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Washington, D.C. — Private equity firms invested $347 billion in U.S.-based companies in 2012, and Utah ranked 18th nationwide for private equity and growth capital investment value, according to the third annual “Private Equity: Top States and Districts” analysis. The analysis, which was released today by the Private Equity Growth Capital Council 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.”
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. Utah’s 3rd District tied for sixth, with $5.1 billion in investment.
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.