Find more information on the issues deeply affected by private equity investments:
NPR followed the plight of a single mom who owed less than $1,200 when she got evicted, yet ending up losing a home she owned outright and had lived in for 16 years. NPR, Apr 16, 2021: Losing It…
Addressing calls to step up enforcement of the Centers for Disease Control and Prevention’s national ban on evictions, the Consumer Financial Protection Bureau announced an interim rule on Monday that will allow tenants to sue debt collectors that violate…
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…
With the Consumer Financial Protection Bureau and the Federal Trade Commission announcing an investigation into the eviction practices of “major multistate landlords, eviction management services, and private equity firms” that are forcing people out of their homes despite government…
An independent analysis of financial disclosures by the embattled safety net hospital chain Prospect Medical Holdings reveals that the chain is in a precarious financial position. Prospect Medical Holdings has been majority-owned by private equity firm Leonard Green &…
On March 25, the House Ways and Means Subcommittee on Oversight hosted a hearing examining Private Equity’s expanded role in U.S. health care. Subcommittee Chair Rep. Bill Pascrell opened up the hearing declaring, “It’s past time for a bright…
Private equity firm BC Partners has siphoned off billions of dollars from PetSmart, while leaving its workforce underpaid, overworked, and exposed to COVID-19. In 2015, BC Partners acquired PetSmart, the largest pet store chain in North America with over 1,600…
Bloomberg reported that corporate landlords controlled by Pretium Partners LLC have sought evictions for unpaid rent against 1,300 residents in seven states, seeking to evict thousands of cash-strapped tenants despite a federal moratorium. Bloomberg, Apr 14, 2021: Private…
Kolhberg Kravis Roberts’ (KKR’s) energy portfolio has exposed investors to the risks of fossil fuels, with energy funds posting negative returns, portfolio companies filing for bankruptcy and valuations sinking under COVID-19’s impacts on oil demand and pricing. At the same…
The Private Equity Stakeholder Project (PESP) published a report today detailing how Progress Residential and Front Yard Residential, owned by private equity firm Pretium Partners, have filed to evict more than 1,300 residents during the COVID-19 pandemic, with the companies…
The Washington Post reports on Treasury Department officials being given nearly $50 billion in emergency aid for renters who have fallen behind, and are racing to distribute it through hundreds of state, local and tribal housing agencies, some of which…
Politico reports on private equity firms spending nearly $154 billion on oil, gas and coal since 2010. These firms aren’t required to disclose to regulators their holdings or risks, and any information such funds release to their investors is subjective…
