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Private Equity Stakeholder Project

@pestakeholder.bsky.social
188 followers 2 following 294 posts

Uplifting the voices of workers, communities, tenants, and others impacted by private equity. Est 2017.

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Private Equity Stakeholder Project @pestakeholder.bsky.social · 22h
Lawmakers are calling on FERC to block the $33.4B takeover of AES by BlackRock, EQT, and Qatar’s sovereign wealth fund. PESP and partners have also raised concerns with FERC about the deal and BlackRock’s growing control over public utilities. thehill.com/policy/energ...
thehill.com
Lawmakers press regulators to reject AES acquisition
A bipartisan group of lawmakers urged federal regulators to block the multibillion-dollar sale of power company AES, warning the deal could raise electricity costs for utility customers to benefit …
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 01/10/2026
The Trump SEC is following the DOL in seeking to bail out private equity by opening 401(k)s to more private market investments, raising serious questions about whether its risks are being shifted onto workers’ retirement accounts. pestakeholder.org/news/trump-s...
pestakeholder.org
Trump SEC follows DOL in private equity bailout push
Trump SEC follows DOL in seeking to bail out private equity, private credit with workers’ retirement savings US Securities and Exchange Commission (SEC) seeks to expand fees that private equity…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 30/09/2026
ICYMI: A research brief from PESP shows that nearly one-third of emergency rooms in the US are staffed by private equity, exposing scores of patients to the risks that come with a profits above patients approach to business. pestakeholder.org/news/private...
pestakeholder.org
Private equity staffs 27% of US emergency departments
Private equity-owned companies staff at least 27% of US emergency departments Over the last decade, hospitals have begun to contract with private companies to staff and operate their emergency…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 29/09/2026
🛠️ NEW: PESP's latest report shows that the private equity industry's interest in the manufacturing sector is being driven by buyouts in defense and data center manufacturing. Of the largest PE manufacturing buyouts, 29% were in defense and another 29% had connections to the AI boom.
pestakeholder.org
New analysis reveals defense, data centers driving private equity’s move into manufacturing
Manufacturing accounted for over 20% of PE acquisitions of companies with 500+ employees in first half of 2026
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 25/09/2026
In July, two tenant organizations connected from across the globe to discuss their new landlord: the private equity firm Brookfield Asset Management. pestakeholder.org/news/brookfi...
pestakeholder.org
Brookfield tenants from US, Spain connect across continents
Two tenant organizations connected from across the globe to discuss their new landlord, Brookfield Asset Management.
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 24/09/2026
Looks like the Blackstone-backed utility NIPSCO is being investigated by Indiana's utility regulatory commission. abc57.com/news/iurc-fo...
abc57.com
IURC formally investigating NIPSCO's restoration practices following Aug. 11 storm
SOUTH BEND, Ind. -- In a filing dated Sept. 22, it was revealed that the Verified Petition filed by the Indiana Office of Utility Consumer Counselor filed on Aug. 25 for the Indiana Utility…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 24/09/2026
One small Indiana private equity firm owns the largest carrot grower in the world, which is the subject of the latest report from our Workers and Jobs team. Since being bought out by PE, Grimmway has racked up nearly $150K in OSHA fines. youarecurrent.com/2026/09/23/d...
youarecurrent.com
Discrimination, worker’s death among concerns reported at carrot farm owned by Carmel private equity firm
Disability discrimination, underpayment and a death on a Grimmway farm are among concerns reported at the nation’s largest carrot producer, which is owned by a Carmel-based private equity firm.…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 22/09/2026
NEW REPORT: States continue to grapple with private equity’s growing role in healthcare. Some new laws expanded oversight and transparency in 2026, while other proposals stalled or were weakened. Our new review looks at what changed and where gaps remain. pestakeholder.org/reports/2026...
pestakeholder.org
2026 State Healthcare Policy Review
In 2026, states continued to expand oversight of private equity in healthcare. Six states enacted nine laws covered in this report, while California and Oregon began implementing major measures…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 22/09/2026
Private capital is playing a growing role across our energy system with more than 1,050 PE-backed fossil fuel assets tracked in our latest research. At #ClimateWeekNYC, PESP is talking about what this growing role means for climate accountability. peclimaterisks.org/2026-scorecard
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 21/09/2026
🌎 PESP is at #ClimateWeekNYC this week! We’re bringing a critical question to the conversation: Who owns the infrastructure powering our economy, and who bears the risks and costs? pestakeholder.org/news/pe-in-a...
pestakeholder.org
PE backing both sides of data center boom, new research in NYC
Private equity’s growing role in AI and energy infrastructure takes focus at Climate Week NYC PESP will highlight how private equity investment across data centers, power generation…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 18/09/2026
😷 In the U.S., air pollution from PE-backed extraction, coal plants, and LNG infrastructure is linked to an estimated 584,000 instances of asthma symptoms and at least 1,000 premature deaths each year. Learn more: peclimaterisks.org/2026-scorecard
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 17/09/2026
NEW: PESP's latest report digs into labor issues at the world's largest carrot grower, private equity-owned Grimmway Farms. In the years since its acquisition by Teays River Investments, Grimmway has faced lawsuits and fines for its treatment of workers, including over $145,342 in OSHA fines.
pestakeholder.org
Behind the Harvest: Private Equity and Worker Safety at Grimmway Farms
A new report from the Private Equity Stakeholder Project analyzes labor issues at private equity-owned Grimmway Farms, the largest carrot grower in the world.
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 16/09/2026
Global emissions are up and private equity is one of the culprits. 20 private equity firms are responsible for producing an estimated 1.5 gigatons of CO2 emissions annually. Check out the Private Equity Climate Risks scorecard with the full report here: peclimaterisks.org/2026-scorecard
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 15/09/2026
NEW: Just 20 private equity firms’ energy portfolios produce an estimated 1.5 gigatons of greenhouse gas emissions annually. Compared with countries’ fossil fuel emissions, that would rank 5th globally, behind only China, the U.S., India, and Russia. peclimaterisks.org/2026scorecard
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 09/09/2026
In Washington state, Canadian private equity firm Instar is facing criticism for its treatment of immigrant workers at Windmill Farms and its operation of ICE deportation flights. pestakeholder.org/news/instar-...
pestakeholder.org
Instar targeted by regulators for labor rights abuses of immigrants, cashing in on ICE deportations
SkyService ICE flights latest controversy for Instar Asset Management
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 04/09/2026
Given the private equity industry's controversial interest in utilities and its track record of putting quick profits above all else, the Michigan Public Service Commission should reject the proposed sale of 13 hydroelectric dams to an out-of-state PE firm. michiganadvance.com/2026/09/04/a...
michiganadvance.com
An out-of-state private equity firm shouldn't have ownership of 13 Michigan dams • Michigan Advance
In June, a Michigan judge overseeing deliberations regarding Consumers Energy’s proposed dam sale recommended that the Michigan Public Service Commission (MPSC) reject the proposed sale of 13 dams to…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 03/09/2026
In one mid-Michigan manufactured housing community, residents are celebrating the first anniversary of their park's sale to a non-corporate landlord. Last year, Alden Global Capital's Homes of America was forced to sell the park by a court order.
pestakeholder.org
Michigan MHAction residents celebrate one year of new, non-corporate owners
In early August, a manufactured housing community formerly known as North Morris Estates in Thetford Township, Michigan met an important milestone: the park is now fully licensed to operate by state…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 02/09/2026
Universities are wary to pass the ball to private equity firms interested in scoring deals in the lucrative college sports industry. www.nytimes.com/2026/08/31/b...
nytimes.com
Private Equity Wants to Invest in College Sports. Some Schools Are Wary.
As desperate as many athletic programs are for money, they are proceeding cautiously when it comes to deals with private equity.
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 28/08/2026
PESP's Jim Baker tells NYT about the risks of PE landlords: "Why this is emblematic of private equity ownership of housing is that, from the beginning, the ownership group had limited skin in the game. They never had much to lose. Most of the risk falls on residents and the broader public."
nytimes.com
How a Private Equity Group Drove an Apartment Complex Into the Ground
After decades as a coveted address in Syracuse, N.Y., the sprawling Nob Hill complex descended into neglect, squalor and death. One family paid a terrible price.
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 26/08/2026
Last month, New Jersey became the fourth state to ban algorithmic rent-setting software like private equity-owned RealPage. The controversial software has drawn criticism amidst the ongoing housing affordability crisis in the U.S. pestakeholder.org/news/new-jer...
pestakeholder.org
New Jersey bans RealPage-style algorithmic rent-setting
New Jersey becomes fourth state to ban algorithmic price setting software, such as Thoma Bravo’s RealPage On July 20, New Jersey joined California, New York, and Connecticut to become the fourth…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 22/08/2026
AI’s infrastructure boom is becoming a private equity gold rush. As firms invest across data centers and the energy systems that power them, who profits and who bears the costs? PESP’s latest looks at what’s at stake for communities and the climate. pestakeholder.org/news/private...
pestakeholder.org
Private equity’s AI gold rush comes at a cost
The AI Infrastructure Gold Rush Is Becoming a Private Equity Gold Rush—and Communities Will Bear the Costs Everyone is discussing AI. Behind every AI model, however, lies a rapidly expanding physical…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 15/08/2026
More than 1,000 workers have been laid off at Monterey Mushrooms under private equity firm Paine Schwartz’s ownership. It’s a sharp turn for a company with a long history of investing in its workforce. Now another 246 workers face layoffs. pestakeholder.org/news/paine-s...
pestakeholder.org
Paine Schwartz-owned Monterey Mushrooms layoffs top 1,000
Paine Schwartz continues to dismantle Monterey Mushrooms, laying off over 1,000 workers Monterey Mushrooms is the largest grower of fresh mushrooms in North America, responsible for a significant…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 12/08/2026
BREAKING: As Michigan students head back to school, Wall Street is already in the classroom. New PESP research finds private equity controls 160+ childcare centers and receives millions through K-12 contracts across the state. pestakeholder.org/reports/pe-i...
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 08/08/2026
BREAKING: Brookfield has acquired YES! Communities, giving the private equity giant one of the nation's largest manufactured housing portfolios. The deal comes as a new federal housing law leaves manufactured housing residents largely unprotected. pestakeholder.org/news/brookfi...
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 07/08/2026
The pattern continues. In the first half of 2026, PE-backed companies accounted for 50% of bankruptcies with more than $1 billion in liabilities while making up only about 7% of the U.S. economy. pestakeholder.org/news/private...
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 05/08/2026
As Michigan is in the spotlight today, it's worth asking who is shaping the state's future beyond the ballot box. PESP's op-ed examines Blackstone's role in financing the Saline data center and why the firm deserves closer scrutiny. michiganadvance.com/2026/06/15/s...
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 31/07/2026
Private equity is making its way deeper into the Pentagon. Cerberus founder Stephen Feinberg is now Deputy Defense Secretary. Now, Sen. Warren is raising concerns as the DoD recruits private equity and Wall Street insiders into defense contracting. pestakeholder.org/news/stephen...
chatgpt.com
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 27/07/2026
Nearly 13,000 workers lost their jobs through WARN notices filed by more than 100 private equity-, venture capital-, and asset manager-backed companies in the first months of 2026. And that's likely an undercount. PESP tracks the trends:
pestakeholder.org
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 23/07/2026
Manufacturing firms represented 16% of large U.S. private equity acquisitions in the first quarter of 2026. PESP examines how private equity ownership is reshaping manufacturing through consolidation, layoffs, plant closures, and other industry trends. pestakeholder.org/news/private...
pestakeholder.org
Private equity’s influence in U.S. manufacturing
Private Equity in Manufacturing In the first quarter of 2026, private equity firms acquired stakes in more than 100 US-based companies with at least 500 employees. Manufacturing firms represented 16%
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 21/07/2026
Private equity's hospital ownership is becoming more complex. 🏥 Nearly 1 in 10 private hospitals are PE-owned. 🏦 Nearly 1 in 3 PE-owned hospitals have REIT-owned real estate. 🤝 More than 1 in 5 operate through nonprofit joint ventures. See the data: pestakeholder.org/pesp-private...
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 18/07/2026
JPMorgan owns El Paso Electric. JPMorgan is also helping secure $13 billion in financing for Meta's El Paso data center. In other words, it's on both sides of the deal.
pestakeholder.org
JPMorgan’s dual role at El Paso Electric, Meta El Paso data center
On June 9, Nichole Heil of PESP provided the below testimony to the El Paso, Texas City Council regarding the proposed Meta data center: Good morning. My name is Nichole with the Private Equity…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 18/07/2026
One of the world's largest data center investors will soon also be a major fossil fuel investor. If DigitalBridge's acquisition of ArcLight Capital Partners closes, it will profit from both the AI data center boom and a sprawling fossil fuel portfolio. pestakeholder.org/news/digital...
pestakeholder.org
DigitalBridge-ArcLight deal ties AI data center boom to sprawling fossil fuel portfolio
Data center expansion and AI-driven electricity demand may give aging coal and gas plants a new financial lifeline BOSTON, MA — A major acquisition announced Wednesday could further entrench private…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 18/07/2026
As communities across the country speak out about the rapid expansion of AI data centers today, it’s worth asking who is financing the buildout. PESP found that PE firms now own or have major stakes in nearly half of the 25 largest U.S. data center companies.
pestakeholder.org
Private equity cash fuels data center buildout
While big tech firms have drawn scrutiny and local resistance for the massive buildout of data centers, private equity and credit firms are also playing a critically important behind the scenes role…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 16/07/2026
The State Street Private Capital index shows that through 2025, private equity AGAIN underperformed stocks (S&P 500 index) over the last 1, 3, 5, and 10 years. globalmarkets.statestreet.com/portal/peind...
globalmarkets.statestreet.com
Private Capital Indices | Private Capital Research Insights Market Trends Q3 2025
Private Capital Performance and Research Insights | Vintage-level Mean Reversion in Private Equity | Concentration in AI Model Providers | This article presents data-driven analysis of market trends…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 14/07/2026
Another news organization under the influence of a private equity firm www.investing.com/news/stock-m...
investing.com
Thomson Reuters to sell 51% stake in global print business to KKR for $500 million By Reuters
Thomson Reuters to sell 51% stake in global print business to KKR for $500 million
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 14/07/2026
AI is already reshaping healthcare. As private equity firms partner with leading AI companies, healthcare workers should ask: Who benefits? Read PESP's new op-ed in @medpagetoday.bsky.social: www.medpagetoday.com/opinion/seco... Thanks @gfriedman.bsky.social
medpagetoday.com
Opinion | Private Equity's New AI Push Raises Old Questions for Healthcare
As Wall Street firms partner with AI companies, clinicians should ask, 'Who benefits?'
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 13/07/2026
Families shouldn't have to compete with Wall Street to buy a home. That's why PESP is proud to support the Protecting American Homes from Hedge Funds Act, which would phase hedge funds and large institutional investors out of the single-family housing market. adamsmith.house.gov/news/press-r...
adamsmith.house.gov
Reps. Smith, Khanna, Sánchez, and Williams Introduce Protecting American Homes from Hedge Funds Act
FOR IMMEDIATE RELEASEReps. Smith, Khanna, Sánchez, and Williams Introduce Protecting American Homes from Hedge Funds Act New legislation would permanently drive hedge funds out of the single-family…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 10/07/2026
The 21st Century ROAD to Housing Act is set to become law, taking an important first step toward limiting corporate ownership of single-family homes. But Wall Street's footprint extends far beyond single-family housing. Congress must build on this progress. pestakeholder.org/news/new-hou...
pestakeholder.org
New housing law is a first step, but more action needed
Private Equity Stakeholder Project Comment on Passage of ROAD to Housing Act New law takes a first step to curb corporate ownership of single-family homes WASHINGTON, D.C. — Today…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 10/07/2026
As Brookfield moves to acquire one of the nation's largest manufactured housing operators, residents are asking whether the new owner will reverse a policy that has left some without effective cooling during extreme heat. pestakeholder.org/news/will-br...
pestakeholder.org
Will Brookfield end Yes Communities’ window A/C ban?
Will Brookfield allow Yes Communities residents to have window air conditioners in their homes? The private equity company Brookfield is in the process of acquiring Yes Communities, one of the…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 07/07/2026
New Guardian coverage on our report on nonprofit-private equity joint ventures. Our research identified 500+ healthcare facilities operating through these partnerships, which can introduce Wall Street financial tactics into nonprofit health systems. www.theguardian.com/us-news/2026...
theguardian.com
Watchdog warns of risks to patients as private equity’s stake in US healthcare grows
New report details slew of ventures between private equity and non-profits and calls for greater government oversight
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 07/07/2026
Private equity's healthcare playbook is changing. Our new report identifies 500+ healthcare facilities operated through nonprofit-private equity joint ventures—bringing Wall Street financial tactics like sale-leasebacks into nonprofit health systems. pestakeholder.org/reports/priv...
pestakeholder.org
Private equity’s joint venture takeover of nonprofit healthcare
Over the past decade, private equity has dramatically expanded its presence across the healthcare system. While much of the public attention has focused on traditional acquisitions of hospitals…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 02/07/2026
More than 500 workers at West Suburban Medical Center have received layoff notices. West Suburban's financial troubles didn't begin this year. They trace back to its PE ownership under Pipeline Health. Communities are still paying the price. www.chicagobusiness.com/health-care/...
chicagobusiness.com
West Suburban sends 500 layoff notices as hospital rescue talks roll on
Permanent layoff notices have gone out to more than 500 workers at West Suburban Medical Center, most of whom have been out of work since the Oak Park hospital closed in March.
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 26/06/2026
Michigan is preparing to dedicate significant resources and public support to a massive data center. Before doing so, shouldn't there be a closer look at the private equity giant financing roughly 90% of the project? Read our latest op-ed in Michigan Advance: michiganadvance.com/2026/06/15/s...
michiganadvance.com
Should Michigan be handing its resources to Blackstone? • Michigan Advance
Before dedicating land, water, electricity, and public support to the massive Saline data center, state leaders should take a closer look at the private equity giant financing it.
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 26/06/2026
A new Guardian investigation examines how Greystar, the nation's largest apartment owner and manager, has turned fees into a growing source of revenue—leaving many renters paying far more than advertised rent. PESP contributed data analysis to the investigation. www.theguardian.com/us-news/ng-i...
theguardian.com
‘Extremely overwhelmed’: apartment renters face rising tide of fees
Guardian investigation: Renters at apartment buildings operated by industry giant Greystar complain they’re deluged by ‘unfair’ and ‘inflated’ fees. The company denies these claims
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 24/06/2026
Institutional investors hold more than $6.5 trillion in fossil fuel company stocks and bonds. PESP endorsed Investing in Climate Chaos 2026, a new database tracking fossil fuel investments by more than 8,400 institutional investors worldwide. Explore the data: www.investinginclimatechaos.org
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 18/06/2026
New Mexico doesn't have to guess what Blackstone ownership could mean for PNM. The state can already look at Blackstone's record at NIPSCO, its labor practices, and its growing data center interests. That's why New Mexico regulators should reject the deal. pestakeholder.org/media_covera...
pestakeholder.org
ABQ Journal op-ed: Blackstone’s PNM takeover
The following op-ed by PESP Senior Research Coordinator Nichole Heil published in June in the Albuquerque Journal: New Mexico is among the states most exposed to private equity ownership across…
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 15/06/2026
It’s no surprise to find Blackstone at the scene of the controversial Stargate data center development in Michigan. Private equity firms are the largest owners of data centers other than Big Tech companies and nearly half of the top 25 data center owners in the U.S. are linked to private equity.
michiganadvance.com
Should Michigan be handing its resources to Blackstone? • Michigan Advance
Before dedicating land, water, electricity, and public support to the massive Saline data center, state leaders should take a closer look at the private equity giant financing it.
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 11/06/2026
The decision highlights a broader question regulators are increasingly confronting: are private-equity-style return expectations compatible with the long-term stewardship of essential infrastructure? From Michigan to Minnesota to New Mexico, similar concerns keep emerging.
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 11/06/2026
NEW: PESP's new Corporate Landlord Legislation Tracker provides a comprehensive look at the 76 bills introduced in 2026 that seek to regulate corporate landlords as Americans contend with a worsening affordability crisis. pestakeholder.org/news/as-hous...
pestakeholder.org
As housing costs rise, state policymakers move to rein in corporate landlords
PESP report tracks wave of state-level legislation to address Wall Street’s impact on housing affordability
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Private Equity Stakeholder Project @pestakeholder.bsky.social · 10/06/2026
New Mexico hearing examiners found that Blackstone and TXNM violated state law and recommended significant penalties related to Blackstone’s proposed takeover of PNM. Another warning sign that private equity and public utilities may not mix. pestakeholder.org/news/nm-reco...
pestakeholder.org
NM recommendation shows why Blackstone should not own PNM utility
PESP: New Mexico recommendation shows why Blackstone should not own PNM utility Hearing examiners’ finding that Blackstone and TXNM violated state law raises new doubts about proposed utility…
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