Private equity and other private funds control growing portions of the economy, including in areas crucial to all of our lives, like housing and care–typically increasing prices and decreasing quality. These billionaire factories repeatedly take advantage of loopholes and exemptions to funnel money to their executives at the expense of workers, patients, consumers, real economy businesses, and a sustainable planet. We can change the rules to stop their extremes of extraction.
Advocacy
Resources
Commentary & Updates
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Everyone’s Talking About Private Equity in Housing: Here’s What You Need to Know
Private equity firms are major players in the rental housing market. Here’s how private equity ownership works, how it harms tenants, and the organizing strategies and policy responses that could help.
AFR In the News
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Bloomberg: Trump’s 401(k) Proposal Shows Evidence of Phony Public Support
The advocacy group Americans for Financial Reform drafted the form letter that Bergson signed and worked with partner groups to disseminate it, said Ericka Taylor, the organization’s co-executive director. She said she was unsurprised by the scale of the response.
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NJ Spotlight News: Banking bill is latest step back from financial crash protections
“It’s a huge package,” Oscar Valdés Viera, senior policy analyst for private equity and capital markets at Americans for Financial Reform, a group opposed to the bill, said by phone. “Basically it lets big banks take big risks and operate with higher levels of debt and with higher leverage,” Valdés Viera said. “It’s all being…
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Shelter Force: Everyone’s Talking About Private Equity in Housing: Here’s What You Need to Know
Southern Towers is a 2,346-unit complex in Alexandria, Virginia. Most of its tenants are Black and foreign-born, primarily from sub-Saharan Africa. Los Angeles–based private equity firm CIM Group acquired Southern Towers in September 2020 for $506 million, one of the largest multifamily deals nationally of the year.
