Wall Street Is Coming for K Street

Private equity is making some big investments in lobbying firms.

Fearless Girl Wall Street
Mark Lennihan/AP

There have been several major private equity plays on K Street this summer.

Insiders say the party’s just getting started.

Last Friday, Shamrock Capital purchased Penta Group from another private equity firm, infusing a degree of confidence in these deals, which have been popping up along K Street in earnest over the past five years.