Explore the issues
Find more information on the issues deeply affected by private equity investments:
Student debt and defaults at private equity-owned for-profit colleges
From report “Private equity’s failing grade: Private equity investment in for-profit colleges” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) In October 2017, the National Center for Education Statistics (NCES) reported that students who…
Private equity-owned for-profit colleges deemed “not financially responsible” by US Dept. of Education
From report “Private equity’s failing grade: Private equity investment in for-profit colleges” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) The US Department of Education requires colleges and universities to submit audited financial statements…
Who is targeted by for profit colleges?
From report “Private equity’s failing grade: Private equity investment in for-profit colleges” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) The impact of the for-profit college sector, including for-profit colleges owned by private equity…
Trump administration could be a boon for private equity-owned for-profit colleges
From report “Private equity’s failing grade: Private equity investment in for-profit colleges” (Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) Since taking office, Trump-appointed Secretary of Education Betsy DeVos, herself the former chair of…
Private equity’s failing grade: Private equity investment in for-profit colleges
(Written jointly by Private Equity Stakeholder Project and Americans for Financial Reform) For more than a decade, private equity firms have helped drive growth in the for-profit college industry in the United States, acquiring and helping to grow chains…
Despite foreclosure moratorium, Blackstone-owned firm advances some foreclosures in Puerto Rico
In December 2017, the New York Times looked at the role private equity firm The Blackstone Group’s mortgage firm Finance of America is playing in the growing foreclosure crisis in Puerto Rico (The Next Crisis for Puerto Rico: A…
New Jersey State Senator introduces bill to ban investments in firms foreclosing in Puerto Rico
New Jersey State Senate President Pro Tempore M.Teresa Ruiz earlier today introduced a bill (S1914) to prohibit state investments in companies that target victims of Hurricane Maria in Puerto Rico, by pursuing foreclosures – either directly or indirectly – during…
Puerto Rico foreclosures draw protests at TPG, Blackstone offices
In December 2017 and January 2018, community groups and Puerto Rican diaspora groups concerned about TPG Capital’s and The Blackstone Group’s foreclosures in Puerto Rico held protests at TPG’s and Blackstone’s offices. The groups called on Blackstone and TPG…
FundFire: Blackstone, TPG Face New Pressure on Puerto Rico Loans
The Financial Times’ private equity-focused publication FundFire yesterday had a long article (“Blackstone, TPG Face New Pressure on Puerto Rico Loans” (Paywall)) on efforts by community groups and Puerto Rican diaspora groups to get private equity firms TPG Capital…
Judge lets Pennsylvania AG’s “Corrupt Organizations Act” suit against Victory Park Capital for tribal lending scheme move forward
The Pennsylvania Attorney General’s Office in 2014 filed suit against venture capital-backed Think Finance alleging the firm had utilized illegal tribal lending and “rent-a-bank” schemes to circumvent Pennsylvania usury laws. In mid 2017, the Pennsylvania AG added Chicago-based private equity…
