A recently released American Investment Council (AIC) assessment of private equity investment has demonstrated diversity among varied community participants.
Officials said the 2018 Top States & Districts Report revealed Texas earned the top spot with $67 billion invested in 2017, followed closely by California ($66 billion) and New York ($52 billion).
Congressional districts New York 12, Massachusetts 5, and New York 10 ranked highest in the top district rankings.
Business to business companies accounted for nearly a quarter of all private equity deals last year, officials said, while business to consumer, information technology, and energy companies made up about half of all deals combined.
The report notes there are more than 4,700 U.S. private equity firms making investments in all 50 states on behalf of institutional investors like public pension funds, endowments, and nonprofits.
“Our new Top States & Districts Report illustrates how the private equity industry is investing trillions of dollars in congressional districts all across the country,” Jason Mulvihill, AIC interim CEO and general counsel, said. “These investments in thousands of American companies have helped build better businesses, create jobs, and improve local communities.”
Between 2012 to 2017, it is estimated private equity invested $3 trillion in growing American businesses, as the companies spanned from coast to coast and every state in between. There are currently about 32,000 American companies benefiting from private equity, according to officials.