Find more information on the issues deeply affected by private equity investments:
Real Change wrote how “Over the past decades, the Washington State Investment Board (WSIB), which manages the pensions of state employees, has invested billions into fossil fuel companies. According to the environmental group Stand.earth, the WSIB owns at…
On March 1, 2022, President Joe Biden gave his first State of the Union address. Included in this speech was a long section focused on private equity’s impact on patient care in nursing homes. “As Wall Street firms take over…
On January 26, the Security and Exchange Commission (SEC) voted to propose amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. The proposed amendments are designed to enhance the Financial Stability Oversight Council’s…
In July 2019, private equity firm Platinum Equity reported using two placement agents, VolcomCapital SA and Magenta Capital Services Ltd., to raise capital from non-US investors for Platinum Equity Capital Partners V.[i] VolcomCapital was founded by Sebastián Piñera…
Private equity firm Platinum Equity owns Aventiv Technologies, the parent company of prison and jail phone and communications company Securus, as well as JPay and AllPaid, which provide money transfer services for incarcerated people and their families. Worth Rises’…
Resilience Force has been working for the last two years with workers employed by SERVPRO franchisees and their subcontractors, and other disaster recovery companies. SERVPRO is a Blackstone-owned disaster restoration company with a track record of high-risk practices that…
Private equity firm KKR recently acquired a majority stake in Refresco, the world’s largest independent bottling company. Refresco produces beverages such as BodyArmor Sports Drink for Coca-Cola, Gatorade for Pepsi, Arizona Iced Tea, and Tropicana juices. KKR touts its…
The private equity industry has pumped hundreds of billions of dollars into fossil fuel companies with minimal public scrutiny. The Carlyle Group has one of the largest portfolios of dirty energy companies among the diversified private equity firms, as…
Large private equity firms have continued to leave a major economic footprint in the healthcare industry. Since 2009, private equity investment in healthcare has outpaced the rate of private equity investments in general. According to data provider Pitchbook, investment in…
The State of Massachusetts is suing private-equity-owned Aspen Dental Management for deceptive practices, alleging that the company has “has cheated thousands of Massachusetts consumers through a series of bait and switch dental advertising campaigns in a variety of media,…
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…
A special report in The American Prospect examined the tumultuous history of a string of private equity investors in coal-fired power plant Longview Power. The article says, “The coal plant’s roller-coaster history is a testament to the enduring appeal of…
