Find more information on the issues deeply affected by private equity investments:
In a recent investigation NBC News spotlighted Roark Capital, owner of Inspire Brands — the parent company of fast-food chains such as Arby’s, Dunkin’, Baskin-Robbins, Sonic, Cinnabon and Seattle’s Best Coffee. NBC News estimated that more than 700,000 people work…
Three years after Massachusetts Attorney General Maura Healey filed a civil fraud case alleging that HIG disregarded an employee’s complaint that behavioral healthcare provider Community Intervention Services (CIS) was using unsupervised, unlicensed therapists to care for patients, private equity firm…
Peggy Malone, RN, has been a nurse for 32 years, all of them at the Crozer-Chester Medical Center in Upland PA. She testified at the October 20, 2021, U.S. Senate Committee on Banking, Housing and Urban Affairs hearing “Protecting…
The Private Equity Stakeholder Project and the Cornell ILR Worker Institute hosted an online forum on October 21 that featured workers employed by private equity-owned companies, speaking out about how they are standing up and fighting for good jobs. …
Since the start of the pandemic, private equity firms and other corporate landlords have filed to evict more than 124,000 families in counties throughout Georgia, Florida, Texas, Arizona, Tennessee, and Nevada. These eviction actions took place despite the existence of…
From our testimony for the Senate Banking Committee hearing on “How Private Equity Landlords are Changing the Housing Market”: WHY ARE MASSIVE INVESTORS BUYING INTO MANUFACTURED HOMES NOW? Over the past 20 years, manufactured home communities increasingly have gone…
The Stop Wall Street Looting Act and other reforms are critical to address the growing impacts that private equity firms have on workers, tenants, healthcare consumers, communities and climate change. In recent years, the private equity industry has grown dramatically. …
The Private Equity Stakeholder Project (PESP) has submitted testimony for the U.S. Senate Banking Committee Economic Policy Subcommittee October 20 hearing: “Protecting Companies and Communities from Private Equity Abuse.” PESP’s written testimony for the US Senate Banking…
Private equity firm H.I.G. Capital has agreed to pay $20 million to settle allegations of Medicaid fraud brought by the US Department of Justice (DOJ) and the Massachusetts Attorney General. Attorney General Maura Healy said it was the largest…
In light of the growing investor interest in health care and the risks associated with private equity ownership of health care companies, the Private Equity Stakeholder Project will be tracking private equity-backed health care acquisitions. Below is a list…
In January 2021, private equity firms Pretium Partners and Ares Management acquired Front Yard Residential/ Havenbrook Homes for an estimated $2.5 billion making this deal the Single-Family Rental industry’s first public-to-private transaction.[1] Pretium Partners now owns an estimated 66,000…
The Pennsylvania Public Schools Employees Retirement System, a $70 billion pension fund that oversees pensions for more than 500,000 working and retired teachers and other school workers, voted almost unanimously against a recommendation of investing another $25 million into one…
