Private Equity Stakeholder Project

Join PESP on 3/5 in Washington, DC, for a luncheon and panel discussion to launch the Fairwork 2025 U.S. Report: “When AI Eats the Manager.” We’ll discuss how algorithmic management technologies are shaping one of the largest labor sectors in the country — healthcare — and what happens when nurses use AI to bid against each other for shifts. Register now to learn more about algorithmic management technologies in one of the largest labor sectors in the country: healthcare. https://lnkd.in/gQTuntuH

Now hiring at PESP! Our new Development Director will play an instrumental role in leading the Private Equity Stakeholder Project’s fundraising program. This is a fully remote position that will require up to 25% travel. Apply at: https://lnkd.in/gsHaNeT3

What does Joann have in common with Red Lobster and Hooters? They're all companies with a history of private equity ownership that have declared bankruptcy and shuttered stores, resulting in thousands of layoffs. Learn more about the risks the private equity playbook poses to portfolio companies in PESP's private equity bankruptcy tracker ➡️ https://lnkd.in/gSP_nUUQ

The potential Walgreens buyer Sycamore Partners has a history of bankruptcies and workplace violations. The private equity firm has demonstrated problems at the portfolio companies it has owned. Under Sycamore Partners’ ownership, multiple companies, including Belk and Nine West, have filed for bankruptcy. In addition, Sycamore Partners-owned companies have been fined for a number of health and safety, wage and hour, and environmental violations. https://lnkd.in/gyeSMxRC

This is the latest victory for Progress Residential tenants in North Minneapolis who have been organizing for several years with Inquilinxs Unidxs for safe and dignified housing after going without necessary repairs for issues related to lead paint, black mold, pest infestations, flooding, and electrical hazards.

Our latest healthcare report delves into key trends shaping the industry and raises important considerations for policymakers, regulators, and patients. Historically, healthcare has been an attractive space for private equity investment due to its steady demand, aging population, and fragmented subsectors ripe for consolidation. Despite the headwinds of increasing regulatory scrutiny and high interest rates, private equity firms continued a steady pace of investment in the US healthcare space in 2024.

In the Financial Post yesterday: Canada’s public pension funds need to step up on climate as political momentum wavers. Shift's third annual Canadian Pension Climate Report Card assesses the climate commitments of 11 of Canada’s largest pension managers and finds most are making some progress but it’s concerned about the pace as well as the backsliding by some. Canada’s big pensions need to recognize the power and influence they wield and to more actively use it as U.S. President Donald Trump unravels momentum on climate action and a Canadian carbon tax policy looks to be on the way out. Shift’s executive director Adam Scott says political backsliding only increases the urgent need for financial leadership to fill the void. Scott says pensions need to think long term as their funds require a stable climate to fulfil their mandates. “The climate crisis is subject to the laws of physics and not to four-year election cycles.”

With a new federal tax proposal released last week, we joined with Americans For Tax Fairness and Americans for Financial Reform to show how our tax code makes the private equity industry more profitable and wealthy PE executives even richer. AFT President Randi Weingarten had this to say about our new report: “This report lays bare the devastating impact of private equity’s unchecked greed, from fueling mass evictions and bankrupting businesses to exploiting tax loopholes and gutting essential services like healthcare. Private equity billionaires have rigged the system to extract wealth at the expense of workers, tenants, and communities, all while dodging their fair share of taxes. It’s time for policymakers to rein in this predatory industry and put people over profits.”

Private Equity Stakeholder Project: Private equity tied to 21% of healthcare bankruptcies for second consecutive year. #PESP #Healthcare #PE #PrivateEquity #Economics #Report #Study