Glossary · Regional
Dry powder
Definition
Capital that dedicated secondary funds have raised but not yet deployed — a measure of how much buying capacity is sitting on the sidelines waiting for deals.
Why it matters for a secondary
APAC's dedicated secondary funds are estimated to hold roughly three years of dry powder at the current deal pace (Jefferies) — a useful gauge of how much room the buy side has to keep absorbing deals like the ones in this tracker.
Frequently asked questions
Does "Dry powder" apply the same way everywhere in Asia-Pacific?
No. Each market in this glossary has its own regulator, corporate forms, and rules — this term is specific to Regional. Check the linked market page for the fuller picture.
Is this legal or financial advice?
No. This is orientation for investors and allocators, not legal or financial advice. Confirm current rules with a licensed adviser in the relevant market before acting on anything here.