Hedge Funds and Private Equity Archives - Americans for Financial Reform

News Release: Private Equity Taking Over Key Parts of Home Care System

The private equity industry has tapped into the multibillion dollar home and community based services (HCBS) sector, and has already made millions by implementing its routine playbook of extracting valuable company resources from providers of these crucial services while making life harder for care workers, clients, and communities most in need, according to a new report released by Americans For Financial Reform Education Fund.

News Release: Big, Brutal Bill Slashes Critical Programs, Rolls Back Safeguards, Rewards Ultra-Rich and Wall Street

The giveaways to private equity firms subsidize predatory and extractive practices that harm workers, families, and communities. At the same time, the big, brutal bill dismantles critical agencies like the Consumer Financial Protection Bureau, making people more vulnerable to scams, rip-offs, and junk fees.

In the News: Private equity’s big tax perk is the one that got away — again

Progressive groups Americans for Tax Fairness and Americans for Financial Reform calculate that the perk saved top Blackstone and KKR executives a combined $336mn over five years.

Blog: Private Equity Barons Defend Tax Breaks from the Shadows

As lawmakers continue to crunch the budget on Capitol Hill, the private equity (PE) industry is trying to protect its coveted carried interest tax loophole, which rewards its extractive risk-taking and exploitation of workers, communities and the public. This time, private equity firms are using a network of companies that they own, financially support, or are associated with to project an artificial image of homegrown resistance. In Texas and Louisiana, PE has enlisted oil and gas producers to fight its fight. And more widely across the country, they have brought in corporate landlords to do the same.

Blog: Private Equity Barons Snatch Up Public Service Jobs to Pad Their Profits

Wall Street’s revolving door has spun more appointees from the private equity industry into the Trump administration than ever before. CEOs, founders, and even family members have been tapped to spearhead some of the very institutions that regulate or contract their own companies.

Blog: Congress Should Close Wall Street Tax Loopholes, Not Offer More Tax Breaks for Billionaires

This week, Congress will start considering the tax provisions of the reconciliation legislation, Trump’s “big beautiful bill” that will slash safety net programs and further dismantle agencies like the Consumer Financial Protection Bureau in order to pay for tax breaks for wealthy families and corporations.

In the News: Elon Musk and His DOGE Bro Have Cashed In on Americans’ Retirement Savings

“Public pension funds are one of the biggest sources of capital for private equity firms,” says Oscar Valdés Viera, who analyzes private equity at Americans for Financial Reform. “Workers indirectly fund private equity’s predatory practices through their pension funds. The private equity billionaires benefit from tax loopholes and giveaways that the rest of us do not get,” he says, pointing out the carried interest tax deduction, which allows private equity managers to get much of their income taxed at the lower long-term capital gains tax rate than the ordinary income tax rate.

Blog: Congress Must Close the Carried Interest Tax Loophole that Fuels Predation, Not Production

Few tax loopholes better exemplify how our rigged economy rewards wealth extraction over real work than the carried interest loophole. The controversial loophole exists to benefit some of the wealthiest people on Wall Street—especially private equity executives—at the expense of workers, communities, and the public.

News Release: Private Equity Climate Risks project launches new private equity asset tracker, as part of its energy tracker, exposing continued fossil fuel investments by top 20 private equity firms

Today, the Private Equity Climate Risks (PECR) data consortium project launched an asset tracker with new data reflecting the state of private equity energy investments as of April 2025. This enhanced Global Energy Tracker includes the previous Global Energy Company Tracker, updated in January 2025, and the new Global Fossil Fuel Asset Tracker, providing an unparalleled look into the private equity industry’s role in the energy sector.

In the News: Real Estate Firms Push to Preserve Carried Interest Tax Break

“All the defenders of the carried interest loophole are saying is that if you don’t let us get richer, we will not serve low-income communities, which is not an argument so much as it is extortion,” said Caroline Nagy, a housing policy specialist at Americans for Financial Reform.