Private Equity Council
Encyclopedia
The Private Equity Growth Capital Council (PEGCC), formerly the Private Equity Council, is the lobbying, advocacy and research organization for the private equity
industry. The PEC was founded by a consortium of the largest private equity firms globally. Since its inception, the PEC has focused on educating the public about the private equity industry and tax and regulatory legislation.
Based in Washington, DC, the Private Equity Council was founded in February 2007 to provide increased advocacy for an industry which had come under attack as it reached the peak of the mid-2000s buyout boom
. Specifically, private equity firms and their senior executives were targeted by union groups, most notably the Service Employees International Union
(SEIU).
Plans for the new lobbying organization were presented in late 2006 and in December 2006, Douglas Lowenstein
was selected to be the president of PEC.
In September 2010, the Private Equity Council changed its name to the Private Equity Growth Capital Council, with its expansion to thirty member firms.
The Private Equity Council's charter members included 12 of the largest private equity firms, globally:
In September 2010, the Private Equity Council changed its name with the expansion to thirty members. Among the 18 new members were an assortment of middle market private equity firms and growth capital firms. The new membership included Avista Capital Partners
, Brockway Moran & Partners
, Crestview Partners, Genstar Capital
, Global Environment Fund, GTCR
, Kelso & Company
, KPS Capital Partners
, Levine Leichtman Capital Partners, MidOcean Partners
, New Mountain Capital
, Riverside Company
, Sterling Partners, Sun Capital Partners, TA Associates
, Thomas H. Lee Partners
, Vector Capital and Welsh, Carson, Anderson & Stowe
.
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
industry. The PEC was founded by a consortium of the largest private equity firms globally. Since its inception, the PEC has focused on educating the public about the private equity industry and tax and regulatory legislation.
Based in Washington, DC, the Private Equity Council was founded in February 2007 to provide increased advocacy for an industry which had come under attack as it reached the peak of the mid-2000s buyout boom
Private equity in the 21st century
Private equity in the 2000s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.The...
. Specifically, private equity firms and their senior executives were targeted by union groups, most notably the Service Employees International Union
Service Employees International Union
Service Employees International Union is a labor union representing about 1.8 million workers in over 100 occupations in the United States , and Canada...
(SEIU).
Plans for the new lobbying organization were presented in late 2006 and in December 2006, Douglas Lowenstein
Douglas Lowenstein
Douglas Lowenstein is the founder and former President of the Entertainment Software Association . He resigned on February 12, 2007 to head up the newly formed Private Equity Council....
was selected to be the president of PEC.
In September 2010, the Private Equity Council changed its name to the Private Equity Growth Capital Council, with its expansion to thirty member firms.
Member firms
- Apax PartnersApax PartnersApax Partners LLP is a global private equity and venture capital firm, headquartered in London. The company also operates out of eight other offices in New York, Hong Kong, Mumbai, Tel-Aviv, Madrid, Stockholm, Milan and Munich. The firm, including its various predecessors, have raised...
- Apollo Global Management
- Bain CapitalBain CapitalBain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private...
- Blackstone GroupBlackstone GroupThe Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,...
- Carlyle GroupCarlyle GroupThe Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington, D.C. The Carlyle Group operates in four business areas: corporate private equity, real assets, market strategies and fund-of-funds, through its AlpInvest subsidiary...
- Hellman & FriedmanHellman & FriedmanHellman & Friedman is a private equity firm, founded in 1984 by Warren Hellman and Tully Friedman, that makes investments primarily through leveraged buyouts and minority growth capital investments....
- Kohlberg Kravis Roberts
- Madison Dearborn Partners
- PermiraPermiraPermira is a United Kingdom-based private equity firm with global reach. The firm advises funds with a total committed capital of approximately €20 billion....
- Providence Equity PartnersProvidence Equity PartnersProvidence Equity Partners is a global private equity investment firm focused on media, entertainment, communications and information investments...
- Silver Lake PartnersSilver Lake PartnersSilver Lake is a US-based private equity firm focused on leveraged buyout and growth capital investments in technology, technology-enabled and related industries...
- TPG Capital (formerly Texas Pacific GroupTexas Pacific GroupTPG Capital is one of the largest private equity investment firms globally, focused on leveraged buyout, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations. TPG also manages investment funds specializing in growth capital, venture capital,...
)
In September 2010, the Private Equity Council changed its name with the expansion to thirty members. Among the 18 new members were an assortment of middle market private equity firms and growth capital firms. The new membership included Avista Capital Partners
Avista Capital Partners
Avista Capital Partners is a private equity firm focused on growth capital and leveraged buyout investments in middle-market companies in the energy, healthcare and media sectors....
, Brockway Moran & Partners
Brockway Moran & Partners
Brockway Moran & Partners is a private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries.The firm, which is based in Boca Raton, Florida, was founded in 1998...
, Crestview Partners, Genstar Capital
Genstar Capital
Genstar Capital is a private equity firm focusing on leveraged buyout transactions in middle-market companies in the United States. Genstar invests primarily in growth industries including life sciences, healthcare services, industrial technology, software and business services.Based in San...
, Global Environment Fund, GTCR
GTCR
GTCR LLC is a private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. As of 2008, it manages more than $8 billion in equity and mezzanine capital invested in a wide range of companies and industries....
, Kelso & Company
Kelso & Company
Kelso & Company is a private equity investment firm focusing on leveraged buyouts, recapitalizations and growth capital transactions. Kelso invests in a variety of sectors, including communication, manufacturing and restaurants....
, KPS Capital Partners
KPS Capital Partners
KPS Capital Partners is a private equity firm focused on control investments in middle-market companies through special situations transactions such as turnarounds, restructurings, bankruptcies, and corporate divestitures...
, Levine Leichtman Capital Partners, MidOcean Partners
MidOcean Partners
MidOcean Partners is a private equity firm specializing in leveraged buyouts, recapitalizations and growth capital investments in middle-market companies...
, New Mountain Capital
New Mountain Capital
New Mountain Capital is a firm dealing in private equity and growth capital investments across acyclical growth industries. The firm emphasizes growth and business building, rather than high risk or debt leverage, in its investments...
, Riverside Company
Riverside Company
The Riverside Company is a global private equity firm focused on acquiring leading small and medium-sized enterprises and partnering with strong management teams to enhance the success of its companies through acquisitions and organic growth...
, Sterling Partners, Sun Capital Partners, TA Associates
TA Associates
TA Associates, founded in 1968, is one of the oldest private equity firms in the United States. The firm employs a hybrid strategy making growth capital investments in developing companies and acquiring mature companies through leveraged buyout and recapitalization transactions...
, Thomas H. Lee Partners
Thomas H. Lee Partners
Thomas H. Lee Partners is a private equity firm based in Boston, Massachusetts specializing in leveraged buyouts, growth capital, special situations, industry consolidations, and recapitalizations....
, Vector Capital and Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe is a private equity investment firm in the United States. Founded in 1979, it has organized 14 limited partnerships with total capital over $16 billion and is currently in the process of raising a new $4 billion private equity fund Welsh, Carson Anderson & Stowe XI...
.
External links
- Private Equity Growth Capital Council (organization website)