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
