Private Equity Stakeholder Project
@pestakeholder.bsky.social
Uplifting the voices of workers, communities, tenants, and others impacted by private equity. Est 2017.
The settlement is a “big deal” for renters, said K Agbebiyi of the nonprofit Private Equity Stakeholder Project. “This places doubt about the long-term stability of RealPage, when the largest landlord in the country is banned from using them.”
Giant landlord settles with California for colluding on rents in L.A. and elsewhere
Large apartment landlord settles rent-fixing lawsuit
www.latimes.com
November 25, 2025 at 10:49 PM
The settlement is a “big deal” for renters, said K Agbebiyi of the nonprofit Private Equity Stakeholder Project. “This places doubt about the long-term stability of RealPage, when the largest landlord in the country is banned from using them.”
Carlyle’s fossil-fuel strategy is running out of runway: failed acquisitions abroad, portfolio losses at home, and leadership churn.
Investors should ask: why does Carlyle keep chasing overseas assets even after repeated failures?
🔗 pestakeholder.org/news/carlyle...
Investors should ask: why does Carlyle keep chasing overseas assets even after repeated failures?
🔗 pestakeholder.org/news/carlyle...
November 24, 2025 at 7:19 PM
Carlyle’s fossil-fuel strategy is running out of runway: failed acquisitions abroad, portfolio losses at home, and leadership churn.
Investors should ask: why does Carlyle keep chasing overseas assets even after repeated failures?
🔗 pestakeholder.org/news/carlyle...
Investors should ask: why does Carlyle keep chasing overseas assets even after repeated failures?
🔗 pestakeholder.org/news/carlyle...
NEW: Our labor team's latest research examines the case of West Contra Costa Unified School District in Richmond, CA, where outsourced private equity-owned special education providers are receiving millions of dollars in taxpayer money while students with disabilities receive less attention.
Research reveals skyrocketing cost of outsourcing at Bay Area school district
Outsourcing to private equity-owned contractors at West Contra Costa Unified School District cost taxpayers nearly $6M
pestakeholder.org
November 21, 2025 at 9:12 PM
NEW: Our labor team's latest research examines the case of West Contra Costa Unified School District in Richmond, CA, where outsourced private equity-owned special education providers are receiving millions of dollars in taxpayer money while students with disabilities receive less attention.
Private equity is creeping into sports and leisure.
TopGolf gets sold off. The Big Ten is weighing a PE deal.
If the PE playbook stays the same, fans and players should brace for more nickel-and-diming and less of what makes these games ours.
www.golfdigest.com/story/callaw...
TopGolf gets sold off. The Big Ten is weighing a PE deal.
If the PE playbook stays the same, fans and players should brace for more nickel-and-diming and less of what makes these games ours.
www.golfdigest.com/story/callaw...
Callaway sells Topgolf for $1.1 billion
Callaway has agreed to unload its majority stake in Topgolf for over $1 billion.
www.golfdigest.com
November 20, 2025 at 7:36 PM
Private equity is creeping into sports and leisure.
TopGolf gets sold off. The Big Ten is weighing a PE deal.
If the PE playbook stays the same, fans and players should brace for more nickel-and-diming and less of what makes these games ours.
www.golfdigest.com/story/callaw...
TopGolf gets sold off. The Big Ten is weighing a PE deal.
If the PE playbook stays the same, fans and players should brace for more nickel-and-diming and less of what makes these games ours.
www.golfdigest.com/story/callaw...
Private equity is reshaping healthcare. States are pushing back.
PESP’s new report tracks where reforms passed, where they stalled, and which states are considering new rules.
Full report: pestakeholder.org/reports/2025...
PESP’s new report tracks where reforms passed, where they stalled, and which states are considering new rules.
Full report: pestakeholder.org/reports/2025...
November 20, 2025 at 4:23 PM
Private equity is reshaping healthcare. States are pushing back.
PESP’s new report tracks where reforms passed, where they stalled, and which states are considering new rules.
Full report: pestakeholder.org/reports/2025...
PESP’s new report tracks where reforms passed, where they stalled, and which states are considering new rules.
Full report: pestakeholder.org/reports/2025...
Private equity–backed gas plants span the globe.
PE firms now control a worldwide fleet of operating and planned gas plants, deepening fossil fuel dependence across developed and emerging economies.
🔗 peclimaterisks.org/private-equity-gas-fleet
PE firms now control a worldwide fleet of operating and planned gas plants, deepening fossil fuel dependence across developed and emerging economies.
🔗 peclimaterisks.org/private-equity-gas-fleet
November 20, 2025 at 2:48 AM
Private equity–backed gas plants span the globe.
PE firms now control a worldwide fleet of operating and planned gas plants, deepening fossil fuel dependence across developed and emerging economies.
🔗 peclimaterisks.org/private-equity-gas-fleet
PE firms now control a worldwide fleet of operating and planned gas plants, deepening fossil fuel dependence across developed and emerging economies.
🔗 peclimaterisks.org/private-equity-gas-fleet
Just weeks before Thanksgiving, Walgreens' new private equity owners Sycamore Partners cut paid holidays for hundreds of thousands of its lowest-paid workers. pestakeholder.org/news/walgree...
Walgreens’ new PE owners cut worker holidays ahead of Thanksgiving
Move mirrors cost-cutting pattern seen across Sycamore’s retail portfolio as workers brace for possible further fallout
pestakeholder.org
November 17, 2025 at 6:29 PM
Just weeks before Thanksgiving, Walgreens' new private equity owners Sycamore Partners cut paid holidays for hundreds of thousands of its lowest-paid workers. pestakeholder.org/news/walgree...
Last month, California passed two major laws to rein in private equity’s influence in healthcare.
SB 351 & AB 1415 boost transparency and protect clinical independence, a model other states should watch.
Read our breakdown: pestakeholder.org/news/new-cal...
SB 351 & AB 1415 boost transparency and protect clinical independence, a model other states should watch.
Read our breakdown: pestakeholder.org/news/new-cal...
November 14, 2025 at 10:29 PM
Last month, California passed two major laws to rein in private equity’s influence in healthcare.
SB 351 & AB 1415 boost transparency and protect clinical independence, a model other states should watch.
Read our breakdown: pestakeholder.org/news/new-cal...
SB 351 & AB 1415 boost transparency and protect clinical independence, a model other states should watch.
Read our breakdown: pestakeholder.org/news/new-cal...
Private equity firms aren't just backing the AI boom. They are powering it with fossil fuels.
New PECR research finds PE firms own or finance nearly 60 GW of gas plants, producing 82M tons of emissions a year (equal to powering 17M homes).
New PECR research finds PE firms own or finance nearly 60 GW of gas plants, producing 82M tons of emissions a year (equal to powering 17M homes).
November 13, 2025 at 10:08 PM
Private equity firms aren't just backing the AI boom. They are powering it with fossil fuels.
New PECR research finds PE firms own or finance nearly 60 GW of gas plants, producing 82M tons of emissions a year (equal to powering 17M homes).
New PECR research finds PE firms own or finance nearly 60 GW of gas plants, producing 82M tons of emissions a year (equal to powering 17M homes).
🚨 PRIVATE EQUITY ALERT 🚨 Sadly, workers at Walgreens are already bearing the brunt of the company's acquisition by private equity firm Sycamore Partners as their holiday pay is slashed amidst a nationwide affordability crisis. www.bloomberg.com/news/article...
Walgreens Cuts Pay for Hourly Store Workers After $10 Billion Buyout
Walgreens will no longer give many of its retail workers paid vacation time for Thanksgiving, Christmas and other major holidays, as the company looks to cut costs under new owners.
www.bloomberg.com
November 12, 2025 at 7:20 PM
🚨 PRIVATE EQUITY ALERT 🚨 Sadly, workers at Walgreens are already bearing the brunt of the company's acquisition by private equity firm Sycamore Partners as their holiday pay is slashed amidst a nationwide affordability crisis. www.bloomberg.com/news/article...
"Some people are being affected much more acutely than others, and it’s the folks who actually can least afford it,” Jordan Ash, director of housing at PESP said." www.ajc.com/news/2025/11...
Study: Rents for low-wage Atlantans rose 9 times faster than for high earners
Rents for suburban workforce housing in the metro Atlanta region increased by almost 20%, while rents for luxury units increased by 2%, a study said.
www.ajc.com
November 11, 2025 at 6:30 PM
"Some people are being affected much more acutely than others, and it’s the folks who actually can least afford it,” Jordan Ash, director of housing at PESP said." www.ajc.com/news/2025/11...
The latest update to PESP's Private Equity Employer Tracker shows that PE firms employ over 13 million people, including hundreds of thousands of workers at Sycamore Partners' Walgreens. pestakeholder.org/news/pesp-up...
PESP updates Private Equity Employer Tracker
PESP has released updated research tracking the largest employers in the United States that are owned by private equity firms. This comprehensive research underscores the significant impact of…
pestakeholder.org
November 10, 2025 at 10:03 PM
The latest update to PESP's Private Equity Employer Tracker shows that PE firms employ over 13 million people, including hundreds of thousands of workers at Sycamore Partners' Walgreens. pestakeholder.org/news/pesp-up...
KKR just reported $860M in profit and $43B in new capital, one of its best quarters ever.
But behind the numbers are unsafe workplaces, wage theft, and union-busting across KKR’s portfolio.
📘 Read our new report:
pestakeholder.org/reports/kkr-...
But behind the numbers are unsafe workplaces, wage theft, and union-busting across KKR’s portfolio.
📘 Read our new report:
pestakeholder.org/reports/kkr-...
November 7, 2025 at 11:30 PM
KKR just reported $860M in profit and $43B in new capital, one of its best quarters ever.
But behind the numbers are unsafe workplaces, wage theft, and union-busting across KKR’s portfolio.
📘 Read our new report:
pestakeholder.org/reports/kkr-...
But behind the numbers are unsafe workplaces, wage theft, and union-busting across KKR’s portfolio.
📘 Read our new report:
pestakeholder.org/reports/kkr-...
The AI boom isn’t clean. It’s carbon-intensive.
Private equity firms like BlackRock & Blackstone are buying up utilities to power data centers, risking higher bills and more pollution.
Read our latest findings: pestakeholder.org/reports/from-power-plants-to-proce
Private equity firms like BlackRock & Blackstone are buying up utilities to power data centers, risking higher bills and more pollution.
Read our latest findings: pestakeholder.org/reports/from-power-plants-to-proce
November 7, 2025 at 8:48 PM
The AI boom isn’t clean. It’s carbon-intensive.
Private equity firms like BlackRock & Blackstone are buying up utilities to power data centers, risking higher bills and more pollution.
Read our latest findings: pestakeholder.org/reports/from-power-plants-to-proce
Private equity firms like BlackRock & Blackstone are buying up utilities to power data centers, risking higher bills and more pollution.
Read our latest findings: pestakeholder.org/reports/from-power-plants-to-proce
🚨 Ahead of KKR’s earnings call tomorrow, new PESP research exposes the human cost of its $700B empire.
From Toys “R” Us to Refresco, KKR’s leveraged buyouts left behind layoffs, wage theft, and safety violations.
🔗 pestakeholder.org/reports/kkr-...
From Toys “R” Us to Refresco, KKR’s leveraged buyouts left behind layoffs, wage theft, and safety violations.
🔗 pestakeholder.org/reports/kkr-...
November 6, 2025 at 5:30 PM
🚨 Ahead of KKR’s earnings call tomorrow, new PESP research exposes the human cost of its $700B empire.
From Toys “R” Us to Refresco, KKR’s leveraged buyouts left behind layoffs, wage theft, and safety violations.
🔗 pestakeholder.org/reports/kkr-...
From Toys “R” Us to Refresco, KKR’s leveraged buyouts left behind layoffs, wage theft, and safety violations.
🔗 pestakeholder.org/reports/kkr-...
Private equity is powering the AI boom—at the public’s expense.
New PESP research shows firms like BlackRock & Blackstone are driving fossil fuel buildouts and utility takeovers to feed speculative data center demand.
👉 pestakeholder.org/reports/from...
New PESP research shows firms like BlackRock & Blackstone are driving fossil fuel buildouts and utility takeovers to feed speculative data center demand.
👉 pestakeholder.org/reports/from...
November 6, 2025 at 4:28 PM
Private equity is powering the AI boom—at the public’s expense.
New PESP research shows firms like BlackRock & Blackstone are driving fossil fuel buildouts and utility takeovers to feed speculative data center demand.
👉 pestakeholder.org/reports/from...
New PESP research shows firms like BlackRock & Blackstone are driving fossil fuel buildouts and utility takeovers to feed speculative data center demand.
👉 pestakeholder.org/reports/from...
NEW: Residents of Yes! Communities are flagging the potential $10B buyout of their homes by private equity giant Brookfield Asset Management, asking the firm to commit to basic standards that enable them to live in their communities with dignity. pestakeholder.org/news/advocat...
Advocates, residents urge Brookfield to adopt tenant protections ahead of potential manufactured housing acquisition
Letter to Canadian private equity firm highlights resident concerns, need for stronger standards
pestakeholder.org
November 5, 2025 at 10:18 PM
NEW: Residents of Yes! Communities are flagging the potential $10B buyout of their homes by private equity giant Brookfield Asset Management, asking the firm to commit to basic standards that enable them to live in their communities with dignity. pestakeholder.org/news/advocat...
🚨 PRIVATE EQUITY ALERT 🚨 Who's scrambling Denny's eggs? The popular breakfast chain is being bought out by private equity, including TriArtisan Capital, the owner of TGI Fridays. Last November, TGI Fridays filed for bankruptcy. www.wsj.com/finance/inve...
Denny’s to Go Private in $322 Million Deal
Three entities are working together to buy the diner chain
www.wsj.com
November 4, 2025 at 3:18 PM
🚨 PRIVATE EQUITY ALERT 🚨 Who's scrambling Denny's eggs? The popular breakfast chain is being bought out by private equity, including TriArtisan Capital, the owner of TGI Fridays. Last November, TGI Fridays filed for bankruptcy. www.wsj.com/finance/inve...
As part of a national organizing campaign against private equity landlord Capital Realty, Detroit seniors in the River Pointe Towers Tenant Union are demanding better maintenance and safer living conditions.
'That ain’t right': Detroit senior living building union demands owner come to the bargaining table • Michigan Advance
DETROIT – A group of tenants in the River Pointe Tower building in Detroit, a senior living apartment complex, are calling for the head of Capital Realty Group, Moshe Eichler, who owns the building,…
michiganadvance.com
November 3, 2025 at 11:30 AM
As part of a national organizing campaign against private equity landlord Capital Realty, Detroit seniors in the River Pointe Towers Tenant Union are demanding better maintenance and safer living conditions.
It's teaching your children. It's buying your apartment. It's building data centers. It's heating up the planet. It's becoming your boss. It's driving up rents. It's replacing you with AI. It's bankrupting your hospital.
No, this isn't Invasion of the Body Snatchers. This is private equity.
No, this isn't Invasion of the Body Snatchers. This is private equity.
October 31, 2025 at 8:00 PM
It's teaching your children. It's buying your apartment. It's building data centers. It's heating up the planet. It's becoming your boss. It's driving up rents. It's replacing you with AI. It's bankrupting your hospital.
No, this isn't Invasion of the Body Snatchers. This is private equity.
No, this isn't Invasion of the Body Snatchers. This is private equity.
🦷 Private equity is drilling into dentistry.
In September alone: 14 dental practice acquisitions.
Last year: 161+ dental deals, up 10%.
More consolidation means fewer independent dentists, and higher risks. //pestakeholder.org/news/private-equity-healthcare-acquisitions-september-2025/
In September alone: 14 dental practice acquisitions.
Last year: 161+ dental deals, up 10%.
More consolidation means fewer independent dentists, and higher risks. //pestakeholder.org/news/private-equity-healthcare-acquisitions-september-2025/
Private Equity Healthcare Acquisitions - September 2025
In light of continued investor interest in healthcare and the risks associated with private equity ownership of healthcare companies, the Private Equity Stakeholder Project is tracking private equity…
pestakeholder.org
October 31, 2025 at 7:08 PM
🦷 Private equity is drilling into dentistry.
In September alone: 14 dental practice acquisitions.
Last year: 161+ dental deals, up 10%.
More consolidation means fewer independent dentists, and higher risks. //pestakeholder.org/news/private-equity-healthcare-acquisitions-september-2025/
In September alone: 14 dental practice acquisitions.
Last year: 161+ dental deals, up 10%.
More consolidation means fewer independent dentists, and higher risks. //pestakeholder.org/news/private-equity-healthcare-acquisitions-september-2025/
The country’s largest landlord just got closer to the People’s House.
Blackstone—the world's largest private equity firm—has its CEO Stephen Schwarzman among the donors funding Trump’s $300M White House ballroom.
When billionaires buy access, the public loses.
🔗 thehill.com/homenews/adm...
Blackstone—the world's largest private equity firm—has its CEO Stephen Schwarzman among the donors funding Trump’s $300M White House ballroom.
When billionaires buy access, the public loses.
🔗 thehill.com/homenews/adm...
October 23, 2025 at 8:50 PM
The country’s largest landlord just got closer to the People’s House.
Blackstone—the world's largest private equity firm—has its CEO Stephen Schwarzman among the donors funding Trump’s $300M White House ballroom.
When billionaires buy access, the public loses.
🔗 thehill.com/homenews/adm...
Blackstone—the world's largest private equity firm—has its CEO Stephen Schwarzman among the donors funding Trump’s $300M White House ballroom.
When billionaires buy access, the public loses.
🔗 thehill.com/homenews/adm...
We applaud the Oregon Treasurer's leadership to reduce the Oregon public pension fund’s exposure to private equity to bring it into alignment with the target allocation, and commitment to climate-positive investments. www.oregonlive.com/business/202...
State treasurer considers dialing back Oregon pension fund’s big bet on private equity
Oregon’s public pension system is among the most reliant on the opaque investments.
www.oregonlive.com
October 22, 2025 at 7:09 PM
We applaud the Oregon Treasurer's leadership to reduce the Oregon public pension fund’s exposure to private equity to bring it into alignment with the target allocation, and commitment to climate-positive investments. www.oregonlive.com/business/202...
NEW: The affordability crisis is continuing unabated for the working class, especially when it comes to housing. Our latest report reveals that since 2021, rents for the poorest tenants have risen 2x as fast as rents for the richest. Learn more here: pestakeholder.org/news/rents-f...
Rents for poorest tenants increased more than twice as much as rents for rich tenants since 2021
As affordability crisis worsens, investor landlord interest in unsubsidized housing for the poorest continues
pestakeholder.org
October 22, 2025 at 3:09 PM
NEW: The affordability crisis is continuing unabated for the working class, especially when it comes to housing. Our latest report reveals that since 2021, rents for the poorest tenants have risen 2x as fast as rents for the richest. Learn more here: pestakeholder.org/news/rents-f...
Private equity thrives in secrecy.
Our first-of-their-kind Private Equity Trackers pierce that veil, revealing where PE is invested and how those investments affect workers, patients, and communities.
🔍 pestakeholder.org/private-equi...
Where Wall Street Hides, We Investigate.
Our first-of-their-kind Private Equity Trackers pierce that veil, revealing where PE is invested and how those investments affect workers, patients, and communities.
🔍 pestakeholder.org/private-equi...
Where Wall Street Hides, We Investigate.
October 20, 2025 at 8:38 PM
Private equity thrives in secrecy.
Our first-of-their-kind Private Equity Trackers pierce that veil, revealing where PE is invested and how those investments affect workers, patients, and communities.
🔍 pestakeholder.org/private-equi...
Where Wall Street Hides, We Investigate.
Our first-of-their-kind Private Equity Trackers pierce that veil, revealing where PE is invested and how those investments affect workers, patients, and communities.
🔍 pestakeholder.org/private-equi...
Where Wall Street Hides, We Investigate.