Another incredible year for PESP
We’re proud to share the Private Equity Stakeholder Project’s latest Impact Report. Private equity and other private funds have grown substantially in recent years and now control over $24 trillion in assets…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
JPMorgan’s dual role at El Paso Electric, Meta El Paso data center
On June 9, Nichole Heil of PESP provided the below testimony to the El Paso, Texas City Council regarding the proposed Meta data center: Good morning. My name is Nichole with the Private Equity Stakeholder Project. We are a nonprofit…
NM recommendation shows why Blackstone should not own PNM utility
PESP: New Mexico recommendation shows why Blackstone should not own PNM utility Hearing examiners’ finding that Blackstone and TXNM violated state law raises new doubts about proposed utility takeover Santa Fe, NM — The Private Equity…
Investors continue retreat from private markets
Investors continue retreat from private markets in 2026, underperformance persists Public pension funds have continued to scale back their exposure to private equity in 2026, a trend responding to the asset class’s anemic returns and weakening economic outlook overall.
Michigan data center buildout facilitated by private equity
Private equity firms have spent nearly $200 billion on data center deals and have been behind 80 to 90 percent of completed mergers and acquisitions in the data center-related industries in the past…
PESP opposes DOL’s proposed 401(k) private markets rule
As pensions pull back from private equity, PESP and lawmakers raise concerns about fees, liquidity, and weakened investor protections The Private Equity Stakeholder Project (PESP) has submitted a formal comment letter to the Department of…
DigitalBridge-ArcLight deal ties AI data center boom to sprawling fossil fuel portfolio
Data center expansion and AI-driven electricity demand may give aging coal and gas plants a new financial lifeline BOSTON, MA — A major acquisition announced Wednesday could further entrench private equity firms at every level of the rapidly…
Crain’s Chicago op-ed: Questions surround Stonepeak in Chicago parking deal
Why is Chicago handing its parking meters to a firm tied to ICE deportation flights? The following op-ed by PESP communications director Matt Parr published in May in the Crain’s Chicago Business: City Council should closely examine Stonepeak’s broader…
Private equity cash fuels data center buildout
While big tech firms have drawn scrutiny and local resistance for the massive buildout of data centers, private equity and credit firms are also playing a critically important behind the scenes role in data center financing and development.
Chicago parking meter deal puts spotlight on Stonepeak
The private equity firm seeking control of Chicago Parking Meters LLC has ties to ICE-linked aviation operations, expanding fossil fuel infrastructure investments, and documented public health impacts Crain’s Chicago Business recently reported that Stonepeak Partners has reached…
Semafor and PitchBook examine private equity geopolitical risks
Recent coverage from Semafor and PitchBook highlighted growing scrutiny around private equity investment in energy infrastructure operating in regions facing geopolitical instability, and the exposure of pension fund capital to those assets. In Semafor Energy, climate…
PE firms push SEC changes that could move assets into 401(k)s
Private equity firms push SEC rule changes to dump unwanted assets on 401K retirement savers Weakened oversight of form PF and new cross-trading pressure could deepen “bailout” of private equity industry WASHINGTON, DC — The Private Equity Stakeholder…
