Subsidy Tracker: Industry Summary Page
Major Industry:
private equity (including portfolio companies)
Subsidy Total:
$2,392,822,263
Number of Awards:
3,057
Time Period:
Earliest year of data: 1988. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this industry are for the period since 2011.
Notes:
The dollar total above adjusts for the fact that there is an overlap between the amounts in one or more Megadeal entries and those of one or more of the other entries. The total includes only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. Dollar totals do not include awards for which no subsidy value is disclosed.
| Top 10 Parent Companies | Total Subsidy $ | Number of Awards |
|---|---|---|
| Riverstone Holdings | $438,303,190 | 42 |
| Energy Capital Partners | $176,495,627 | 29 |
| Blackstone | $157,548,357 | 60 |
| Cerberus Capital Management | $156,378,705 | 334 |
| Onex | $142,710,404 | 76 |
| Searchlight Capital | $135,069,042 | 4 |
| Mid Oaks Investments | $126,377,386 | 28 |
| Bridgewater Associates | $115,000,000 | 1 |
| Thoma Bravo | $103,780,594 | 8 |
| Apollo Global Management | $89,922,620 | 149 |
Individual Subsidy Records:
| Company |
Parent |
Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|---|
| BlackLine Systems, Inc. | Silver Lake | California | state | 2015 | $1,100,000 | tax credit/rebate | |
| MERCURY PAYMENT SYSTEMS LLC | Silver Lake | Colorado | state | 2014 | $74,827 | tax credit/rebate | |
| Mercury Payment Systems, LLC | Silver Lake | Colorado | state | 2014 | $59,527 | tax credit/rebate | |
| Mercury Payment Systems, LLC | Silver Lake | Colorado | state | 2014 | $46,808 | tax credit/rebate | |
| MERCURY PAYMENT SYSTEMS LLC | Silver Lake | Colorado | state | 2014 | $11,415 | tax credit/rebate | |
| MERCURY PAYMENT SYSTEMS LLC | Silver Lake | Colorado | state | 2016 | $74,229 | tax credit/rebate | |
| Sentinel Capital Partners IV, LP | Sentinel Capital Partners | North Carolina | state | 2014 | $6,500 | tax credit/rebate | |
| Integra Telecom | Searchlight Capital | Oregon | state | 2004 | $69,042 | training reimbursement | |
| Digital Domain Media Group | Searchlight Capital | Florida | state | 2011 | $50,000 | training reimbursement | |
| Digital Domain Media | Searchlight Capital | Florida | state | 2011 | $379,764 | training reimbursement | |
| Digital Domain Media Group | Searchlight Capital | Florida | multiple | 2009 | $135,000,000 |
MEGADEAL  |
|
| Sonic | Roark Capital | Texas | local | 2000 | undisclosed | tax credit/rebate | |
| Sonic Drive In | Roark Capital | Texas | local | 2002 | undisclosed | tax credit/rebate | |
| Sonic Drive In | Roark Capital | United States | federal | 2008 | $1,655,500 | federal loan or loan guarantee | |
| SONIC RESTAURANTS | Roark Capital | United States | federal | 2009 | $1,130,000 | federal loan or loan guarantee | |
| BUFFALO WILD WINGS | Roark Capital | United States | federal | 2011 | $1,292,000 | federal loan or loan guarantee | |
| Buffalo Wild Wings | Roark Capital | United States | federal | 2010 | $1,007,000 | federal loan or loan guarantee | |
| Buffalo Wild Wings | Roark Capital | United States | federal | 2011 | $1,410,000 | federal loan or loan guarantee | |
| Buffalo Wild Wings | Roark Capital | United States | federal | 2012 | $1,118,000 | federal loan or loan guarantee | |
| Buffalo Wild Wings | Roark Capital | United States | federal | 2012 | $1,056,000 | federal loan or loan guarantee | |
| SONIC DRIVE IN | Roark Capital | United States | federal | 2007 | $1,397,000 | federal loan or loan guarantee | |
| JAMBA JUICE | Roark Capital | United States | federal | 2010 | $35,000 | federal loan or loan guarantee | |
| Buffalo Wild Wings | Roark Capital | United States | federal | 2016 | $1,809,000 | federal loan or loan guarantee | |
| Jamba Juice Company | Roark Capital | Texas | state | 2016 | $800,000 | grant | |
| SONIC | Roark Capital | Nebraska | local | 2018 | $152,397 | tax increment financing | |
| Dynamic Industries, Inc. | Riverstone Holdings | Louisiana | state | 2009 | $13,551,785 | tax credit/rebate | |
| DYNAMIC INDUSTRIES LTD. INC. | Riverstone Holdings | Michigan | local | 1996 | undisclosed | property tax abatement | |
| Athens Generating Company, L.P. | Riverstone Holdings | New York | local | 2004 | $17,368,211 | tax credit/rebate; property tax abatement | |
| Athens Generating Company, L.P. | Riverstone Holdings | New York | local | 2005 | $21,128,474 | tax credit/rebate; property tax abatement | |
| Athens Generating Company, L.P. | Riverstone Holdings | New York | local | 2006 | $24,401,704 | tax credit/rebate; property tax abatement | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2007 | $24,561,720 | tax credit/rebate; property tax abatement | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2009 | $26,427,335 | tax credit/rebate; property tax abatement | |
| Laredo WLE, LP | Riverstone Holdings | Texas | local | 2008 | undisclosed | tax credit/rebate | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2010 | $27,300,133 | tax credit/rebate; property tax abatement | |
| Enviva LP | Riverstone Holdings | Virginia | state | 2012 | $300,000 | grant | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2008 | $25,320,013 | tax credit/rebate; property tax abatement | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2011 | $25,804,884 | tax credit/rebate; property tax abatement | |
| Enviva | Riverstone Holdings | North Carolina | state | 2012 | $500,000 | grant | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2012 | $25,823,134 | tax credit/rebate; property tax abatement | |
| ReEnergy Black River LLC | Riverstone Holdings | New York | local | 2012 | $669,600 | tax credit/rebate; property tax abatement | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2011 | $50,357 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2011 | $7,891 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2013 | $240,967 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2014 | $63,015 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2012 | $57,099 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2014 | $52,270 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2013 | $22,401 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2012 | $15,931 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2012 | $5,236 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2013 | $2,972 | federal grant | |
| PPL Renewable Energy, LLC | Riverstone Holdings | United States | federal | 2013 | $2,421,738 | federal grant | |
| PPL Montana, LLC | Riverstone Holdings | United States | federal | 2014 | $55,612,423 | federal grant | |
| ReEnergy Black River LLC | Riverstone Holdings | United States | federal | 2014 | $11,110,471 | federal grant | |
| Enviva | Riverstone Holdings | North Carolina | state | 2014 | $270,000 | grant | |
| Enviva, LP | Riverstone Holdings | North Carolina | state | 2014 | $195,000 | grant | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2013 | $38,423,245 | tax credit/rebate; property tax abatement | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2015 | $29,053 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2015 | $34,010 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2015 | $57,342 | federal grant | |
| ENVIVA LP | Riverstone Holdings | United States | federal | 2016 | $33,652 | federal grant | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2014 | $23,339,794 | tax credit/rebate | |
| ReEnergy Black River LLC | Riverstone Holdings | New York | local | 2014 | $311,552 | tax credit/rebate | |
| Laredo WLE LP | Riverstone Holdings | Texas | local | 2008 | undisclosed | property tax abatement | |
| ReEnergy Black River LLC | Riverstone Holdings | New York | local | 2015 | $281,028 | tax credit/rebate | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2015 | $23,563,788 | tax credit/rebate | |
| ReEnergy Ashland LLC | Riverstone Holdings | Maine | state | 2014 | undisclosed | tax credit/rebate | |
| ReEnergy Ashland LLC | Riverstone Holdings | Maine | state | 2014 | undisclosed | enterprise zone | |
| Enviva | Riverstone Holdings | Virginia | state | 2013 | $300,000 | grant | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2016 | $23,563,788 | tax credit/rebate | |
| ReEnergy Black River LLC | Riverstone Holdings | New York | local | 2016 | $276,867 | tax credit/rebate | |
| Athens Generating Co LLP | Riverstone Holdings | New York | local | 2017 | $24,576,459 | tax credit/rebate | |
| ReEnergy Black River LLC | Riverstone Holdings | New York | local | 2017 | $227,848 | tax credit/rebate | |
| Decker Coal | Resource Capital Funds | Montana | state | 2008 | $250,000 | training reimbursement | |
| Higher One, Inc. | Providence Equity Partners | Connecticut | state | 2011 | $18,500,000 | tax credit/rebate | |
| Higher One, Inc. | Providence Equity Partners | Connecticut | state | 2012 | $5,500,000 | grant | |
| Higher One, Inc. | Providence Equity Partners | Connecticut | state | 2011 | undisclosed | Enterprise Zone | |
| Columbus Steel Castings Company | Protostar Partners | Ohio | state | 2014 | $1,796,912 | tax credit/rebate | |
| Clipper Windpower, Inc. | Platinum Equity | Iowa | state | 2005 | $500,000 | grant/loan hybrid program | |
| Clipper Windpower, Inc. 05-EZ-30 | Platinum Equity | Iowa | state | 2005 | $146,152 | enterprise zone | |
| Clipper Windpower, PLC 07-EZ-002 | Platinum Equity | Iowa | state | 2006 | $417,675 | enterprise zone | |
| Clipper Windpower, Inc. | Platinum Equity | Iowa | state | 2005 | $346,000 | infrastructure assistance | |
| JOSEPH T RYERSON & SON INC | Platinum Equity | Michigan | local | 2002 | undisclosed | property tax abatement | |
| JOSEPH T RYERSON & SON INC | Platinum Equity | Michigan | local | 2002 | undisclosed | property tax abatement | |
| BRIDGE TERMINAL TRANSPORT INC. | Platinum Equity | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| Diversified Machine, Inc. | Platinum Equity | Pennsylvania | state | $160,000 | loan or bond financing | ||
| Jostens, Inc. | Platinum Equity | Pennsylvania | state | $25,000 | grant | ||
| Diversified Machine, Inc. | Platinum Equity | Pennsylvania | state | 2009 | $15,554 | tax credit/rebate | |
| Diversified Machine, Inc. | Platinum Equity | Pennsylvania | state | 2010 | $3,105 | tax credit/rebate | |
| Jostens, Inc | Platinum Equity | Kansas | state | 2009 | $9,000 | training reimbursement | |
| Joseph T. Ryerson & Son, Inc. | Platinum Equity | Arkansas | state | 2010 | $80,486 | tax credit/rebate | |
| JOESPH T. RYERSON & SON INC | Platinum Equity | Arkansas | state | 2010 | $83,938 | tax credit/rebate | |
| Joseph T. Ryerson & Son, Inc. | Platinum Equity | Iowa | state | 2011 | $205,500 | training reimbursement | |
| Jostens, Inc. | Platinum Equity | Tennessee | state | 2012 | $665,000 | training reimbursement | |
| Ryerson | Platinum Equity | Arkansas | state | 2011 | $18,000 | training reimbursement | |
| JOSEPH T RYERSON & SON INC | Platinum Equity | Michigan | local | 2008 | undisclosed | property tax abatement | |
| Jostens, Inc. | Platinum Equity | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| Diversified Machine, Inc. | Platinum Equity | Pennsylvania | state | 2011 | $7,785 | tax credit/rebate | |
| BRIDGE TERMINAL TRANSPORT INC. | Platinum Equity | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| Joseph T. Ryerson & Son, Inc. | Platinum Equity | Ohio | local | 2010 | $5,419 | tax credit/rebate | |
| Joseph T. Ryerson & Son, Inc. | Platinum Equity | Ohio | local | 2011 | $11,606 | tax credit/rebate | |
| Diversified Machine, Inc. | Platinum Equity | Pennsylvania | state | 2012 | $6,438 | tax credit/rebate |
