When you think of New York, you might think of Wall Street: The chaos of the trading floor, men and women in suits surrounding enormous mahogany conference tables, that big statue of a bull outside the NYSE. If you do, you're not alone. When private equity investors do business in the state of New York, their dealings also have a distinct bent for the financial sector.
PE investors have completed 814 deals in the state of New York since the start of 2013, according to the PitchBook Platform. The financial services sector accounts for 17% of that activity—a situation surely due to the presence of New York City, one of the world's primary financial hubs. That's more than double the rate in the US as a whole, where financial services deals have made up 7.3% of all PE activity during the same timeframe. So far in 2016, though, activity in New York has regressed slightly to the mean: Financial services companies make up 14.3% of PE investor activity, with the B2B sector (33.3%) making up a good portion of the difference.
Here are the most active PE investors in the state of New York since 2013, including add-ons: