Find more information on the issues deeply affected by private equity investments:
Tenant advocates and government officials are expressing mounting concerns over the acceleration of corporate investment in housing. Housing financialization first gained momentum following the 2007-2008 mortgage crisis when Wall Street firms acquired foreclosed homes en masse. In recent years, the…
On December 5, Private Equity Climate Risks released a new report, “Brookfield’s Climate Paradox: Climate Pledges vs. Fossil Fuel Reality.”. The report exposed Brookfield’s fossil fuel investments and emissions and found that the firm’s current investments in fossil…
In the Truthout piece, “Private Equity Is Using Prison Phone, Food and Health Systems to Rack Up Profits,” reporter Derek Seidman examines the major foothold private equity has in the United States prison system. Truthout November 24,…
In The Atlantic piece, “The Secretive Industry Devouring the U.S. Economy,” author Rogé Karma examines how private equity has taken one-fifth of formally publicly-traded companies off the market and effectively hidden them from investors, the media, and regulators.
Tenants call on CalPERS to halt investments in Blackstone due to role in fueling housing crisis Tenants of Blackstone-owned properties spoke at a November 13 meeting of the California Public Employees Retirement System…
In The Atlantic piece, “What Financial Engineering Does to Hospitals,” financial experts Joe Nocera and Bethany McLean dig into the role private equity plays in the healthcare system, specifically, the industry’s targeting of hospitals and the negative impacts…
The Environmental Business Journal interviewed PESP’s Nichole Heil on various projects PESP has worked on in the climate industry, including the Private Equity Climate Risks 2022 Scorecard & Report. Nichole discussed key PESP findings which included that PE firms…
On August 29th, tenants, community members, and faith leaders staged a protest and vigil at the Southern Towers Apartment Complex in Alexandria, Virginia. The action marked the third anniversary since private equity firm…
Brookfield’s Climate Paradox Climate Pledges vs. Fossil Fuel Reality December 2023 report Private equity giant Brookfield Corporation’s vast fossil fuel investments undermine its stated commitment to tackle climate change. With over $850 billion in assets under management—and despite a declared goal…
Report exposes Brookfield’s fossil fuel investments and emissions reality Facts do not square with promises touted by former central banker and net-zero advocate Mark Carney Private equity giant Brookfield Corporation’s vast fossil fuel investments undermine its stated commitment to tackle…
A Progressive Magazine story, “Private Equity’s Green Façade Is Being Funded by Your Pension,” by James Baratta and Ryan Bieber examines how municipalities are facing a double-edged sword when it comes to the decarbonization movement…
Blackstone faces third portfolio company healthcare fraud settlement as DOJ alleges “culture of kickbacks” at TeamHealth Last month, medical staffing firm Team Health Holdings, Inc. and three other defendants agreed to pay nearly $4.4 million to settle allegations of…
