PEGCC Releases New State and Congressional District Rankings for Private Equity Investment; Analysis Finds PE Invested $443 Billion in U.S. in 2013

Judge: “The data shows that private equity investment cannot be underestimated as a positive economic force in the U.S. that grows businesses and creates jobs.” 

June 24, 2014, Washington, D.C. – Private equity firms invested more than $443 billion in U.S.-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.

Visit the PEGCC’s Interactive Map to see data, including pension fund investment, for all 50 states and rankings.

“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 U.S. 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.

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.