The American Investment Council, which lobbies on behalf of the private equity industry, spoke to congressional leaders and Treasury Department officials, sources said.
Members of the American Investment Council include private equity giants such as Blackstone, the Carlyle Group, Apollo Global Management, Kohlberg Kravis Roberts and Warburg Pincus.
Private equity firms did not request financial assistance, these people added. The $500 billion that was eventually made available for business loans and other forms of aid could be a boon to companies in which private equity firms have invested. Private equity firms often invest and restructure companies that aren't publicly traded.
The American Investment Council said they are hoping Congress and the administration don't block companies from financial aid just because they are backed by outside investors.
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