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America’s private equity capital is… (hint: not New York)

Most private equity firms are headquartered in the Northeast, but that isn't where they invest most of their money.

If you want your company to be acquired by a private equity firm, your best bet is to headquarter in Texas.

The Private Equity and Growth Capital Council today released its annual state-by-state breakdown of private equity activity, covering around $443 billion invested into more than 2,300 companies during 2013 (based on data provided by Pitchbook).

Texas-based companies easily led the pack, securing around $87.4 billion from private equity firms last year. A big part of that is last year’s mega-buyout of Austin-based computer maker Dell, plus the recent boom in energy-focused private equity deals (both E&P and services).

California placed a distant second with $54 billion, while Pennsylvania ($44.4 billion), New York ($31.5 billion) and Florida ($18.9 billion) rounded out the top five.

PEGCC also broke out the data by congressional districts, finding that Rep. John Carter’s 31st District in Texas — an area that includes part of Austin — placed first, while two other Texas districts (7th and 30th) also ranked in the top 10.

Below is a full chart of the Top 20 states:

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