New York Focus : The Private Equity ‘Black Box’ Pours New York Pensions Touting Divestment Into Fossil Fuels
New York Focus November 30, 2022: The Private Equity ‘Black Box’ Pours…
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Find more information on the issues deeply affected by private equity investments:
Almost 90% of Most Distressed Healthcare Companies are Owned by PE Firms
A new report by Moody’s Investors Service has found that healthcare companies in North America are increasingly facing credit rating downgrades and potential defaults, including 34 companies rated B3 negative or lower.[1] PESP has found that 30 of…
Blackstone-owned sanitation company ordered to stop using child labor to clean slaughterhouses
Earlier this month, a US District Court judge in Nebraska granted an injunction sought by the US Department of Labor to halt alleged “oppressive child labor” by Packers Sanitation Services Inc (PSSI)[1], a cleaning company owned by private…
Private Equity-Owned Realtors on San Francisco Chronicle’s List of the Bay Area’s Largest, Most Influential Ownership Networks
“To study property ownership in the Bay Area, the Chronicle combed through millions of unique property and business documents, consulted experts and called on additional data sets, eventually uncovering companies that…
How will private equity firm Blackstone manage headline risk at SERVPRO?
In March 2019, the private equity firm Blackstone Group’s Core Equity Partners Fund acquired SERVPRO, a disaster restoration company with headquarters in Tennessee, for $1 billion.[i] “We look forward to working with SERVPRO and its franchisees…
New Climate Risks Scorecard Outlines Clear Demands of the Private Equity Industry
PESP and Americans for Financial Reform Education Fund (AFREF) released the Private Equity Climate Risks Scorecard which provides first-of-its-kind research and analysis of eight private equity firms with some of the largest energy…
Private Equity Climate Risks Briefing
Americans for Financial Reform Education Fund (AFREF) and the Private Equity Stakeholder Project (PESP) released their NEW scorecard that sheds light on eight of the largest private equity firms in the world, their collective holdings of billions of dollars…
Private Equity Climate Risks: Scorecard 2022
The Carlyle Group, Warburg Pincus, and KKR are the top three offenders on climate among private equity firms, continuing to invest in polluting industries and exposing investors to significant climate-related risk, according to a new…
Private equity firms now rank among the largest owners of US subsidized affordable housing properties
In the last few years, private equity firms including The Blackstone Group and Starwood Capital have become some of the largest owners of subsidized affordable housing in the United States, acquiring apartment properties with more than 138,000 units backed by…
PESP Testifies with ACRE and Other Advocates at House Financial Services Hearing
Private Equity Stakeholder Project Executive Director Jim Baker joined with representatives from the Action Center on Race and the Economy (ACRE) and the Georgia Institute of Technology at the US House Committee on Financial Services: Where Have…
Modern Healthcare: Why the Justice Department is targeting private equity
In another investigative piece on private equity’s “insatiable appetite for healthcare in recent years”, Modern Healthcare reported how the DOJ has won more than $43 million in settlement proceeds from private equity defendants across at least five such cases. Modern…
