Find more information on the issues deeply affected by private equity investments:
A new report from the Private Equity Stakeholder Project unraveled the corporate pillaging that led Steward Health Care to declare bankruptcy in May 2024. The report details how private equity firm Cerberus Capital Management, aided by…
The Carlyle Group plans to establish an oil and gas company in the Mediterranean after acquiring projects in Italy, Egypt, and Croatia from Energean for up to $945 million. The new venture, chaired by former BP CEO Tony Hayward, will…
The New York City Employees Retirement System (NYCERS), the pension fund for New York City employees, recently adopted a Responsible Property Management Standards (RPMS) Policy to support and encourage fair rental practices by investment managers with which…
An article by Verite News published last month discussed the proposed sale of Entergy Corporation’s gas utilities in Louisiana to Baton Rouge-based private equity firm Bernhard Capital. The deal is worth $484 million and would transfer the gas distribution business…
In May, the FBI raided the Atlanta headquarters of apartment manager Cortland Management as “part of an ongoing investigation by the U.S. Department of Justice into potential antitrust violations in the multifamily housing industry”, according to the company.
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,…
On July 30, the Guaranteed Severance bill will be reintroduced in the Michigan legislature. The Worker Adjustment and Retraining Notification (WARN) Act is a federal law that requires employers to provide advance notice of mass layoffs or plant closings that…
Oaktree Capital Management, a subsidiary of private equity giant Brookfield, announced the firm is cashing out on its financial interest in Diversified Energy company–Oaktree’s dirtiest asset– responsible for an estimated 31 million metric tons of CO2e per year.
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…
ViaPath Technologies, a prison telecom provider owned by private equity firm American Securities, is currently seeking a reported $1.45 billion refinancing led by Texas Capital Bank. Further reporting suggests ViaPath and TCB are seeking funding from private credit…
Introduction In June, eleven attorneys general (AG) submitted a letter to the federal government outlining how private equity in U.S. healthcare can harm patients and workers. The signatories were the AGs from California, Connecticut, Delaware, Illinois, Minnesota, New Jersey,…
The largest public pension fund in the United States, the $500 billion California Public Employees Retirement System (CalPERS), began implementing its policy to address subpar labor practices at some of its private equity firms’ portfolio companies. During the…
