PESP participates in webinar with Minnesota legislators, advocates
After the decision to allow the BlackRock acquisition of Minnesota Power (MP) to commence by the Minnesota Public Utilities Commission (MN PUC), Minnesotans were left to wonder how…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
Sun Times op-ed: The future of Walgreens
The future of Walgreens, an iconic Chicago drugstore, looks grim The pharmacy and retail store now counts itself as one of thousands of portfolio companies owned by private equity, an industry renowned for its profits-first, people-last approach to business.
PESP responds to FERC staff letter of deficiency in Blackstone-TXNM deal
The Private Equity Stakeholder Project (PESP) welcomes a letter of deficiencyissued December 23, 2025 by staff at the Federal Energy Regulatory Commission (FERC) regarding Blackstone’s proposed acquisition of TXNM Energy and its subsidiaries, Public Service Company…
Blackstone plans to acquire multi-utility TXNM, raising concerns about energy affordability
TXNM, parent company to two electric utilities, PNM and TNMP, announced plans to be acquired by Blackstone’s Infrastructure platform in May of 2025 in a $11.5 billion take-private deal. This proposed acquisition would…
Nation’s largest property manager, Greystar, agrees to no longer set rents through RealPage as part of settlements
Several legal cases involving the property management software RealPage (which is owned by the private equity firm Thoma Bravo) were settled toward the end of 2025. Some of those settlements involved the property…
PESP statement on Trump’s proposed ban on institutional investor purchases of single-family homes
Today, President Donald Trump announced in a Truth Social post that he would move to ban large institutional investors from buying single family homes in the future. In recent years, institutional investors such as private equity…
Private Equity Health Care Acquisitions – November 2025
In light of continued investor interest in healthcare and the risks associated with private equity ownership of healthcare companies, the Private Equity Stakeholder Project is tracking private equity-backed healthcare acquisitions. Below is a list of private equity healthcare buyouts,…
Public pensions shrink private equity as headwinds persist, returns drag
Several large public pensions cut back allocations to private equity in 2025 in the face of the industry’s poor performance and unrelenting headwinds. Among the public asset owners that…
Landmark greenwashing case in France and new lawsuit against Canadian pension fund could be a sign of a new era of accountability
Climate disasters are accelerating at an exponential rate, with the first half of 2025 rated as the costliest ever on record at $101 billion, The Guardian reported. More and more people are becoming all too familiar with what a…
Senator launches investigation of Alden Global Capital, other corporate owners of manufactured housing
Last week, Senator Maggie Hassan, ranking member of the Joint Economic Committee, launched a probe of six corporate owners of manufactured housing communities, including Alden Global Capital’s Homes of America, for alleged mistreatment…
Thoma Bravo’s RealPage banned in New York and California
Thoma Bravo’s RealPage has been the subject of controversy due to allegations of artificially inflating rental prices and furthering inequities within the housing market. RealPage and similar algorithmic software bans were the subject of over 44…
Massachusetts pension fund adopts labor policy for private markets
On December 4, the Massachusetts Pension Reserves Investment Management (MassPRIM) Board unanimously adopted[1] a Responsible Workforce Management Policy for private market investments. Given the pension fund’s strong proxy voting guidelines for public investments, PRIM staff…
