31.