Find more information on the issues deeply affected by private equity investments:
Multiple examples have surfaced of companies owned by private equity firm Brookfield Asset Management spending resources on anti-union efforts instead of investing in their workforces and respecting the rights of workers to organize and collectively bargain. …
PESP researchers Valentina Dabos and Azani Creeks led a panel discussion on private equity and labor organizing at the 2023 Labor Research and Action Network (LRAN) conference in Washington, DC, earlier this month. Pointing out the…
The United Food and Commercial Workers (UFCW) announced that in the last few weeks, hundreds of Packers Sanitation (PSSI) workers that clean meatpacking and food processing plants across the country have joined the UFCW. The union has reached an…
Private equity giant Blackstone continues to face bad press due to a Department of Labor investigation that revealed widespread child labor at Packers Sanitation Services (PSSI), which the firm acquired in 2018. While Blackstone and PSSI frame child labor as…
Next week, private equity and real estate giant The Blackstone Group will hold its Global Real Estate LP Conference and Global Private Equity LP Conference at the luxurious The Boca Raton resort in Boca Raton, Florida. The resort…
PESP contributed to a CBS 60 Minutes segment on Blackstone’s child labor at its meatpacking plants. CBS 60 Minutes, May 7, 2023: From stakeouts to warrants: How federal investigators found more than 100 children cleaning slaughterhouses…
PESP’s and United for Respect’s May Day action and Labor Rights platform were featured in an investigative piece by Truthout…
Click here to sign on to PESP’s platform for Labor Rights. Download a copy of our Labor Rights platform here. The private equity industry must correct its course and improve its treatment of workers. Focused on…
On Wednesday, May 3, 2023, the U.S. Securities and Exchange Commission (SEC) adopted new amendments to enhance private fund reporting. According to the SEC, the rule amendments will “enhance the ability of the Financial Stability Oversight Council (FSOC) to…
Private equity firm The Carlyle Group reported earlier this week that its fundraising declined by 48% over the last twelve months through March 2023.[1] Carlyle reported raising $27.6 billion during the twelve months ending March 31, 2023…
Private Equity Stakeholder Project and United for Respect launched its labor rights platform this week on International Workers’ Day. Knowing that the private equity industry must correct its course and improve its treatment of workers, PESP and members…
What Silicon Valley Bank’s collapse and bailout mean for private equity, and how regulators can prevent a future crisis Silicon Valley Bank collapsed on March 10, 2023 following a dramatic bank run. Regulators had to step in to contain the…
