But that success won’t come easy. Private equity execs are spending more than ever these days on politics. In the current election cycle, notes the Center for Media and Democracy, the top 50 national contributors to political campaigns include 11 private equity giants.
These 11 have already contributed over $223 million to congressional and presidential candidates and the super PACs that back them. In the 2016 election cycle, candidates and political committees only collected $92 million from the 147 private equity firms the Center was then tracking.