Explore the issues
Find more information on the issues deeply affected by private equity investments:
Bloomberg: HIG Settles Fraud Case for $20 Million in Wall Street Crackdown
Three years after Massachusetts Attorney General Maura Healey filed a civil fraud case alleging that HIG disregarded an employee’s complaint that behavioral healthcare provider Community Intervention Services (CIS) was using unsupervised, unlicensed therapists to care for patients, private equity firm…
Nurse Testifies to US Senate about Private Equity’s Impact on Safety Net Hospital Company Prospect Medical Holdings
Peggy Malone, RN, has been a nurse for 32 years, all of them at the Crozer-Chester Medical Center in Upland PA. She testified at the October 20, 2021, U.S. Senate Committee on Banking, Housing and Urban Affairs hearing “Protecting…
Pandora Papers Investigation Reveals How PE Firm Pensam Capital Invested Money from a Troubled Roman Catholic Order in US Apartment Buildings that Evicted Residents During the Pandemic
International Consortium of Investigative Journalists, October 5, 2021: As Catholic order fought sex abuse claims, secret trusts devoted to it poured millions into American rental properties The International Consortium of Investigative Journalists (ICIJ) and 150 media partners recently…
PESP and Cornell ILR Forum: Workers Challenging Private Equity to Create Good Jobs
The Private Equity Stakeholder Project and the Cornell ILR Worker Institute hosted an online forum on October 21 that featured workers employed by private equity-owned companies, speaking out about how they are standing up and fighting for good jobs. …
The New Yorker: The Migrant Workers Who Follow Climate Disasters
The New Yorker has reported on another industry in which private equity has been quietly investing. According to the outlet: In the past five years, private-equity firms have acquired dozens of disaster-restoration companies. In 2019, Blackstone, one of the world’s…
The New Republic: Private Equity Is Quietly Keeping Fossil Fuel Companies in Business
The New Republic reported that “actual private equity investments frequently don’t align with their climate-friendly public posturing.” The New Republic, October 14, 2021: Private Equity Is Quietly Keeping Fossil Fuel Companies in Business Covering the Private Equity Stakeholder Project’s…
With Moratorium Gone, Corporate Landlords Steadily Increase Eviction Actions
Since the start of the pandemic, private equity firms and other corporate landlords have filed to evict more than 124,000 families in counties throughout Georgia, Florida, Texas, Arizona, Tennessee, and Nevada. These eviction actions took place despite the existence of…
Toronto Star: Top public pension boss accused by critic of misleading stakeholders in annual address
The Toronto Star reported how the top executive of the Public Sector Pension Investment Board (PSP), which manages the retirement funds of most Canadian federal employees, defended a controversial $700 million investment with private equity firm Pretium Partners in single-family…
Denver Post: Four corporate owners generate a quarter of complaints from Colorado’s mobile home residents
Four private equity-owned mobile home companies were the subject of a recent investigative report by the Denver Post. Denver Post, September 23, 2021: Four corporate owners generate a quarter of complaints from Colorado’s mobile home residents They include RHP…
Bangor Daily News: Century-old Maine fuel company’s sale follows trend of private equity interest in oil
At a time when Maine and the country are taking actions to reduce fossil fuels in the face of climate change, with a gubernatorial climate action plan aiming to reach 80 percent renewable energy statewide by 2030, the Bangor…
