PEINVEST
The amount of committed but undeployed capital available to private equity funds for future investments. High levels of dry powder across the industry can signal increased competition for deals and potential upward pressure on entry valuations.
A notice issued by a fund's general partner to limited partners requiring them to contribute a portion of their committed capital. Capital calls are typically made when the fund identifies an investment opportunity or needs to cover management fees and expenses.
The time window during which a PE fund's general partner can make new investments, typically the first 3-5 years of the fund's life. After the commitment period expires, the GP can only make follow-on investments in existing portfolio companies.