Study: PE invested $144bn in US in 2011

The private equity industry invested $144bn across 1,702 transactions in the US in 2011, according to a recent Private Equity Growth Capital Council Report.

The US had the private equity industry’s full attention last year. 

The industry invested $274 billion globally in 2011, $144 billion of which went into 1,702 US deals, according to a recent report from industry group the Private Equity Growth Capital Council. 

Using data provided by Thomson Reuters and Pitchbook, the PEGCC determined that US investments totaled around 52.6 percent of private equity’s total deal value, the largest share of any country. The UK was a distant second with $16.6 billion in deals on the year. France followed closely with $15.8 billion. 

Within the US, Texas was the largest beneficiary of private equity, receiving $20.5 billion across 206 transactions. New York and California also fared well; companies located in those states were injected with $18.6 billion and $15.7 billion respectively. 

In addition to calculating private equity investments by state, the PEGCC also ranked the industry’s favorite congressional districts based on both total number of transactions and total deal value. New York’s 14th congressional district, which includes the east side of Manhattan and parts of Queens, earned the top spot in both categories, claiming $13.7 billion in deal value across 47 transactions. 

Oklahoma’s first congressional district fell in second place behind New York’s 14th in deal value, with $7.6 billion across 9 transactions. While Tulsa is not known as a hub of private equity activity, it is where oil and gas company Samson – the subject of a $7.2 deal organised by KKR – is based. 

Globally, North American deals attracted 55 percent of all investment capital. European deals tallied 29 percent of the overall investment total, while Asia notched 9 percent and Central and South America totaled 3 percent, according to the report. 

The PEGCC is headquartered in Washington, DC. The group lobbies on behalf of the industry in addition to leading outreach efforts to educate policymakers, the media and the public about private equity’s role in the economy. 

PEGCC members include The Blackstone Group, Apollo Global Management, The Carlyle Group and Kohlberg Kravis Roberts