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.
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Press Release Private equity-owned PPL’s failures extend far beyond New York
As a federal court considers final approval of Public Partnerships, LLC’s (PPL) $162 million settlement with nearly 200,000 New York home care workers, a report released today by the Private Equity Stakeholder Project (PESP) and Americans for Financial Reform Education Fund (AFREF) shows that the problems associated with private equity-backed PPL extend far beyond New…
AFR In the News
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WSJ Bankruptcy: Private Equity Rethinks the AI Trade
Private equity owns or backs roughly 25% to 30% of active U.S. data centers and is financing more than half of the planned expansion through 2030, according to a report published by nonprofit organization Americans for Financial Reform.
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Bloomberg: Private Equity Is Boosting Republicans Over Democrats in Midterms
Progressive groups like Americans for Financial Reform, which has the ear of Democrats, are gearing up for a campaign to show private equity’s outsized role in the data center build-out.
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Brooklyn News Service: Private Equity Owns Half of Homecare Agencies in NYS, Cornell Ilr Researchers Say
Aditi Sen, the managing director of campaigns at Americans for Financial Reform Education Fund (AFREF), brought up ties to structural racism dating back centuries. “Conditions in this sector have been abhorrent, both for caregivers and patients.”
WSJ Bankruptcy: Private Equity Rethinks the AI Trade
Press ReleasePrivate equity-owned PPL’s failures extend far beyond New York
Fact SheetWall Street Is Coming for Your Childcare
