PESP in the News – April 2025

PESP’s work and research into the private equity industry generates significant media coverage in numerous outlets. Scroll down to see where our expertise was featured in April 2025.

Featured coverage

Maine State Pension Lawsuit Highlights Private-Markets Disclosure Debate
Wall Street Journal
April 16, 2025

“State by state, the picture is more one of secrecy than transparency, according to Jim Baker, executive director of nonprofit watchdog the Private Equity Stakeholder Project. “Our experience is that the industry has been pretty aggressive about pushing the trade secret limitation as far as they possibly can,” he said. “I can’t think of many [other] public contracts where it’s impossible to know how much they cost.”

Acquisition of Walgreens a prescription for trouble: Opinion
Crain’s Chicago Business
April 28, 2025

PESP executive director Jim Baker writes on the potential risks of the acquisition of Walgreens by private equity firm Sycamore Partners.

“Sycamore Partners’ track record paints a disturbing picture. This is not a simple business transaction. It’s a potential dismantling of a vital health care provider. Perhaps most concerning is that Sycamore Partners plans to finance the $23.7 billion takeover with up to $18.7 billion in debt — more than double Walgreens’ current debt. This highly leveraged buyout will burden Walgreens with significant financial obligations, inevitably diverting crucial resources away from essential areas such as innovation, workforce training and patient care.”

Private equity owns nearly 25% of Tampa Bay apartments, new research shows
Tampa Bay Times
April 9, 2025

PESP’s new Private Equity Multi-Family Housing Tracker revealed the extent of private equity ownerships of apartments across the US: the industry owns 10% of all apartment units, with ownership concentration reaching even higher in some metros.

Jordan Ash, housing campaign and research director for the Private Equity Stakeholders Project, said that low interest rates during the pandemic provided an opening for these firms to increase their market share. “It’s very clear, their business model is going to be how to make a property more profitable,” he said. “The goal really is to sell the property.”

All coverage

Sen. Warren fears $10B private equity buyout of Walgreens will create ‘pharmacy deserts’
HealthExec
April 29, 2025

Private equity spans the spectrum of health care
Crain’s Chicago Business
April 28, 2025

Private equity in health care puts patients’ lives in danger, studies show
U.S. Right to Know
April 28, 2025

How private equity is reshaping health care
Crain’s Chicago Business
April 28, 2025

DC has more private equity-owned apartments than most metros
Axios Washington D.C.
April 25, 2025

Trailer Parks: The New Frontier for Real Estate Investors
KFI AM 640
April 25, 2025

Let’s talk about private equity in health care
KUNM
April 25, 2025

In the closure of Crozer hospitals, a warning about private equity ownership | Opinion
The Philadelphia Inquirer
April 24, 2025

New report cites ‘harmful effects’ of private equity firms buying nursing homes
Iowa Capital Dispatch
April 24, 2025

Inside America’s Trailer Park Boom: the Big, New Real Estate Trend
Business Insider
April 23, 2025

Report contradicts sector’s attempts to downplay private equity’s role in nursing homes
McKnight’s Long-Term Care News
April 23, 2025

KKR’s Pete Stavros Spearheads Program to Train Company Leaders in Empathy
Bloomberg
April 23, 2025

Divergent Views on Private Equity’s Influence in Nursing Homes Amid Reports of Risky Financial Decisions and Opaque Ownership Structures
Skilled Nursing News
April 23, 2025

National analysis shows private equity owns 20% of NC apartments, thousands in Wilmington
Port City Daily
April 23, 2025

Investors own thousands of apartments in Raleigh NC
Raleigh News & Observer
April 21, 2025

Revolving Door Project | Billionaires and the Trump Admin: Stephen Schwarzman
Revolving Door Project
April 21, 2025

Which North Texas Hospitals Are Owned By Private Equity?
D Magazine
April 18, 2025

Poetic Justice For Private Equity
HoweStreet
April 16, 2025

Private equity firms own about 20% of Richmond-area apartments
Axios Richmond
April 16, 2025

Raleigh has highest concentration of private equity owned apartments in US
Axios Raleigh
April 15, 2025

Sycamore Partners’ plan to takeover Walgreens ‘incredibly risky,’ analyst says
Healthcare Brew
April 15, 2025

Tampa Bay renters struggle as private equity firms buy up apartments
Axios Tampa Bay
April 14, 2025

Private Equity’s Growing Role in Disability Care Demands Urgent Oversight
MedPage Today
April 12, 2025

Nearly a quarter of Tampa Bay apartments owned by private equity, study finds
Spot On Florida
April 10, 2025

Nearly a quarter of Tampa Bay apartments owned by private equity, study finds
WFLA-TV
April 10, 2025

Healthcare deals set to pick up, creating higher return opportunity for lenders
Alternative Credit Investor
April 10, 2025

PE Owns 10 Percent of U.S. Apartments, Study Shows
Mergers & Aquisitions
April 9, 2025

New analysis reveals private equity firms own at least 20% of all North Carolina apartments
CBS 4 Indy
April 9, 2025

New analysis reveals private equity firms own at least 20% of all North Carolina apartments
Fox 40
April 9, 2025

New analysis reveals private equity firms own at least 20% of all North Carolina apartments
KRON 4
April 9, 2025

Public hearings begin over proposed Minnesota Power sale
WDIO ABC
April 8, 2025

At public hearing, BlackRock looms over Allete sale
Duluth News Tribune
April 7, 2025

How Private Equity Owners Add To Florida’s Skyrocketing Housing Costs
Florida Media Now
April 3, 2025

The Bill to Boot Hedge Funds is Back
Multi-Housing News
April 1, 2025

Editorial: Joann folds
The Blade
April 1, 2025