Explore the issues
Find more information on the issues deeply affected by private equity investments:
The New Yorker: What Happens When Investment Firms Acquire Trailer Parks
“Do you remember the old eighties game Mouse Trap?” The New Yorker follows the harrowing journey of one mobile-home resident’s fight against the inequities and sorrow caused by investment firms’ increasing ownership of manufactured home communities. New Yorker,…
Reuters: How Private Equity Squeezes Cash From the Dying U.S. Coal Industry
Reuters reported recently on several U.S. private equity firms that have bought coal plants, despite the industry’s decline, using a strategy in markets where regulators pay to be on standby for emergency power capacity. In a March 2, 2021,…
Blackstone a Repeat Offender in Health Care Fraud Settlements
Last week, the Blackstone Group made headlines for extracting hundreds of millions of dollars from a health care company accused of fraud and then cashing out further by taking it through an IPO. Blackstone is a repeat offender when…
The Washington Post: How Private Equity Extracted Hundreds of Millions of Dollars from a Firm Accused of Medicare Fraud
The Washington Post on Monday detailed how private equity Blackstone’s ability to extract so much money out of Apria Healthcare is an example of how the profits flowing to private equity owners can be disconnected from the realities of…
At G4S Global Alliance Forum, Private Equity Stakeholder Project Briefs Employee Representatives From Around the World of Risks Related to Private Equity Takeover of Security Firm
PESP Executive Director Jim Baker was a guest speaker at UNI Global Union’s annual G4S Global Alliance forum, highlighting the amount of debt the British multinational will have if it is over by private equity firm Warburg Pincus and…
Private Equity Health Care Acquisitions – February 2021
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…
Toronto Star: Why a Canadian Crown Corporation is Banking on the Downfall of the American Dream
Using very moving, sometimes chilling examples of the consequences faced by ordinary families who live in single family rental housing owned by private equity and big corporate firms, The Toronto Star presents arguments on how that industry “is structurally…
Oaktree Capital Co-Chairman Buys $26m Mansion as His Firm Files to Evict Hundreds of Residents in Arizona, Nevada
Private equity and debt firm Oaktree Capital owns thousands of apartments around the US. Despite the CDC eviction moratorium, affiliates of Oaktree Capital have continued to file and advance residential eviction cases. Oaktree Capital affiliates have filed at least 270…
Despite CDC Moratorium, Private Equity Firms and Other Large Landlords Have Filed to Evict More Than 16,000 People In First Two Months Of 2021
Outsized Impact on Marginalized Communities Private equity firms and other corporate landlords have filed to evict more than 16,000 people in the first two months of 2021 even with a nationwide eviction moratorium ordered by the Centers for Disease Control…
New Study Finds that Private Equity Ownership of Nursing Homes Substantially Increased Mortality, Decreased Patient Well-Being
A new academic study has found that private equity ownership of nursing homes has disquieting impacts on operations and patient care, including increasing the mortality of Medicare patients by 10%. Drawing from data reported by the Centers for Medicare…
Bloomberg: Private Equity Loses Its Shield as U.S. Cracks Down on Fraud
Announcing a new report by the Private Equity Stakeholder Project, Bloomberg reports how private equity’s increasing reach in the taxpayer-funded healthcare sector has exposed them to false-claims actions “where corporate whistle-blowers bring allegations of civil fraud to the attention of…
