Explore the issues
Find more information on the issues deeply affected by private equity investments:
CBS’ 60 Minutes Investigates Private Equity’s Impact on Democracy: “Local newsrooms strained by budget-slashing financial firms”
60 Minutes reported how hedge funds and other financial firms – including private equity – now own nearly a third of the daily newspapers in the US. These new owners “are often committed not to headlines and deadlines, but to…
Video: Cheesecake Factory Workers and Private Equity Firm Roark Capital
More Perfect Union’s latest video shows when private equity firms come in, workers can suffer. Cheesecake Factory workers spoke with More Perfect Union, describing their working conditions when their employer was owned by private equity firm Roark Capital. The…
Prospect Medical Holdings Continues to Sell Off Its Hospitals, Leaving Patient Care in Question
The Philadelphia Inquirer in February reported on Prospect Medical Holdings’ agreement to sell financially troubled Crozer Health after making deep cuts to staffing. The Philadelphia Inquirer, February 10, 2022: Prospect Medical has preliminary deal to sell Crozer Health The…
Tenants Testify to US Senate about “Horrible Conditions” at Pretium Partners-Owned Rental Homes
In January the US Senate Committee on Banking, Housing, and Urban Affairs hosted a virtual briefing and listening session with renters from across the country to hear about their experiences living in rental properties owned by large corporate owners,…
Jayapal Introduces the Healthcare Ownership Transparency Act to Protect Seniors in Nursing Homes from Private Equity
Following a National Bureau of Economic Research study that found a 10 percent increased mortality rate of patients at private equity-owned nursing homes, U.S. Representative Pramila Jayapal earlier this month introduced the Healthcare Ownership Transparency Act, which will…
Private Equity Health Care Acquisitions – January 2022
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…
Counterpunch: From the Kingpins of Private Equity, A New Dagger to Democracy
Institute for Policy Studies associate fellow Sam Pizzigati asked if democracy in the United States could be disappearing and called the private equity industry a danger to American democracy. Counterpunch, February 22, 2022: From the Kingpins of Private Equity,…
Bloomberg Businessweek: Wall Street Is Buying Starter Homes to Quietly Become America’s Landlord
Bloomberg looked at how private equity money pouring into single family home purchases is turning first-time homebuyers into renters. Bloomberg Businessweek, February 18, 2022: Wall Street Is Buying Starter Homes to Quietly Become America’s Landlord It…
Carlyle’s Net Zero Announcement Masks Significant, Ongoing Fossil Fuel Investments
The Carlyle Group announced on February 1st that the firm has set a net zero by 2050 goal while also setting “near-term climate goals” in order to carry out immediate action on reductions to emissions. The announcement lacks in…
The American Prospect and Reuters Cover PESP’s Report on How Private Equity Profits Off of Behavioral Health Services for Vulnerable and At-Risk Youth
After reporting extensively on private equity’s impact, David Dayen of the American Prospect concluded from PESP’s latest report on behavioral health services for vulnerable youth: “Private equity’s goal isn’t to provide a safe and comfortable environment for those in its…
Pretium Partners’ and Ares Management’s Havenbrook Homes sued by Minnesota Attorney General for “shameful,” “deceptive,” and “fraudulent” practices in failing to repair and maintain rental homes
On February 10, 2022, Minnesota Attorney General Keith Ellison announced that he had filed a lawsuit against Havenbrook Homes, Front Yard Residential, and Pretium Partners, which collectively own more than 600 single-family residential rental properties in Minnesota. The lawsuit…
