Union Station Businesses are Backed by Private Equity
From well-known brands like Ann Taylor and Blue Mercury to popular Senate lunch spots like Chopt and Au Bon Pain, private equity investment can be felt in nearly every corridor of Washington’s iconic Union Station.
In 2020, private equity continued to provide a strong return on investment, with a median annualized return of 12.3% over a 10-year period.
The private equity industry and private equity-backed companies directly employed more than 11.7 million workers in the United States in 2020 and generated $1.4 trillion of gross domestic product (GDP), or approximately 6.5% of total GDP, according to a report by EY and the American Investment Council.
Private equity firms are investing billions in capital into fast-growing clean energy sectors such as solar, carbon capture, and battery storage. Last year alone, private equity invested nearly $24 billion in renewable energy companies – a four-fold increase over 2019.
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