The American Investment Council (AIC) has released a new report that demonstrates how private equity continues to fuel the Covid-19 economic recovery across America. Specifically, the report reveals that US private equity investment volume jumped to $175 billion in Q2 2021 from $109 billion in Q2 2020, a 60% increase.
In the first half of the year, there was a 76 per cent increase in capital committed to private equity funds from the same period in 2020.
The US has seen tremendous economic growth in recent months with significant support from private capital. Private equity made major investments in Q2 in industries impacted by the Covid-19 pandemic, such as:
• Hertz car rental company (USD6.5 billion deal), headquartered in Estero, Florida
• Michaels Stores (USD5 billion deal), headquartered in Irving, Texas
• RealPage (USD10.2 billion deal), headquartered in Richardson, Texas
• CoreLogic (USD6 billion deal), headquartered in Irvine, California
Read more/Source: Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.