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 Douglas Lowenstein, president of the Private Equity Council.
“The Private Equity Council congratulates Democrats and Republicans, the Bush Administration and the Federal Reserve for joining together to take positive action to promote financial stability.
“Enactment of this bill is an important step toward restoring confidence in the markets and, in time, easing the credit crunch which has derailed the investment and lending required to restore the economic security of all Americans.”
About The Private Equity Council
The Private Equity Council, based in Washington DC, is an advocacy, communications and research organization that develops, analyzes and distributes information about the domestic and international private equity industry. Its members are: Apax Partners; Apollo Global Management LLC; Bain Capital; The Blackstone Group; The Carlyle Group; Hellman & Friedman LLC; Kohlberg Kravis Roberts & Co.; Madison Dearborn Partners; Permira; Providence Equity Partners; Silver Lake; THL Partners and TPG Capital (formerly Texas Pacific Group).
