The real deal on RealPage
Thoma Bravo Thoma Bravo is a Chicago-based private equity firm with approximately $184 billion in assets under management. Thoma Bravo purchased property management software company RealPage in 2021 for $10.2 billion. …
Explore the issues
Find more information on the issues deeply affected by private equity investments:
Why hasn’t Blackstone settled the DOJ’s RealPage price-fixing suit like peers Greystar and Cortland?
On August 8, 2025, property manager Greystar settled with the US Department of Justice (DOJ) and several state Attorneys General in their ongoing lawsuit against property management software…
Backroom pressure campaign exposed in BlackRock’s utility takeover
Investigation uncovers how the world’s largest asset manager is leveraging political pressure and conflicts of interest in its bid for Minnesota Power A new investigation by The Lever has revealed troubling details about the political pressure campaign…
Media outlets highlight PESP’s warnings on private equity in 401Ks
Trump Executive Order Opens 401(k) Plans to Private Equity, Prompting Serious Concerns Executive Order Summary This month, President Trump signed an executive order that instructs the Department of Labor (DOL), Securities and Exchange Commission (SEC)…
Minnesota Judge recommends denying BlackRock’s acquisition of ALLETE
On July 15th, Minnesota Administrative Law Judge Megan J. McKenzie (ALJ) issued a report of Findings of Fact, Conclusions of Law and Recommendations (report) in the contested case proceeding for the petition of Duluth-based utility Minnesota Power’s parent…
Coverage of Michigan manufacturer closure following private equity acquisition
Michigan news sources 94.7 WCSX and the Detroit Free Press recently covered the August closure of Highland Township-based Midwest Glass Fabricators following its acquisition by Oldcastle BuildingEnvelope, a manufacturer owned by private equity firm…
PESP featured in Healthcare Dive on Genesis Healthcare bankruptcy
This week, Healthcare Dive covered the bankruptcy of Genesis Healthcare, one of the nation’s largest skilled nursing operators — and highlighted the Private Equity Stakeholder Project’s research and…
PESP featured in The Lever: Private equity’s utility power grab
BlackRock’s $6.2b bid for Minnesota Power sparks watchdog warnings of higher rates and risks to the clean energy transition. Last week, The Lever published an in-depth investigative report titled “This…
Cities work to ban Thoma Bravo-owned RealPage
As the Private Equity Stakeholder Project continues to write about, RealPage is a property management software that has been the subject of ongoing controversy after being accused of facilitating rental price collusion, through…
Private Equity Is Coming for Your Pets : What it means for you
Cats have nine lives – and private equity is betting that pet owners will paw up big bucks to save every last one of them. More Perfect Union’s recent video “Private Equity Is Coming for Your…
New PESP research analyzes Genesis Healthcare bankruptcy
Highlights broader bankruptcy risks from private equity The Private Equity Stakeholder Project (PESP) reaffirmed its commitment to closely monitoring the Chapter 11 bankruptcy of Genesis Healthcare, one of the nation’s largest skilled nursing operators. A research update published…
Announcing PESP’s first-ever impact report
We’re proud to share with you the first-ever Private Equity Stakeholder Project Impact Report. Private equity and other private funds have grown into a $22 trillion industry that now employs tens of millions of…
