Private Equity Lobbyist Changes Name as New CEO Eyes More Firms

  • PEGCC becomes American Investment Council under Mike Sommers
  • In shift, group aims to include smaller firms, funds of funds

A pedestrian passes in front of the Carlyle Group LP logo displayed on a building in New York on May 3, 2012.

Photographer: Scott Eells/Bloomberg

The private equity industry’s lobbying group, which represents firms such as KKR & Co. and Carlyle Group LP, changed its name as Chief Executive Officer Mike Sommers casts a wider net for members affected by existing and potential regulations.

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