Private Equity Investment Tops $347 Billion in U.S.

Private equity firms invested $347 billion in more than 2,000 U.S.-based companies last year, according to the third annual “Private Equity: Top States and Districts” analysis released today by the Private Equity Growth Capital Council (PEGCC). The analysis ranks the top 20 states and congressional districts by investment value and the number of investments.  “Private Equity: Top States and Districts” is presented in an interactive map that provides the industry’s most up-to-date information on a state-by-state basis.

“Private equity invested more than $347 billion in U.S.-based companies last year,” said Steve Judge, president and CEO of the Private Equity Growth Capital Council. “This is long-term capital working to strengthen companies located in all 50 states.  This report highlights the magnitude of private equity investment nationwide.  Private equity fortifies and expands businesses, develops new products and innovations and creates jobs for Americans.  This activity has a profoundly positive impact for economic growth.”

Texas received the most investment from private equity (measured in dollars invested) totaling $46.6 billion in 222 companies, followed by California, Colorado, Illinois and Florida. Colorado’s 6th Congressional District, represented by Rep. Mike Coffman, received $17.2 billion and ranks as the top district for private equity investment.  Congressional districts represented by Sheila Jackson Lee (TX-18), Danny K. Davis (IL-7), Rodney Frelinghuysen (NJ-11) and Kenny Marchant (TX-24) rounded out the top five.

The analysis was released as part of the PEGCC’s 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 an interactive initiative that aims to collect, display and share up-to-date information about private equity investment across the U.S. The PEGCC’s analysis of private equity investment in 2012 is based on data provided by PitchBook, a widely recognized industry data aggregator. The PEGCC published its first “Private Equity: Top States and Districts” analysis in 2010.