Reuters reported:
A private equity lobbying group that represents some of biggest buyout firms, including Blackstone Group Inc and KKR & Co Inc, said on Monday it has paused all political donations following the storming of the U.S. Capitol last week.
“Our country faces enormous health, economic, and social challenges that take precedent over politics. In this environment, the American Investment Council is pausing all political contributions to candidates from the AIC PAC,” a spokeswoman for the Washington-based American Investment Council said in a statement.
The Blue Team should be in good shape for donation restarts as President Elect Biden plans to fill key cabinet positions with private equity underwriters (PEU).
The trade group rebranded from Private Equity Growth Capital Council in May 2016. I offered a new name for the trade group, Private Equity Capital Knowledge Executed Responsibly. For some reason the greed and leverage boys did not PECKER.
