The private equity industry's trade association has changed its name for third time in its nine-year history and expanded its scope to pitch the industry's contributions to the US economy.
The Private Equity Growth Capital Council has become the American Investment Council under new president and CEO Mike Sommers, the former chief of staff to House Speaker John Boehner who joined in January.
Sommers called the name a change "a major step forward" for the Washington-based group as it works to promote private equity. He noted the group has expanded its mission to "advance access to capital, job creation, retirement security, innovation, and economic growth" in the US.
The group was founded in 2007 as the Private Equity Council in the face of robust criticism of the then-low profile sector as Bain Capital founder Mitt Romney ran for president. It became the Private Equity Growth Council in 2010.
Ken Mehlman, the former top aide to President George W. Bush who heads public affairs for KKR, is chairman of the AIC. James Maloney is VP of PA for AIC.
Maggie Moran, who is well-connected in New Jersey and New York Democratic politics, has established Moxie Strategies in Asbury Park, NJ.
Husch Blackwell Strategies has added FleishmanHillard alum Michael Slatin as a principal in its public affairs group.
Rory Cooper, a veteran Republican operative and policy specialist, has joined Teneo’s Washington office as senior managing director in its strategy & communications practice.
Brian Fallon, who served as national press secretary for Hillary Clinton’s 2016 presidential run, is signing on next month as Vice President’s Kamala Harris’ campaign communications director.
TikTok is nothing more than a Chinese propaganda tool that poses “a grave threat to America’s national security and, in particular, impressionable children and young adults,” say two Congressmen who want the platform registered as a foreign agent.
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