PESP believes that the need for accountability and transparency in the private equity industry is more important than ever, and transcends electoral politics. Our full statement on the 2024 election: https://t.co/Xz171zSyKj
When I read that the Saline data center will use 20-30,000 gallons of water a day, I think of the Ford Model T plant in Highland Park that convinced the city to build it a water supply so the factory could use 30,000,000 gallons a day for its turbines. Ford moved not long after.
Clean coal? The PE-backed Gavin Coal Plant in Ohio is the deadliest in the country. It has been associated with over 200 premature deaths per year and $1.7 billion in costs associated with health problems from the plant’s pollution.
Illinois lawmakers just advanced two major bills targeting private equity in essential care systems.
🏥 HB5000 increases oversight of healthcare transactions following years of instability tied to private equity-backed hospital ownership.
♿ HB4728 creates new guardrails for private equity ownership of disability service providers.
States are increasingly stepping in where federal action has lagged.
Read more: https://t.co/k3zQxOzbnB
Breaking: President Trump chose Bill Pulte to be acting director of national intelligence. Pulte is currently the head of the Federal Housing Finance Agency. https://t.co/giszsxhODn
Wow.
Corporate profits are taking the biggest chunk of America's total income since the early 1950s.
And worker compensation is making up a historically low share.
This is the economy that decades of trickle-down tax breaks for the rich and corporations has given us.
Connecticut enacted a major new hospital oversight law.
Gov. Lamont signed SB 196, which bars private equity entities from holding controlling interests in CT hospitals and increases oversight of hospital sale-leaseback transactions.
The law follows years of instability tied to Prospect Medical Holdings in Connecticut.
https://t.co/XFof5mn9Pb
NEW: The Private Equity Stakeholder Project is now tracking private equity acquisitions of companies with 500+ employees. Keep up with the tracker to see if private equity is acquiring your employer, your favorite restaurant, your favorite brands, and more. https://t.co/A6JRXRkMOd
Blackstone, one of the world's largest private equity firms, backs this unpopular data center project in MI. The same Blackstone that owns the data center that sucked up nearly 30M gallons of water without initially paying for it in GA.
American Medical Response and its parent company Global Medical Response is owned by private equity giant KKR. Earlier this month, KKR said it was targeting a $5 billion valuation for GMR's IPO.
You are charging me $1,329 for taking me a half mile to a hospital where they only took my vitals and asked what meds i take. so go fuck yourself i cant wait to tell the collections people to fuck off.
DigitalBridge, a major data center investor, is acquiring ArcLight Capital Partners, one of the country’s largest private fossil fuel infrastructure owners.
ArcLight owns stakes in Pennsylvania coal plants recently given a pathway to remain open through 2032 amid growing electricity demand tied in part to planned data center development.
New PESP analysis:
https://t.co/a6DlCwXRG6
Private equity is becoming a dominant force behind the AI data center boom.
PESP found that private equity-backed companies now control nearly half of the top 25 U.S. data center companies, representing roughly 5.4 GW of active capacity.
https://t.co/cLEH5DrM8L
The Trump admin is cracking open the trillions sitting in Americans' retirement savings.
They want to change the rules so that your retirement funds aren't just invested in stable savings — but crypto and private equity too.
The move could crush millions of retirement accounts.
Private Equity Stakeholder Project in @CrainsChicago: "Why is Chicago handing its parking meters to a firm tied to ICE deportation flights?"
https://t.co/3vuedp290O