|Today, the American Investment Council (AIC) released its 2020 Q1 Industry Investment Report showing that private equity invested $64 billion(1) in more than 1,000 American businesses across every major sector of the economy. Throughout the COVID 19 pandemic, private equity has continued to support and invest in American businesses. The top three sectors receiving the most private equity investment in 2020 Q1 were Information Technology ($26 billion), Business Products and Services ($19 billion) and Energy ($8 billion).
“A portion of the $64 billion private equity invested in the first quarter of this year went to businesses dealing with the unprecedented effects of COVID-19 and the resulting economic crisis it caused,” said AIC President and CEO Drew Maloney. “By supporting more than 1,000 businesses with critical capital and industry expertise, private equity is standing by its portfolio companies during this pandemic. This is another important data point to illustrate how private equity supports its investments and millions of workers employed by our industry across America.”
The following graphic displays private equity’s investment per sector in Q1 2020: