"The private equity industry has a compelling story to tell, " says Robert Stewart, vice president of the Private Equity Council.

FORBES: Magazine Article

The Private Equity Council, a lobbying outfit that represents ten of the biggest buyout shops, including Blackstone and Carlyle, got up and running in February.

FORBES: Hill To Hear Union Concerns

Doug Lowenstein, who runs the Private Equity Council, the industry's lobby group, says that the tax change could wreck buy-out shops by discouraging young talent from going into private equity and driving buy-out firms to relocate to countries that offer more favourable tax treatment.

ECONOMIST: Private-equity firms battle to keep their tax perks