Shift Key with Robinson Meyer and Jesse Jenkins cover image

Is This a New Era of ‘Climate Capitalism’?

Shift Key with Robinson Meyer and Jesse Jenkins

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*Dry powder definition *

Dry powder refers to funds raised from limited partners, typically institutions looking to invest in private investments. This money is held in a 'fake bank account' managed by an asset manager, ready to be deployed when opportunities arise. It represents a promise to invest in deals when the asset manager identifies and is prepared to execute on them.

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