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The phrase "private entities" is correct and commonly used in written English.
You can use it whenever you want to refer to privately owned companies or organizations. Example: The government is looking to partner with private entities to improve infrastructure in rural areas.
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"They're private entities.
Private entities were, right.
Amtrak itself could bid against private entities.
This is as true for private entities.
But none of the DDoS "victims" are truly private entities.
The rest are owned by individuals or private entities.
Only then can properties be sold to private entities.
"Private entities are not necessarily very accountable to public attitudes.
Its so-called parastatal companies are not true private entities.
However, since then several private entities resumed operation.
The remaining $200 million will be tendered by private entities.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com