PESP in the News – May 2025

June 11, 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 May 2025.

Featured coverage

Rio Grande LNG Expansion: a Lose-Lose Proposition: Opinion
Common Dreams
May 26, 2025

PESP’s Ryan Leitner writes about why the Rio Grande LNG expansion is “a lose-lose proposition.”

“[The Rio Grande LNG] jeopardizes the health and environment of frontline communities, threatens local economies and endangered wildlife, and exposes investors to financial and reputational risks. The path forward demands a just transition to clean energy that respects both people and the planet. Investors in Global Infrastructure Partners and its parent company BlackRock can limit the harms associated with this project. Potential investors with each company should decline to invest in the expansion of the Rio Grande LNG terminal for the sake of local residents, the region’s economy, and returns on investments.”

One-tenth of US apartments owned by private equity
Multifamily Dive
May 29, 2025

Coverage of PESP’s Multi-Family Housing Tracker continued in May.

“At a minimum, private equity firms own over 2.2 million apartment units at 8,200 properties across the country, including projects in development but not yet occupied — roughly 10% of the entire U.S. apartment stock, according to an analysis of property data from the Chicago-based Private Equity Stakeholder Project.

Out of 121 firms included in the analysis, New York City-based Blackstone is the largest private equity apartment owner, with over 230,000 apartment units owned. The company accounts for over one-tenth of total private equity ownership in the U.S., according to the PESP.”

Private equity snaps up disability services, challenging state regulators
Stateline
May 16, 2025

“People with intellectual or developmental disabilities have suffered abuse, neglect and even death while under the care of private equity-owned providers, according to a recent report from watchdog group Private Equity Stakeholder Project. ‘Private equity firms are, more than many other types of investors, laser-focused on maximizing their cash flow, often trying to double or triple their investment over a relatively short period of time, usually just a handful of years,” said Eileen O’Grady, the report’s author. “The way that private equity firms will often do that is to cut costs.’”

Private equity investors in Pa. health care don’t prioritize patients, critics say
Spotlight PA
May 13, 2025

“Michael Fenne: We wanted to identify the scope of private equity’s presence in an area that had already experienced its risks. Pennsylvania has been the site of multiple closures in recent years of hospitals connected to private equity, most recently including two Crozer hospitals which had been affiliated with Prospect Medical Holdings, formerly owned by private equity firm Leonard Green & Partners. Despite those risks, there’s a real lack of transparency around private equity investments generally. Private equity firms … don’t have the same kind of reporting requirements that publicly traded companies on a stock exchange would have. We found approximately 900 locations for health care providers owned by [private equity] in just the Philadelphia area, but considering how difficult it can be to identify private equity-owned companies, we expect that number to actually be larger.”