Find more information on the issues deeply affected by private equity investments:
The gyrations of public markets so far this year have been dizzying, but signals from private markets are equally nausea inducing. Industry experts and practitioners are expressing pessimism and some say alternative assets are in irreversible decline. Faced…
Local coverage captures mounting concerns over affordability, accountability, and Wall Street’s role in public utilities. Growing local and state-level media coverage highlights intensifying opposition to BlackRock’s (via Global Infrastructure Partners) proposed $6.2 billion acquisition of Allete, the parent…
A new Guardian spotlight has thrown light on the dangers of Wall Street’s growing push into public utilities. The piece highlights BlackRock’s $6.2 billion bid to acquire Minnesota Power’s parent company, Allete. Opponents warn the deal…
Private equity forms new dark money group to gain access to Americans’ 401(K)s The $22 trillion private equity industry has drawn on a familiar playbook in creating a new dark money group called the “Council for a Safe and…
BlackRock’s pressure campaign sparks outcry as Minnesota regulators weigh utility takeover Proposed acquisition raises alarms about Wall Street’s influence over Minnesota’s energy future DULUTH, Minn. – As the Minnesota Public Utilities Commission (PUC) considers whether to approve BlackRock’s proposed takeover of…
Quantum Capital’s 11.6k+ fossil fuel assets responsible for at least $2.4 billion in public health costs annually Texas-based energy specialist private equity firm Quantum Capital’s extensive fossil fuel portfolio of upstream oil and gas assets is responsible for…
***MEDIA ADVISORY*** PRESS CONFERENCE: Elected Officials and Community Leaders Stand Against the $6.2B Private Equity Acquisition of Minnesota Power DULUTH, Minn. – Next week, elected officials, community members and organizations parties to the case will hold a press conference outside of…
Minnesota’s energy future deserves better than BlackRock’s empty promises The administrative law judge got it right on the ALLETE deal: Deny The following op-ed by PESP climate and energy director Alissa Jean Schafer published in August in Utility Dive:…
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…
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)…
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…
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…
