Find more information on the issues deeply affected by private equity investments:
ViaPath Technologies, a prison telecom provider owned by private equity firm American Securities, is currently seeking a reported $1.45 billion refinancing led by Texas Capital Bank. Further reporting suggests ViaPath and TCB are seeking funding from private credit…
Introduction In June, eleven attorneys general (AG) submitted a letter to the federal government outlining how private equity in U.S. healthcare can harm patients and workers. The signatories were the AGs from California, Connecticut, Delaware, Illinois, Minnesota, New Jersey,…
The largest public pension fund in the United States, the $500 billion California Public Employees Retirement System (CalPERS), began implementing its policy to address subpar labor practices at some of its private equity firms’ portfolio companies. During the…
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,…
In a groundbreaking development, the Private Equity Stakeholder Project (PESP), with members of the Carrizo Comecrudo Tribe and South Texas Environmental Justice Network, convened an in-person meeting with private equity firm Global Infrastructure Partners (GIP) to discuss the firm’s backing…
A new report from the Private Equity Stakeholder Project explains the corporate pillaging that led Steward Health Care to declare bankruptcy in May 2024. The report details how private equity firm Cerberus Capital Management, aided by hospital landlord…
On June 11, 2024 U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.) introduced the Corporate Crimes Against Health Care Act of 2024 to root out corporate greed and private equity abuse in the health care system.
In May, Red Lobster announced it filed for Chapter 11 bankruptcy, closed dozens of stores, and would be selling all its assets.[1] CEO Jonathan Tibus, who was brought in as a restructuring advisor, was quick to…
The Private Equity Stakeholder Project submitted a letter calling on the FTC and the DOJ to block the proposed merger of asset manager giant BlackRock and private equity firm Global Infrastructure Partners (GIP). The merger appears to be…
On June 5, in capitulation to the outcry from the private equity industry, the 5th U.S. Circuit Court of Appeals struck down[1] the Private Fund Advisors rule promulgated by the Securities Exchange Commission (SEC).
Once again, landlords associated with the property management software RealPage find themselves in hot water. On May 22nd, the FBI raided Cortland Management, an Atlanta-based multifamily property developer.
The first-ever Private Equity Energy Tracker was just updated by the Private Equity Climate Risks data consortium project. First released in February of 2024, the Energy Tracker showcases a list of the energy holdings of 21…
