Find more information on the issues deeply affected by private equity investments:
In The Atlantic piece, “The Secretive Industry Devouring the U.S. Economy,” author Rogé Karma examines how private equity has taken one-fifth of formally publicly-traded companies off the market and effectively hidden them from investors, the media, and regulators.
(pdf version) Over the last several years, the private equity and private funds industry has grown dramatically and, in the process, has come to touch more and more aspects of people’s lives. Private market assets under management hit an…
Private equity firm Platinum Equity has recently drawn criticism for its investment in Securus, one of the largest providers of phone, email, money transfer, and electronic monitoring services to jails, prisons and immigration detention centers in the U.S. While…
The Washington Post today ran a long article, “A billion-dollar empire made up of mobile homes” on how some of the largest private equity firms in the world, including The Blackstone Group, Apollo Global Management, TPG Capital, Brookfield Asset…
A new report “Private equity giants converge on manufactured homes” details how many of the largest private equity and real estate investors in the world, managing more than $1.77 trillion in assets, have converged on the manufactured housing sector,…
Earlier this week, the Washington Post published a long investigative piece on private equity firm Warburg Pincus’ investment in Mariner Finance, a subprime installment lender: “Mass-mailing checks to strangers might seem like risky business, but Mariner Finance occupies a…
From report “Private equity’s failing grade: Private equity investment in for-profit colleges” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) In October 2017, the National Center for Education Statistics (NCES) reported that students who…
New Jersey State Senate President Pro Tempore M.Teresa Ruiz earlier today introduced a bill (S1914) to prohibit state investments in companies that target victims of Hurricane Maria in Puerto Rico, by pursuing foreclosures – either directly or indirectly – during…
In December 2017 and January 2018, community groups and Puerto Rican diaspora groups concerned about TPG Capital’s and The Blackstone Group’s foreclosures in Puerto Rico held protests at TPG’s and Blackstone’s offices. The groups called on Blackstone and TPG…
The Financial Times’ private equity-focused publication FundFire yesterday had a long article (“Blackstone, TPG Face New Pressure on Puerto Rico Loans” (Paywall)) on efforts by community groups and Puerto Rican diaspora groups to get private equity firms TPG Capital…
The Pennsylvania Attorney General’s Office in 2014 filed suit against venture capital-backed Think Finance alleging the firm had utilized illegal tribal lending and “rent-a-bank” schemes to circumvent Pennsylvania usury laws. In mid 2017, the Pennsylvania AG added Chicago-based private equity…
Recently, private equity firms Blackstone Group and TPG Capital drew media attention for foreclosing on homeowners in hurricane-ravaged Puerto Rico. From the New York Times, Dec 16, 2017, “The Next Crisis for Puerto Rico: A Crush of Foreclosures”: “Blackstone…
