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05/16/2012

Private Equity Council releases report

Texas topped the list where private equity firms invested the most money in 2011, the Washington, D.C.-based Private Equity Growth Capital Council said today.

About $21 billion went to 206 Texas-based companies, the group said. Texas was followed by New York, California, North Carolina and Oklahoma.

The organization even goes so far to break it down by congressional districts. Most of the private equity went to congressional districts in Houston, San Antonio and Dallas.

Congressional District 18, U.S. Rep. Sheila Jackson-Lee, D-Houston, private equity invested $3 billion in 19 companies.

Congressional District 20, U.S. Rep. Charles Gonzalez, D-San Antonio, private equity invested $6 billion in 4 companies.

Congressional District 7, U.S. Rep. John Culbertson, R-Houston, private equity invested $373 million in 21 companies.

Congressional District 10, U.S. Rep. Michael McCaul, R-Austin, private equity invested $814 million in 20 companies.

Congressional District 32, U.S. Rep. Pete Sessions, R-Dallas, private equity invested $2 billion in 17 companies.

In 2011, private equity invested more than $144 billion in the U.S. economy, with 20 states receiving more than $134 billion of that capital, the group said.

"Over the next several months, we expect the general election to amplify the conversation about private equity," said Steve Judge, president of Private Equity Growth Capital Council, in a statement.

_ Sandra Baker

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District 10, U.S. Rep. Michael McCaul, R-Austin, private equity invested $814 million in 20 companies.

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