Private equity firms invested more than $443 billion in US-based companies last year, a 27 percent increase over the previous year, according to the Private Equity Growth Capital Council’s fourth annual investment report, “Private Equity: Top States and Districts.” The analysis, which ranks the top 20 states and congressional districts by investment value and number of investments, found that Texas received the most investment in 2013, topping California, Pennsylvania, New York and Florida. Click HERE for a free copy of the report.
“Private equity investment is long-term capital at work,” said Steve Judge, president and CEO of the Private Equity Growth Capital Council. “The companies in states across the country that receive private equity investment are able to expand their businesses, develop new innovations and hire workers and this report highlights the important contributions of private equity in the US economy.”
For the third year in a row, Texas received the most investment from private equity (measured in dollars invested) totaling $87.4 billion in 282 companies. California came in second, followed by Pennsylvania, which moved up in the rankings from sixth place last year. Other states that moved up in the rankings are Virginia, which jumped from sixteenth to seventh, and Maryland, Delaware and Minnesota, which all moved into the top 20 in 2013.
Visit the PEGCC’s Interactive Map to see data, including pension fund investment, for all 50 states and rankings, by clicking HERE.
The top Congressional Districts by private equity investment were as follows:
- John Carter (TX-31) – $24.9 billion
- Mike Doyle (PA-14) – $24.8 billion
- John Culberson (TX-7) – $14.6 billion
- Carolyn Maloney (NY-12) – $13.7 billion
- Henry Waxman (CA-33) – $10.7 billion
The report is part of the PEGCC’s ongoing Private Equity at Work campaign aimed at educating policy makers and the public about the private equity industry and its contributions to the American economy. “Private Equity: Top States and Districts” is one of the two major analyses conducted each year by the PEGCC. The PEGCC also releases a yearly report every fall ranking pension fund investment in private equity.
The Private Equity Growth Capital Council (PEGCC) is an advocacy, communications and research organization and resource center established to develop, analyze and distribute information about the private equity and growth capital investment industry and its contributions to the national and global economy. Established in 2007 and formerly known as the Private Equity Council, the PEGCC is based in Washington, DC. The members of the PEGCC consist of the world’s leading private equity and growth capital firms united by their commitment to growing and strengthening the businesses in which they invest. More information about the PEGCC can be found at www.pegcc.org.
2014 PEPD • Private Equity’s Leading News Magazine • 6-24-14
