Find more information on the issues deeply affected by private equity investments:
Private equity giant, The Carlyle Group, announced in June it is building a new oil and gas drilling and exploration company in the Mediterranean. The firm kicked off this endeavor with a $945 million acquisition of a portfolio…
In May 2024, Blackstone announced a new program to distribute ownership to employees at all the portfolio companies it acquires in the future. The firm will start by implementing the program at Copeland,…
Each month, PESP’s Healthcare Team will be putting together a roundup that shares the latest news stories related to private equity in healthcare and highlights the work that our team has published in the last month. In the news…
The Private Equity Stakeholder Project (PESP) and the Alliance of Californians for Community Empowerment (ACCE) have published an analysis of private equity giant Blackstone’s profit-seeking practices in California as residents suffer amidst one of the nation’s worst…
Key Points During the first half of 2024, nine private equity-owned healthcare companies have filed for bankruptcy, comprising 23% of all large US healthcare bankruptcies so far this year. Some other private equity-owned healthcare companies have also defaulted on their…
The Private Equity Stakeholder Project announced the release of its latest report, “American Securities Risk Assessment.” This comprehensive report aims to provide pension funds and other institutional investors with critical insights into the risks associated with…
Workers at Industrial Hana, a Guatemalan factory that produced garments for Lucky Brand, were left without a job or legally mandated severance pay when the factory suddenly shuttered in October 2023. Industrial Hana failed to pay$1.56 million in…
Private equity and the drug war In May, the Private Equity Stakeholder Project participated in a panel hosted by Drug Policy Alliance on the topic of privatization and the war on drugs. Private equity firms have profited…
Senator Markey, chair of the Health, Education, Labor, and Pensions (HELP) Subcommittee on Primary Health and Retirement Security, and Congresswoman Jayapal introduced the Health Over Wealth Act, targeting transparency and accountability for private equity firms and for-profit companies in…
Private equity’s role in the US healthcare sector is facing increased scrutiny from researchers, journalists, policymakers, and regulators, spurred by a growing body of evidence documenting its negative effects. Multiple state legislatures[1] and members of Congress[2]…
The Gavin Coal Plant (Gavin) is a 50-year-old 2,600 MW coal-fired power plant in Cheshire, OH,[1] originally developed and constructed by American Electric Power (AEP), an electric utility currently spanning 11 states[2]. Gavin is infamous for…
The New York City Employees Retirement System (NYCERS), the pension fund for New York City employees, recently adopted a Responsible Property Management Standards (RPMS) Policy to support and encourage fair rental practices by investment managers with which…
