PESP supports striking NYC nurses
PESP response to NY nurse strike Private equity and the need for better pay and safer staffing in the nursing field 7,000 nurses from two NYC hospitals went on strike Monday, calling for…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
Kroger-Albertsons merger, dividend could line private equity pockets at the expense of consumers
In October 2022, grocery giant Kroger announced plans to buy competitor Albertsons for $24.6 billion. Albertsons announced an additional $4 billion dividend payout to investors, which would primarily go to a group of private equity and…
Atlanta News Station Runs Series Featuring Ongoing Tenant Problems with Progress Residential
Since September 2022, Atlanta-based journalism outlet 11Alive News has been publishing a series of televised news stories about ongoing issues Progress Residential. Owned by private equity group Pretium…
Homes Guarantee Proposed Executive Order Would Require Rent Control and Tenant Protections at Many Large Private-Equity owned Apartments
People’s Action’s Homes Guarantee campaign has drafted an executive order for President Biden, with the hopes of addressing the nation’s housing crisis. The executive order draft was signed by over 250 organizations including the Private Equity Stakeholder Project.
The Washington Post: Rising rents were a crisis for tenants. For landlord Starwood, they were a gift.
The Washington Post found that apartments sold to private investors and real estate trusts rose from 44 percent in 2011 to 70 percent in early 2022, with few benefiting more than Starwood Capital Group. Over the past seven years,…
The Terrible Gets Worse at Blackstone’s Packer’s Sanitation
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), a cleaning company owned by private equity firm…
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…
Private Equity Health Care Acquisitions – December 2022
In light of the growing 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…
KKR’s investors should be asking questions around Envision Healthcare bankruptcy risk
With Envision Healthcare at risk for bankruptcy, limited partners invested with KKR should be asking questions In 2018, KKR’s Americas Fund XII acquired Envision Healthcare[1] for $9.9 billion via a leveraged buyout[2] that used about $7…
PESP’s Latest Housing Report on North Carolina Public Pension System’s Relationship with Landmark Partners and the Single Family Rental Industry Garners Coverage in NC Media
A new PESP report detailing the North Carolina Retirement System’s (NCRS) history of investing over $3.2 billion in the private equity firm Landmark Partners has gained media coverage by the NC press. WUNC reported how PESP lays out Landmark Partners’…
Merkley Act Bans Hedge Funds and Private Equity from Owning Large Numbers of Homes
There has been substantial media coverage of Oregon Senator Jeff Merkley’s introduction of legislation aimed at limiting hedge fund and private equity ownership of residential housing. KZTV, November 30, 2022: Merkley introduces bill to ban hedge fund ownership of…
Tenants Fight Back Against CIM Group
“That has put tenants and landlords on a collision course. The battle between the Southern Towers tenants and CIM could presage what’s to come across America.” A recent Insider article detailed problems at the Southern Towers apartment complex in Northern…
