Florida Ranks Fourth In Drawing Private Equity Dollars

Private equity funds invested $41.8 billion in 219 Florida-based companies in 2016, supporting 33,733 jobs, according to the American Investment Council’s annual analysis released Thursday.

Florida ranked fourth in the nation for investment from private equity (measured in dollars invested), following Texas, California and Massachusetts, according to the Top States and Districts in 2016 analysis. All together, more the $644 billion was invested in U.S. companies in 2016, the report said.

Source: PitchBook and AIC Analysis

Source: PitchBook and AIC Analysis

Florida also ranked fourth for the number of companies receiving investment, following California, Texas and New York. That is up from 2015, when the state ranked No. 6. In total, 3,765 companies across the nation received investment. Nationwide, 60 percent of the capital went to two sectors: information technology and business services.

“The industry’s $644 billion in 2016 investments is long-term capital that contributes to sustained growth in all 50 states and leads to successful returns for pensions, university endowments, charitable foundations, and other investors,” said Mike Sommers, CEO of AIC, an advocacy organization for the private equity industry.

The AIC’s annual report ranks the top 20 states, breaks down which business sectors received the most PE investments, and provides aggregate numbers detailing private equity’s domestic impact. View the full report here.

Source: American Investment Council