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Trade, education, public infrastructure, fiscal policy pose biggests challenges for U.S. global competitiveness

WASHINGTON, DC, December 15, 2008 — The incoming Obama Administration and the new Congress should invest in worker training and education, pursue trade liberalization, accelerate public and…

Private equity’s business model sets it apart from institutions at center of financial crisis, PEC study finds

WASHINGTON, DC, October 16, 2008 — Because of their unique business model, the way they raise capital, the type of investments they make and their modest share of the financial system, private…

Private Equity Council issues statement on new GAO report on private equity investment

WASHINGTON,DC, October 8, 2008 — The Private Equity Council issued the following statement on the report released yesterday by the Government Accountability Office on certain aspects of private…

Private Equity Council issues statement on Congressional passage of financial rescue package

WASHINGTON, DC, October 3, 2008 — The Private Equity Council today issued the following statement on Congressional passage of the financial rescue package. The statement should be attributed to…

Private Equity Council comments on Fed Board’s policy statement on equity investments in banks

WASHINGTON, DC, September 23, 2008 — The Private Equity Council today issued the following statement on the Federal Reserve Board’s policy paper on equity investments in banks and bank holding…
Comment Letters

The GAO, Private Equity and Pension Fund Investments

Overview In response to a recent study by the Government Accountability Office of pension fund investments in private equity and hedge funds, several members of Congress raised concerns about private…

“Demystifying the Credit Crunch,” a new white paper and glossary, now available at PEC web site

WASHINGTON, DC, July 30, 2008 — “Demystifying the Credit Crunch,” a 20-page primer and glossary intended to offer public officials, journalists and others a better understanding of the…

Private Equity Council issues statement on SEIU ‘Day of Action’

WASHINGTON, DC, July 17, 2008 – The Private Equity Council issued the following statement on the “Day of Action” being staged today by the Service Employees International Union. The statement should…

Private Equity Council issues statement on new PE research conducted by Prof. Josh Lerner for the World Economic Forum

WASHINGTON, DC, January 25, 2008 – The Private Equity Council today issued the ffollowing statement on new research on private equity conducted for the World Economic Forum by a team of researchers…

Large private equity acquisitons grew U.S. jobs significantly in recent years, new study finds

WASHINGTON, DC, January 17, 2008 — Acquisitions of large companies by some of the leading U.S.-based private equity firms between 2002 and 2005 resulted in significant net gains in U.S….
Comment Letters

Private Equity Council statement on tax legislation approved by House of Representatives

The Private Equity Council issued the following statement on legislation approved today by the House of Representatives that would change the tax treatment of “carried interest” investment income for…
Comment Letters

Private Equity Council issues statement on tax legislation approved by House Committee on Ways and Means

The Private Equity Council issued the following statement on proposals to change the tax treatment of “carried interest” investment income for private equity firms and other partnerships as proposed…
Comment Letters

PEC testimony before the House Ways and Means Committee

Testimony of Bruce Rosenblum Chairman of the Board, The Private Equity Council The Committee on Ways and Means United States House of Representatives Washington, DC Mr. Chairman and members of the…

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…