Anti-RealPage ordinances gaining popularity
As PESP has written about, RealPage remains the subject of an ongoing Department of Justice lawsuit, along with over 30 class action lawsuits. RealPage has been accused of…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
New housing policy analysis highlights strategies to combat the growing threat of corporate landlords
Wall Street watchdog PESP outlines state and local policy options for mitigating the impact of private equity and other institutional investors The Private Equity Stakeholder Project released the fourth installment of its Tools for Tackling Corporate Landlords…
Stephen Feinberg’s Cerberus owned military contractor that paid millions to settle government fraud suits
Feinberg could lead DOD after Cerberus-owned Dyncorp paid over $9 million to resolve DOJ lawsuits This week, it was reported that President-elect Donald Trump selected Stephen Feinberg to be his deputy Defense secretary. Feinberg is the Co-Founder, Co-Chief…
Billions of dollars of taxpayer money flowing to private equity firms contracted for detention, surveillance of immigrants
A new report released by the Private Equity Stakeholder Project (PESP) examines how a handful of private equity firms are playing an outsized role in the deportation and surveillance of millions of immigrants in the United States.
Private Equity in Healthcare – PESP’s November 2024 Roundup
Each month, PESP’s Healthcare Team will be putting together a roundup that shares the latest news stories related to private equity in healthcare and highlights the work that our team has published in the last month. In the news…
Drug test billing fraud at private equity-owned labs
At least five private equity-owned laboratory companies have reached multimillion-dollar settlement payments since 2015 to resolve claims that they allegedly billed federal healthcare programs, including Medicare and Medicaid, for conducting excessive and medically unnecessary drug tests. These settlements combined total…
Carrot producer linked to nationwide E. coli outbreak owned by Indiana private equity firm
As a pre-Thanksgiving outbreak of E. coli linked to carrots has left one person dead and dozens more sickened, private equity-owned Grimmway Farms has come under scrutiny. Owned by Zionsville, Indiana-based private equity firm Teays River Investments, Grimmway Farms is…
PESP statement on consideration of Apollo’s Marc Rowan for Treasury Secretary
PESP Statement on Consideration of Apollo Global Management CEO Marc Rowan for Secretary of the Treasury Earlier this week, news broke that Marc Rowan, CEO of private equity firm Apollo Global Management, is a top contender for the…
PE-backed LNG project marred with setbacks and community opposition
Quantum Energy Partners-backed Saguaro Energía, a massive gas liquefaction and export terminal project under development in Mexico that includes a cross-border pipeline to transport fracked gas from West Texas to the terminal, is marred with legal setbacks and escalating opposition…
Disaster recovery industry dominated by private equity
In September 2023, Hurricane Helene tore through the southeast United States, becoming the third deadliest storm in the United States after Hurricanes Katrina and Maria. Communities in and around Asheville, North Carolina, home to the…
PE-owned prison telecom company illegally drained money from payment accounts for incarcerated people
Federal regulators have ordered private equity-owned prison telecommunications giant ViaPath (formerly Global Tel Link) to pay $3 million for allegedly freezing and draining accounts for people who are incarcerated. ViaPath, owned…
Private Equity Health Care Acquisitions – October 2024
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,…
