10
Pension Funds and Private Equity. Why? (5)
*The social surplus of investments in PE
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§Increase in jobs (90% of portfolio companies increased their staff levels) and in the job growth rate (19% compared to 0.5% for other companies). It is thought that 18% of the UK work force has jobs thanks to PE.
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§Increase in sales at a rate of ~21% in the UK and EU; corresponding increase in exports.
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§Increase in profits (77% of PE investees achieved rates higher than competitors).
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§Increase in competitiveness and support of entrepreneurship (81% of PE investees stated they would not exist without PE)
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§Increase in direct tax revenues (UK: € 40 billion) and other indirect taxes (VAT, payroll tax, etc.)
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§Distribution of wealth to more factors of production
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