Top 20 States for Private Equity Investment

A study by a private equity group ranks states by investment value and number of investments

A study by PEGCC found a 27% increase in private equity investment over 2012. A study by PEGCC found a 27% increase in private equity investment over 2012.

Private equity firms poured some $443 billion into American companies last year, according to a new survey.

This was a 27% increase over 2012, the Private Equity Growth Capital Council reported in its fourth annual investment study.

The analysis ranks the top 20 states and congressional districts by investment value and number of investments.

“The companies in states across the country that receive private equity investment are able to expand their businesses, develop new innovations and hire workers,” Steve Judge, president and chief executive of the PEGCC, said in a statement.

“The data shows that private equity investment cannot be underestimated as a positive economic force in the U.S. that grows businesses and creates jobs.” 

Earlier this year, the PEGCC reported that although overall private equity had fallen in the first quarter from the previous one, the sector’s activity was still “a bright spot for the U.S. economy.”

Here are the PEGCC’s top 20 states by private capital invested in 2013.

Downtown Ann Arbor, Michigan. (Photo: AP)

20. Wisconsin

Capital invested: $5.9 billion

Number of companies: 37

19. Michigan

Capital invested: $6.7 billion

Number of companies: 50

University of Minnesota marching band. (Photo: AP) 

18. (tie) Delaware

Capital invested: $6.9 billion

Number of companies: 7

18. (tie) Minnesota

Capital invested: $6.9 billion

Number of companies: 51

Nashville, Tenn. (Photo: AP) 

16. Tennessee

Capital invested: $7.7 billion

Number of companies: 53

15. Oklahoma

Capital invested: $8.2 billion

Number of companies: 38

Cape Fear Memorial Bridge in Wilmington, N.C. 

14. North Carolina

Capital invested: $8.4 billion

Number of companies: 65

13. Colorado

Capital invested: $8.9 billion

Number of companies: 66

The Rock and Roll Hall of Fame and Museum in Cleveland. (Photo: AP)

12. Ohio

Capital invested: $9 billion

Number of companies: 76

11. Maryland

Capital invested: $9.7 billion

Number of companies: 57

View of Jersey City from Liberty State Park.

10. Georgia

Capital invested: $11.5 billion

Number of companies: 78

9. New Jersey

Capital invested: $12.6 billion

Number of companies: 84

Boston park. (Photo: AP) 

8. Massachusetts

Capital invested: $14 billion

Number of companies: 98

7. Virginia

Capital invested: $14.7 billion

Number of companies: 66

Miami skyline. (Photo: AP) 

6. Illinois

Capital invested: $16.7 billion

Number of companies: 96

5. Florida

Capital invested: $18.9 billion

Number of companies: 136

Jets flying in formation past Lower Manhattan. (Photo: AP) 

4. New York

Capital invested: $31.5 billion

Number of companies: 162

3. Pennsylvania

Capital invested: $44.4 billion

Number of companies: 91

Alamo in San Antonio, Texas. (Photo: AP) 

2. California

Capital invested: $54 billion

Number of companies: 304

1. Texas

Capital invested: $87.4 billion

Number of companies: 282

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