The Pillaging of Steward Health Care
To download a PDF version of this report, click here. In May 2025, PESP published a blog post that provides an update on Steward Health Care. It can be accessed here. Key points Steward…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
Private Equity Employer Tracker
Most recent estimates suggest private equity firms directly employ 12 million people in the United States alone, and millions more around the world. The largest number of workers employed by private equity-owned companies are concentrated in low-wage…
In the wake of the Steward Health bankruptcy, Senator Warren introduces bill to penalize hospital looting, claw back unjust enrichment
On June 11, 2024 U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.) introduced the Corporate Crimes Against Health Care Act of 2024 to root out corporate greed and private equity abuse in the health care system.
Don’t blame the shrimp: How private equity is bankrupting America
In May, Red Lobster announced it filed for Chapter 11 bankruptcy, closed dozens of stores, and would be selling all its assets.[1] CEO Jonathan Tibus, who was brought in as a restructuring advisor, was quick to…
PESP calls on FTC and DOJ to block proposed merger of BlackRock and Global Infrastructure Partners
The Private Equity Stakeholder Project submitted a letter calling on the FTC and the DOJ to block the proposed merger of asset manager giant BlackRock and private equity firm Global Infrastructure Partners (GIP). The merger appears to be…
Private equity wins legal reprieve to continue misleading investors on fees, returns
On June 5, in capitulation to the outcry from the private equity industry, the 5th U.S. Circuit Court of Appeals struck down[1] the Private Fund Advisors rule promulgated by the Securities Exchange Commission (SEC).
RealPage-associated landlord subject of FBI probe
Once again, landlords associated with the property management software RealPage find themselves in hot water. On May 22nd, the FBI raided Cortland Management, an Atlanta-based multifamily property developer.
Researchers launch update to database of top private equity energy portfolios
The first-ever Private Equity Energy Tracker was just updated by the Private Equity Climate Risks data consortium project. First released in February of 2024, the Energy Tracker showcases a list of the energy holdings of 21…
Coalition calls on federal agencies to fight private equity’s healthcare abuses
On June 5, over 90 organizations and individuals, representing patients, workers, communities, public interest advocates, and healthcare researchers, called on federal authorities, as part of their review of competition in health care, to take action…
New tool tracks private equity ownership of manufactured housing communities across U.S.
The Private Equity Stakeholder Project (PESP) and Manufactured Housing Action (MHAction) have released the Private Equity Manufactured Housing Tracker, a first-of-its-kind tool monitoring private equity and hedge fund ownership of manufactured housing communities…
PESP Private Equity Manufactured Housing Tracker
PESP and Manufactured Housing Action have released the Private Equity Manufactured Housing Tracker A current list of private equity-owned manufactured home parks in the U.S. Updated December 20, 2024 Key Points Over the past…
Federal Energy Regulatory Commission finds BlackRock/GIP merger application “deficient”
A proposed merger of asset manager giant BlackRock and private equity firm Global Infrastructure Partners (GIP) is currently under review by the Federal Energy Regulatory Commission (FERC.) This $12.5 billion deal would be BlackRock’s largest acquisition in 15 years and…
