Private Equity Invests in every Congressional Black Caucus Members’ District

Rep. Meeks (D-NY): “[Private equity] means development. It means progress. It means opportunities.”

The American Investment Council (AIC) and the National Association of Investment Companies (NAIC) recently hosted a welcome reception to kick-off the Congressional Black Caucus (CBC) Foundation’s 51st Annual Legislative Conference. The reception featured a fireside chat with Drew Maloney, AIC President & CEO, Bob Greene, NAIC President and CEO, and Representative Gregory Meeks (D-NY). During their conversation, they discussed how private equity invests in every CBC member’s local community and supports popular brands.

Click here for a one pager on how private equity specifically supports jobs in CBC members’ districts.

“[Private equity] means development. It means progress. It means opportunities. And it means creating jobs.”

Representative Gregory Meeks (D-NY)

“Private equity is in Congressional Black Caucus members’ districts. Last year alone, we invested more than $140 billion dollars and supported more than 1.4 million jobs in CBC members’ districts. One of the other things we like to do is showcase our products because most people don’t understand what private equity supports and invests in.”

Drew Maloney, American Investment Council President & CEO

“I want to thank members of the Congressional Black Caucus for bringing AIC and NAIC together … Now the relationship is [so much deeper].”

Bob Greene, National Association of Investment Companies President & CEO

Private Equity Fuels Popular Brands

The reception also showcased popular and beloved products from 16 private equity-backed brands, including:

  • Beautycounter – Carlyle
  • Briogeo/Wella – KKR
  • Deathwish Coffee – TA Associates
  • Goody – ACON Investments
  • OLAPLEX – Advent International
  • OPI Nail Polish/ Wella – KKR
  • Raw Sugar – WM Partners
  • Reko Pizzelle Cookies – The Riverside Company
  • SpaceX – Valor Equity Partners
  • Stonewall Kitchen – TA Associates
  • Supergoop! – Blackstone
  • Victor Super Premium Pet Foods – TA Associates
  • Wetbrush – ACON Investments
  • YumEarth – The Riverside Company