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Article: Private equity builds strong companies, contributes billions to American economy.
- Article from:
- Business Wire
- Article date:
- May 16, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Pension funds, universities, foundations are major investors and beneficiaries
WASHINGTON -- The private equity industry makes substantial contributions to the American economy by building strong, financially secure companies and delivering superior investment returns to pension funds, universities and foundations, Private Equity Council President Douglas Lowenstein told a Congressional committee today. Private equity investment returns secure the financial futures of tens of millions of Americans, underwrite college scholarships and help pay for important medical and scientific research, Lowenstein added.
"Private equity is about hundreds of thriving ...