New York, home to many of the world's largest private equity firms, has seen a sharp increase in PE investment over the past couple years. According to the PitchBook Platform, the state saw a 22.5% YoY jump in completed deals in 2014, which came on the heels of a 17.6% bump in 2013. New York's 196 deals last year marked a post-2007 high, and 1H numbers so far this year are tracking right on pace. Two sectors appear to be driving the surge: IT doubled its deal count last year compared to 2013, while B2B claimed over 30% of PE activity in 2014 (highest since 2005). Five of the top eight investors in the state over the past decade are HQ'd in New York City.
Top PE investors in New York-based companies since the start of 2005 and their deal counts (incl. add-ons):