PEGCC Releases Annual State and Congressional District Rankings for Private Equity Investment
New Analysis Finds Private Equity Invested $486 Billion in U.S. in 2014
Judge: “With investments in more than 3,100 U.S.-based businesses last year, private equity is helping companies…
New Analysis Finds Private Equity Invested $486 Billion in U.S. in 2014
Judge: “With investments in more than 3,100 U.S.-based businesses last year, private equity is helping companies strengthen operations, create jobs, and grow our economy.”
Washington, D.C. – Private equity firms invested more than $486 billion in U.S.-based companies last year, increasing investment by $43 billion over the previous year, according to the Private Equity Growth Capital Council’s (PEGCC) fifth 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 California received the most investment in 2014 followed by Texas, New York, Florida, and Illinois.
See the full report, as well as an interactive map and infographic.
“Year after year, the data reveals the essential role that private equity plays in bolstering a wide variety of industries across our country,” said Steve Judge, President and CEO of the PEGCC. “With investments in more than 3,100 U.S.-based businesses last year, private equity continues to help companies strengthen their operations, create jobs, and grow our economy.”
California and Texas both experienced robust investment activity: PE investment totaled $56.4 billion in 385 companies in California, and $51.9 billion invested in 334 companies in Texas. New York and Florida moved up in the rankings from fourth and fifth places last year, respectively. Other states that moved up in the rankings are Ohio, which jumped from 12th to seventh, and Michigan, which went from 19th in 2013 up to 11th for 2014.
The top five congressional districts by private equity investment were:
- Carolyn Maloney (NY-12) — $18.2 billion
- Danny K. Davis (IL-7) — $8.6 billion
- Kenny E. Marchant (TX-24) — $8.1 billion
- Tom Price (GA-6) — $7.8 billion
- Ander Crenshaw (FL-4) — $6.6 billion
“Private Equity: Top States and Districts” is part of the PEGCC’s ongoing Private Equity at Work campaign to educate policy makers and the public about the private equity industry and its contributions to the American economy. The report is one of two major analyses conducted each year by the PEGCC. The PEGCC also releases a yearly report every fall which ranks pension fund investment in private equity.
About “Private Equity: Top States and Districts”
“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 2014 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.
About Private Equity
The private equity industry in the U.S. comprises nearly 3,847 investment firms, operating U.S.-based businesses in all 50 states. Companies backed by U.S. private equity firms employ 11.3 million people in the U.S. and 19.6 million people worldwide. The private equity industry has invested $4.5 trillion over the past decade. Learn more here.
