As Michigan is in the spotlight today, it's worth asking who is shaping the state's future beyond the ballot box. PESP's op-ed examines Blackstone's role in financing the Saline data center and why the firm deserves closer scrutiny. michiganadvance.com/2026/06/15/s...

Private equity is making its way deeper into the Pentagon. Cerberus founder Stephen Feinberg is now Deputy Defense Secretary. Now, Sen. Warren is raising concerns as the DoD recruits private equity and Wall Street insiders into defense contracting. pestakeholder.org/news/stephen...

Nearly 13,000 workers lost their jobs through WARN notices filed by more than 100 private equity-, venture capital-, and asset manager-backed companies in the first months of 2026. And that's likely an undercount. PESP tracks the trends:

Manufacturing firms represented 16% of large U.S. private equity acquisitions in the first quarter of 2026. PESP examines how private equity ownership is reshaping manufacturing through consolidation, layoffs, plant closures, and other industry trends. pestakeholder.org/news/private...

Private equity’s influence in U.S. manufacturing

Private Equity in Manufacturing In the first quarter of 2026, private equity firms acquired stakes in more than 100 US-based companies with at least 500 employees. Manufacturing firms represented 16%

pestakeholder.org

Private equity's hospital ownership is becoming more complex. 🏥 Nearly 1 in 10 private hospitals are PE-owned. 🏦 Nearly 1 in 3 PE-owned hospitals have REIT-owned real estate. 🤝 More than 1 in 5 operate through nonprofit joint ventures. See the data: pestakeholder.org/pesp-private...

JPMorgan owns El Paso Electric. JPMorgan is also helping secure $13 billion in financing for Meta's El Paso data center. In other words, it's on both sides of the deal.

JPMorgan’s dual role at El Paso Electric, Meta El Paso data center

On June 9, Nichole Heil of PESP provided the below testimony to the El Paso, Texas City Council regarding the proposed Meta data center: Good morning. My name is Nichole with the Private Equity…

pestakeholder.org

One of the world's largest data center investors will soon also be a major fossil fuel investor. If DigitalBridge's acquisition of ArcLight Capital Partners closes, it will profit from both the AI data center boom and a sprawling fossil fuel portfolio. pestakeholder.org/news/digital...

DigitalBridge-ArcLight deal ties AI data center boom to sprawling fossil fuel portfolio

Data center expansion and AI-driven electricity demand may give aging coal and gas plants a new financial lifeline BOSTON, MA — A major acquisition announced Wednesday could further entrench private…

pestakeholder.org

As communities across the country speak out about the rapid expansion of AI data centers today, it’s worth asking who is financing the buildout. PESP found that PE firms now own or have major stakes in nearly half of the 25 largest U.S. data center companies.

Private equity cash fuels data center buildout

While big tech firms have drawn scrutiny and local resistance for the massive buildout of data centers, private equity and credit firms are also playing a critically important behind the scenes role…

pestakeholder.org

The State Street Private Capital index shows that through 2025, private equity AGAIN underperformed stocks (S&P 500 index) over the last 1, 3, 5, and 10 years. globalmarkets.statestreet.com/portal/peind...

Private Capital Indices | Private Capital Research Insights Market Trends Q3 2025

Private Capital Performance and Research Insights | Vintage-level Mean Reversion in Private Equity | Concentration in AI Model Providers | This article presents data-driven analysis of market trends…

globalmarkets.statestreet.com

Another news organization under the influence of a private equity firm www.investing.com/news/stock-m...

Thomson Reuters to sell 51% stake in global print business to KKR for $500 million By Reuters

Thomson Reuters to sell 51% stake in global print business to KKR for $500 million

investing.com

AI is already reshaping healthcare. As private equity firms partner with leading AI companies, healthcare workers should ask: Who benefits? Read PESP's new op-ed in @medpagetoday.bsky.social: www.medpagetoday.com/opinion/seco... Thanks @gfriedman.bsky.social

Opinion | Private Equity's New AI Push Raises Old Questions for Healthcare

As Wall Street firms partner with AI companies, clinicians should ask, 'Who benefits?'

medpagetoday.com

Families shouldn't have to compete with Wall Street to buy a home. That's why PESP is proud to support the Protecting American Homes from Hedge Funds Act, which would phase hedge funds and large institutional investors out of the single-family housing market. adamsmith.house.gov/news/press-r...

Reps. Smith, Khanna, Sánchez, and Williams Introduce Protecting American Homes from Hedge Funds Act

FOR IMMEDIATE RELEASEReps. Smith, Khanna, Sánchez, and Williams Introduce Protecting American Homes from Hedge Funds Act New legislation would permanently drive hedge funds out of the single-family…

adamsmith.house.gov

The 21st Century ROAD to Housing Act is set to become law, taking an important first step toward limiting corporate ownership of single-family homes. But Wall Street's footprint extends far beyond single-family housing. Congress must build on this progress. pestakeholder.org/news/new-hou...

New housing law is a first step, but more action needed

Private Equity Stakeholder Project Comment on Passage of ROAD to Housing Act New law takes a first step to curb corporate ownership of single-family homes WASHINGTON, D.C. — Today…

pestakeholder.org

As Brookfield moves to acquire one of the nation's largest manufactured housing operators, residents are asking whether the new owner will reverse a policy that has left some without effective cooling during extreme heat. pestakeholder.org/news/will-br...

Will Brookfield end Yes Communities’ window A/C ban?

Will Brookfield allow Yes Communities residents to have window air conditioners in their homes? The private equity company Brookfield is in the process of acquiring Yes Communities, one of the…

pestakeholder.org

New Guardian coverage on our report on nonprofit-private equity joint ventures. Our research identified 500+ healthcare facilities operating through these partnerships, which can introduce Wall Street financial tactics into nonprofit health systems. www.theguardian.com/us-news/2026...

Watchdog warns of risks to patients as private equity’s stake in US healthcare grows

New report details slew of ventures between private equity and non-profits and calls for greater government oversight

theguardian.com

Private equity's healthcare playbook is changing. Our new report identifies 500+ healthcare facilities operated through nonprofit-private equity joint ventures—bringing Wall Street financial tactics like sale-leasebacks into nonprofit health systems. pestakeholder.org/reports/priv...

Private equity’s joint venture takeover of nonprofit healthcare

Over the past decade, private equity has dramatically expanded its presence across the healthcare system. While much of the public attention has focused on traditional acquisitions of hospitals…

pestakeholder.org

More than 500 workers at West Suburban Medical Center have received layoff notices. West Suburban's financial troubles didn't begin this year. They trace back to its PE ownership under Pipeline Health. Communities are still paying the price. www.chicagobusiness.com/health-care/...

West Suburban sends 500 layoff notices as hospital rescue talks roll on

Permanent layoff notices have gone out to more than 500 workers at West Suburban Medical Center, most of whom have been out of work since the Oak Park hospital closed in March.

chicagobusiness.com

Michigan is preparing to dedicate significant resources and public support to a massive data center. Before doing so, shouldn't there be a closer look at the private equity giant financing roughly 90% of the project? Read our latest op-ed in Michigan Advance: michiganadvance.com/2026/06/15/s...

Should Michigan be handing its resources to Blackstone? • Michigan Advance

Before dedicating land, water, electricity, and public support to the massive Saline data center, state leaders should take a closer look at the private equity giant financing it.

michiganadvance.com

A new Guardian investigation examines how Greystar, the nation's largest apartment owner and manager, has turned fees into a growing source of revenue—leaving many renters paying far more than advertised rent. PESP contributed data analysis to the investigation. www.theguardian.com/us-news/ng-i...

‘Extremely overwhelmed’: apartment renters face rising tide of fees

Guardian investigation: Renters at apartment buildings operated by industry giant Greystar complain they’re deluged by ‘unfair’ and ‘inflated’ fees. The company denies these claims

theguardian.com

Institutional investors hold more than $6.5 trillion in fossil fuel company stocks and bonds. PESP endorsed Investing in Climate Chaos 2026, a new database tracking fossil fuel investments by more than 8,400 institutional investors worldwide. Explore the data: www.investinginclimatechaos.org

New Mexico doesn't have to guess what Blackstone ownership could mean for PNM. The state can already look at Blackstone's record at NIPSCO, its labor practices, and its growing data center interests. That's why New Mexico regulators should reject the deal. pestakeholder.org/media_covera...

ABQ Journal op-ed: Blackstone’s PNM takeover

The following op-ed by PESP Senior Research Coordinator Nichole Heil published in June in the Albuquerque Journal: New Mexico is among the states most exposed to private equity ownership across…

pestakeholder.org

It’s no surprise to find Blackstone at the scene of the controversial Stargate data center development in Michigan. Private equity firms are the largest owners of data centers other than Big Tech companies and nearly half of the top 25 data center owners in the U.S. are linked to private equity.

Should Michigan be handing its resources to Blackstone? • Michigan Advance

Before dedicating land, water, electricity, and public support to the massive Saline data center, state leaders should take a closer look at the private equity giant financing it.

michiganadvance.com

The decision highlights a broader question regulators are increasingly confronting: are private-equity-style return expectations compatible with the long-term stewardship of essential infrastructure? From Michigan to Minnesota to New Mexico, similar concerns keep emerging.

NEW: PESP's new Corporate Landlord Legislation Tracker provides a comprehensive look at the 76 bills introduced in 2026 that seek to regulate corporate landlords as Americans contend with a worsening affordability crisis. pestakeholder.org/news/as-hous...

As housing costs rise, state policymakers move to rein in corporate landlords

PESP report tracks wave of state-level legislation to address Wall Street’s impact on housing affordability

pestakeholder.org

New Mexico hearing examiners found that Blackstone and TXNM violated state law and recommended significant penalties related to Blackstone’s proposed takeover of PNM. Another warning sign that private equity and public utilities may not mix. pestakeholder.org/news/nm-reco...

NM recommendation shows why Blackstone should not own PNM utility

PESP: New Mexico recommendation shows why Blackstone should not own PNM utility Hearing examiners’ finding that Blackstone and TXNM violated state law raises new doubts about proposed utility…

pestakeholder.org

Banks poured $906B into fossil fuel companies in 2025, including a record $508B for fossil fuel expansion. PESP is proud to endorse the new Banking on Climate Chaos report, which cites our research documenting private equity's growing role in fossil fuel expansion. www.bankingonclimatechaos.org

Banking on Climate Chaos 2026 - Banking on Climate Chaos

Use the drop-down menu to explore the patterns in bank financing for fossil fuels over time. Click on any colored label on the x-axis to show or hide that data.

bankingonclimatechaos.org

PE firms have spent years buying up pipelines, LNG terminals, and other energy infrastructure. A new story examines how conflict involving Iran could expose pension funds and other investors to those growing geopolitical risks. www.thebureauinvestigates.com/stories/2026...

The war on Iran could send UK pensions up in smoke

Local government pensions have been ploughed into risky fossil fuel assets that are now in the line of fire

thebureauinvestigates.com

Private equity firms are pushing for greater access to Americans’ 401(k)s. PESP warns that expanding private market investments in retirement accounts without strong safeguards could expose workers to higher fees, less transparency, and greater risks. pestakeholder.org/news/pesp-op...

PESP opposes DOL’s proposed 401(k) private markets rule

As pensions pull back from private equity, PESP and lawmakers raise concerns about fees, liquidity, and weakened investor protections The Private Equity Stakeholder Project (PESP) has submitted a…

pestakeholder.org

Illinois lawmakers just advanced two major bills targeting private equity in essential care systems. States are increasingly stepping in where federal action has lagged. pestakeholder.org/news/il-adva...

IL advances new oversight of private equity in healthcare

PESP testimony and research informed legislation addressing healthcare transactions and private equity ownership in developmental disability services SPRINGFIELD, IL — Two major Illinois measures…

pestakeholder.org

Connecticut enacted a major new hospital oversight law. Gov. Lamont signed SB 196, which bars private equity entities from holding controlling interests in CT hospitals and increases oversight of hospital sale-leaseback transactions. pestakeholder.org/news/gov-lam...

Gov. Lamont signs CT hospital oversight law targeting private equity influence

New law bars private equity entities from holding controlling interests in Connecticut hospitals following Prospect turmoil HARTFORD, CT — The Private Equity Stakeholder Project (PESP) applauds…

pestakeholder.org