| Private Equity Council | |
|---|---|
| Formation | 2007 |
| Extinction | (date of extinction, optional) |
| Purpose/focus | Advocacy for private equity industry |
| Headquarters | Washington DC, United States |
| President | Douglas Lowenstein[1] |
| Website | www.pegcc.org/ |
The Private Equity Growth Capital Council' (PEGCC), formerly the Private Equity Council, is the lobbying, advocacy and research organization for the private equity industry. The PEC was founded by a consortium of the largest private equity firms globally. Since its inception, the PEC has focused on educating the public about the private equity industry and tax and regulatory legislation.
Based in Washington, DC, the Private Equity Council was founded in February 2007 to provide increased advocacy for an industry which had come under attack as it reached the peak of the mid-2000s buyout boom. Specifically, private equity firms and their senior executives were targeted by union groups, most notably the Service Employees International Union (SEIU).[2]
Plans for the new lobbying organization were presented in late 2006 and in December 2006, Douglas Lowenstein was selected to be the president of PEC. [1]
In September 2010, the Private Equity Council changed its name to the Private Equity Growth Capital Council, with its expansion to thirty member firms.
The Private Equity Council's charter members included 12 of the largest private equity firms, globally:
In September 2010, the Private Equity Council changed its name with the expansion to thirty members. Among the 18 new members were an assortment of middle market private equity firms and growth capital firms. The new membership included Avista Capital Partners, Brockway Moran & Partners, Crestview Partners, Genstar Capital, Global Environment Fund, GTCR, Kelso & Company, KPS Capital Partners, Levine Leichtman Capital Partners, MidOcean Partners, New Mountain Capital, Riverside Company, Sterling Partners, Sun Capital Partners, TA Associates, Thomas H. Lee Partners, Vector Capital and Welsh, Carson, Anderson & Stowe.
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