May 16, 2012
What impact does private equity have on the U.S. economy? A report released today by the Private Equity Growth Capital Council examining the geographic dispersion of private equity investment shows that private equity firms invested more than $144 billion in 1,702 U.S.-based companies in 2011.
Private equity is about investing in companies and making them stronger. This new data shows its impact can be felt across the country. The top five states in terms of investment value were Texas, New York, California, North Carolina and Oklahoma. Additional states that made the top 20 include Florida, Colorado, Ohio, Virginia, and Nevada. According to this year’s analysis, private equity firms invested $14 billion in 47 companies is New York’s 14th Congressional District, represented by Democrat Carolyn Maloney, more than any other U.S. congressional district. Congressional districts represented by Reps. John Sullivan (R-OK), Charles Gonzalez (D-TX), Patrick McHenry (R-NC) and Nancy Pelosi (D-CA) rounded out the top five.
Over the next several months, the presidential election will amplify the conversation about private equity, but one thing is clear, private equity drives economic activity and growth across the U.S. economy. These numbers are an unambiguous reminder that, at its core, private equity is about investing in and strengthening American companies.
For an easy to read infographic outlining how private equity impacts your state by visiting our Get the Facts page.
You can see the breakdown of investment by district by visiting PEGCC’s research page, here.
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