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Financeprivate equity

America’s private equity capital is… (hint: not New York)

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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June 24, 2014, 1:12 PM ET

If you want your company to be acquired by a private equity firm, your best bet is to headquarter in Texas.

The Private Equity and Growth Capital Council today released its annual state-by-state breakdown of private equity activity, covering around $443 billion invested into more than 2,300 companies during 2013 (based on data provided by Pitchbook).

Texas-based companies easily led the pack, securing around $87.4 billion from private equity firms last year. A big part of that is last year’s mega-buyout of Austin-based computer maker Dell, plus the recent boom in energy-focused private equity deals (both E&P and services).

California placed a distant second with $54 billion, while Pennsylvania ($44.4 billion), New York ($31.5 billion) and Florida ($18.9 billion) rounded out the top five.

PEGCC also broke out the data by congressional districts, finding that Rep. John Carter’s 31st District in Texas — an area that includes part of Austin — placed first, while two other Texas districts (7th and 30th) also ranked in the top 10.

Below is a full chart of the Top 20 states:

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By Dan Primack
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