Tag Archives: private equity

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.

News Release: Sycamore Takeover of Walgreens Sets Stage for Job Losses and Drugstore Closures

The Sycamore Partners $10 billion purchase of drugstore chain Walgreens risks disaster for workers and customers, given this private equity firm’s track record. The private equity  takeover of retailers has enriched the Wall Street by extracting dividends, stripping out real estate, and charging astronomical fees that has driven many chains into bankruptcy, shuttered thousands of locations, cost hundreds of thousands of jobs, and left consumers worse off than before.

a dollar bill on top of a pile of money with scrabble pieces spelling out "tax" on top

News Release: New Report Exposes the Role of Tax Law in Boosting Destructive Impact of Private Equity on Workers, Consumers & Communities

Today, a comprehensive new joint report published by Americans for Tax Fairness, the Private Equity Stakeholder Project, and Americans for Financial Reform Education Fund exposes the often destructive impacts of the private equity (PE) industry on consumers, workers, and communities. In addition to providing several first-person stories of the havoc wrought by private-equity investment, the report details how the tax code makes the industry even more profitable and wealthy PE owners even richer. Sen. Tammy Baldwin (D-WI) recently introduced legislation that would close one of the industry’s most egregious tax loopholes. 

News Release: Prospect of Walgreens Acquisition by Sycamore Bodes Ill for Retailer

The possible acquisition of drugstore chain Walgreens risks writing a new chapter in the long-running saga of private equity’s looting of the American retail sector, a trend that has caused the loss of over half a million jobs, numerous bankruptcies, and extensive consolidation that leads to higher prices, lower quality for consumers, and more precarious conditions for workers.

In The News: Senators take aim at big private equity landlords as rents soar (NBC News)

As landlords, private equity firms raise rents, impose new fees, skimp on property maintenance and pursue tenants more aggressively in court, the Americans for Financial Reform research noted. “The cumulative effect is a massive transfer of wealth from mainly low- and middle-income renters, who can’t afford the onerous barriers to homeownership, to some of the wealthiest men in America,” it said.

NEWS RELEASE: New Yorkers, Frontline Leaders, Climate Groups React to NYC Comptroller’s Groundbreaking Private Equity Commitment

NEW YORK – Today, New York City Comptroller Brad Lander announced a commitment to exclude new pension investments in private equity-backed fossil fuel midstream and downstream companies and projects, addressing a significant loophole in the funds’ Net-Zero Implementation Plan. This makes NYCERS, NYCTRS, and NYCBERS – three of New York City public pensions representing $207 billion in assets – the first-in-the-nation to make such a commitment, setting precedent for funds across the country and around the world to follow suit.