Thursday, November 20, 2014
Inquirer Daily News

Pa. is 3rd, N.J. 9th in private-equity investment

Pennsylvania ranked third nationwide, and New Jersey was ninth, for private equity investment in 2013, according to data from the Washington-based Private Equity Growth Capital Council.

Private equity firms invested $44.4 billion in 91 Pennsylvania companies last year, and $12.6 billion in 84 New Jersey companies, according to the council.

Texas received the most investment from private equity (measured in dollars invested) totaling $87.4 billion in 282 companies, and California came in second, the council said.

The "Private Equity: Top States and Districts" analysis found that, nationwide, private equity and growth capital invested $443 billion in more than 2,300 U.S.-based companies. - Inquirer staff

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