Instar-owned Windmill Farms faces risks from ongoing labor dispute
A labor dispute covered in blogs from December 2023 and March 2024, continues to plague Instar-owned Windmill Farms, as Instar and Windmill Farms have refused to meet with…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
BlackRock-GIP merger and ALLETE deal raise concerns from MN AG
BlackRock, the world’s largest asset manager, with $10 trillion in assets under management, announced its plans to acquire private equity firm Global Infrastructure Partners (GIP) in January of this year. The $12.5 billion deal would be BlackRock’s largest…
Private equity-backed companies union busting at higher rate than peers
As more workers petition to form unions, employers are turning to union avoidance firms and anti-union persuaders. Union busting firms use tactics like creating anti-union literature and holding captive audience meetings where workers are discouraged from…
Developer of GIP’s Rio Grande gas terminal sees stock plummet by 40%, cancels carbon capture
Developer of GIP’s Rio Grande LNG project sees stock price drop The developer of Global Infrastructure Partners’ (GIP) proposed Rio Grande LNG terminal, NextDecade, saw its stock plummet by over 40% after a court ruling overturned the project’s…
Ohio Capital Journal : Watchdog raises alarm about politically connected Ohio coal plant
The Gavin coal plant along the Ohio River, owned by the politically-connected private equity firm Blackstone, is losing money and poses significant environmental liabilities. The plant, owned by Blackstone and ArcLight Capital Partners, is considered the deadliest coal plant…
Common Dreams op-ed: Expensive, Deadly, and 50 Years Old
Common Dreams recently published an op-ed by PESP climate director Alissa Jean Schafer on the dangers of the Blackstone-owned Gavin Coal Plant in Ohio. The world’s largest private equity firm owns one of the US’s largest and dirtiest…
PESP applauds Department of Justice action against private equity-owned RealPage
Today, the Department of Justice and eight states including California and North Carolina filed a lawsuit against RealPage, the controversial private equity-owned real estate software company. The lawsuit accuses RealPage of enabling collusion among landlords to engage…
Private Equity Healthcare Acquisitions – July 2024
In light of continued investor interest in healthcare and the risks associated with private equity ownership of healthcare companies, the Private Equity Stakeholder Project is tracking private equity-backed healthcare acquisitions. Below is a list of private equity healthcare buyouts,…
LA Tenants Union testifies about harassment in apartments financed by TPG
In 2019, TPG Real Estate Finance Trust (which is under TPG Capital) gave K3 Holdings, a real estate investment firm, the financial backing to purchase over 400 housing units across 14 Los Angeles multi-family properties.
Warren, Blumenthal cite PESP in letter on veterinary care acquisition
In a letter to JAB Holding Company sent August 6, 2024, Senators Elizabeth Warren (D-MA) and Richard Blumenthal (D-CT) slammed the firm for its role in the rapid consolidation of veterinary care in the United States.[1] JAB…
U.S. healthcare industry should be wary of private equity’s acquisition of Steward Health Care physician network
Statement from Mary Bugbee, Healthcare Director at the Private Equity Stakeholder Project (PESP), on the announcement that Steward Health Care will sell its physician network to Rural Healthcare Group, an affiliate of the private equity firm Kinderhook Industries. Kinderhook …
PESP and CEPR highlight need for regulatory changes to protect consumers from private equity-owned debt collectors
The Private Equity Stakeholder Project (PESP) and the Center for Economic and Policy Research (CEPR) have jointly submitted a public comment letter to the Consumer Financial Protection Bureau (CFPB) regarding the proposed amendment…
