private equity Archives - Page 5 of 9 - Americans for Financial Reform

News Release: Department of Labor to Allow Retirement Plans to Consider Sustainability, Jobs, Equity, and Worker Rights

WASHINGTON, D.C. — The U.S. Department of Labor’s final rule takes an important step to safeguard the savings of millions of workers who participate in private-sector employee benefit plans by allowing workers’ private retirement plans and pensions to consider sustainability factors like climate change, workers’ rights, racial, economic and environmental justice, and corporate governance when investing and voting proxies.

Blog Post: Private Equity Set to Loot Albertsons Ahead of Proposed Merger With Rival Kroger

Cerberus Capital Management, the private equity owner of Albertsons grocery stores, is quickly moving to extract an unusually large amount of money from the grocer that would leave Albertsons in a much worse position to repay the massive debt load put on by its private equity owners. This move puts many of Albertsons’ workers and their pensions at risk.

News Release: New Scorecard Shows Private Equity’s Race to the Bottom on Climate

The Carlyle Group, Warburg Pincus, and KKR are the top three offenders on climate among private equity firms, continuing to invest in polluting industries and exposing investors to significant climate-related risk, according to a new scorecard developed by the Private Equity Stakeholder Project (PESP) and Americans for Financial Reform Education Fund (AFREF).

News Release: AFR Applauds Overdraft Protection Act’s Passage in the House Financial Services Committee

Washington, D.C. — Americans for Financial Reform applauds the House Financial Services Committee’s passage of Rep. Maloney’s long-standing bill, the Overdraft Protection Act, which passed by a vote of 27-22.

Letter: Investigate Private Equity Role in Emergency Medicine

AFR joined a letter from a partner organization, Take Medicine Back, to the North Carolina attorney general about the role of private equity in the corporate practice of emergency medicine.

Blog: Antitrust Authorities Turn Focus to Private Equity Role in Monopolies

At long last, private equity is getting the attention it deserves from antitrust authorities as a force for consolidation, higher prices, and less consumer choice.

Research Memo: New AFR Research Estimating Minimum Number of Private Equity-Owned Housing Units

Private equity firms have become some of the country’s biggest corporate landlords. Americans for Financial Reform estimated that as of June 2022, at a minimum, private equity firms owned real estate rented by around 1.6 million families.

Blog: Private Equity and The Care Economy

Having a rapacious business like private equity watching over particularly vulnerable people has never been a good idea. Still the evidence is mounting that Wall Street has pushed the envelope in recent years. Nursing homes, youth facilities, and homes for disabled adults have all fallen under the ownership of an industry with a track record of prioritizing wealth extraction over running companies well, to say nothing of caring for people in need.

Report: Private Equity Ownership of U.S. Power Plants: A Hidden Climate Threat

Private equity investment firms have quietly bought up close to 700 predominantly fossil fuel-fired electric power plants, making these Wall Street investment houses major greenhouse gas emitters.

Letters to Regulators: Letter to the SEC in Support of Proposals to Protect Investors in Private Funds

AFREF led 26 other organizations in a letter to the Securities and Exchange Commission supporting its proposals that would provide to investors in private funds (such as hedge funds and private equity funds) basic and important information on a quarterly basis to make informed investment decisions.