News
Taxes on private equity partners are equitable, fair, Private Equity Council chairman tells Congress
WASHINGTON, DC, September 6, 2007 — The investment profits of private equity firms are fairly taxed as long-term capital gains because private equity partners act as owners, not employees;…
Private equity strengthens American companies with capabilities, clarity, culture and capital
WASHINGTON, DC, September 5, 2007 — Three iconic American companies — quick-service legend Burger King, financial software innovator SunGard and automotive parts pioneer AutoZone —…
Comment Letters
PEC testimony before the Senate Finance Committee
Testimony of Bruce Rosenblum
Chairman of the Board, The Private Equity Council
Before the Senate Finance Committee
Washington, DC
July 31, 2007
Mr. Chairman and members of the Committee, I am…
Raising taxes on private equity investments could hurt U.S. companies and competitiveness, PEC tells Congress
WASHINGTON, DC, July 31, 2007 — Raising taxes on the private equity investment industry by 130 percent could reduce investments in companies, lower returns for pension funds and other investors…
New Private Equity Council white paper details PE’s role in driving economic growth and investment
WASHINGTON, DC, July 11, 2007 — Private equity is an integral part of the American economy that significantly strengthens companies and contributes hundreds of billions of dollars in profits to…
Comment Letters
Private Equity and Carried Interest – House
Raising Taxes on Private Equity:
Anti-Growth, Anti-Competitive, Anti-Capital
Legislation approved November 9, 2007 by the House of Representatives would impose a 130% tax increase on private equity…
Comment Letters
Private Equity and Publicly-Traded Partnerships – S 1624
In A Nutshell – The Case Against S. 1624
S. 1624 is discriminatory. It would prevent private equity firms from becoming publicly traded partnerships (PTPs) while allowing more than 100 other PTPs,…
Private Equity Council will oppose legislation that discourages U.S. PE firms from going public
WASHINGTON, DC, June 21, 2007 —
The Private Equity Council today announced its opposition to legislation introduced last week by Sens. Max Baucus (D-Montana) and Charles Grassley (R-Iowa) that…
Private equity builds strong companies, contributes billions to American economy
WASHINGTON, DC, May 16, 2007 –
The private equity industry makes substantial contributions to the American economy by building strong, financially secure companies and delivering superior investment…
Comment Letters
PEC testimony before House Financial Services Committee
Testimony of Douglas Lowenstein – President, the Private Equity Council
Before the House Financial Services Committee, Washington, D.C.
May 16, 2007
Mr. Chairman and members of the committee: Good…
Carried Interest
Private Equity and the Treatment of Carried Interest: An Overview
Carried Interest: What It Is
A critical component of the American economic system is the principle that those who create value by their work should be rewarded. Carried interest is just another name…
PEC Statement: SEIU’s “Behind the Buyouts”
Statement By Douglas Lowenstein, President Private Equity Council on SEIU’s “Behind the Buyouts” Study
Washington, DC – April 24, 2007 –
The following statement should be attributed to Douglas…
Private Equity Council is formed to provide research and information
Douglas Lowenstein to serve as president
Washington, DC – December 26, 2006
Leading private equity firms today announced the formation of the Private Equity Council (PEC), a Washington, DC-based…