GRAND RAPIDS – Private equity investors have more capital to deploy today than they have in years. Statistics from Seattle, Wash.-based Pitchbook show fundraising activity for private equity funds in North America and Europe reached its highest level in a decade, at $212.6 billion through Aug. 1.

Meanwhile, a report from the American Investment Council, a Washington, D.C.-based trade group for private equity firms, indicates that “dry powder” held by funds globally hit $572 billion in the second quarter, up 6 percent from a year earlier. That level of funding “could signal significant activity for the second half of the year,” according to the report.

For companies in West Michigan and beyond that are considering a sale, the amount of dry powder could translate into more competition from prospective buyers when they come to market.

To read the rest of Mark Sanchez’s story, click on https://mibiz.com/item/25073-with-ample-dry-powder,-pe-firms-poised-for-%E2%80%98significant-activity%E2%80%99-through-year%E2%80%99s-end?utm_source=newsletter_7197&utm_medium=email&utm_campaign=monday-morning-mibiz-gr-groups-explore-mobility-options-coffee-roaster-under-new-ownership