Find more information on the issues deeply affected by private equity investments:
New Jersey State Senate President Pro Tempore M.Teresa Ruiz earlier today introduced a bill (S1914) to prohibit state investments in companies that target victims of Hurricane Maria in Puerto Rico, by pursuing foreclosures – either directly or indirectly – during…
In December 2017 and January 2018, community groups and Puerto Rican diaspora groups concerned about TPG Capital’s and The Blackstone Group’s foreclosures in Puerto Rico held protests at TPG’s and Blackstone’s offices. The groups called on Blackstone and TPG…
The Financial Times’ private equity-focused publication FundFire yesterday had a long article (“Blackstone, TPG Face New Pressure on Puerto Rico Loans” (Paywall)) on efforts by community groups and Puerto Rican diaspora groups to get private equity firms TPG Capital…
Recently, private equity firms Blackstone Group and TPG Capital drew media attention for foreclosing on homeowners in hurricane-ravaged Puerto Rico. From the New York Times, Dec 16, 2017, “The Next Crisis for Puerto Rico: A Crush of Foreclosures”: “Blackstone…
Last week, community and Puerto Rican diaspora groups sent a letter to New York State Comptroller Thomas DiNapoli asking him to hold off on further investments with private equity firms TPG Capital and Blackstone Group until they halt foreclosures in…
Earlier this week Julio López Varona, the lead signer on recent letters to Blackstone and TPG Capital calling on them to halt foreclosures in Puerto Rico and provide a path for families to stay in their homes, wrote…
An article from Huffington Post, “Prestige Predators: Private Equity Cashes In On Payday Lending” features our new report Private Equity Piles into Payday and Other Subprime Consumer Lending, put together in collaboration with Americans for Financial Reform and…
From report “Private equity piles into payday lending and other subprime consumer lending” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) New York-based private equity firm Warburg Pincus acquired installment lender Mariner Finance in…
From report “Private equity piles into payday lending and other subprime consumer lending” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) Community Choice Financial (CCFI) was formed in 2011 by CheckSmart, owned by private…
From report “Private equity piles into payday lending and other subprime consumer lending” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) In recent years, a number of tech-enabled, venture capital-funded startups have sought to…
From report “Private equity piles into payday lending and other subprime consumer lending” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) Chicago-based private equity firm Victory Park Capital, which features former US Senator Joe…
