The Private Equity Stakeholder Project Stands in Support of the Stop Wall Street Looting Act

The Private Equity Stakeholder Project supports the Stop Wall Street Looting Act to curb the negative impacts of the private equity industry. The organization highlights that private equity assets grew from less than $1 trillion in 2004 to over $7.5 trillion, often utilizing high debt levels that are shifted onto acquired companies. The document asserts that this model leads to job losses, substandard healthcare, and the funding of fossil fuel infrastructure, specifically noting $1.1 trillion invested in energy assets since 2010.

• The private equity industry has seen rapid growth, with assets under management increasing from less than $1 trillion in 2004 to more than $7.5 trillion, and recording 6,298 deals worth $513 billion in the first half of 2021.
• Private equity firms typically use significant debt to acquire companies, placing that debt on the acquired company's balance sheet; in 2020, nearly 80% of deals were leveraged at more than 6 times EBITDA.
• The number of US employees at private equity-owned companies rose from 8.8 million in 2018 to 11.7 million in 2020, a 33% increase, while overall US employment fell by 4.5% during the same period.
• Since 2010, private equity firms have invested approximately $1.1 trillion into energy assets, including offshore drilling in the Gulf of Mexico, fracking, pipelines, and coal and gas power plants.

APA

Private Equity Stakeholder Project (2021). The Private Equity Stakeholder Project Stands in Support of the Stop Wall Street Looting Act. https://pestakeholder.org/news/the-private-equity-stakeholder-project-stands-in-support-of-the-stop-wall-street-looting-act/

Chicago

Private Equity Stakeholder Project. The Private Equity Stakeholder Project Stands in Support of the Stop Wall Street Looting Act. 2021. https://pestakeholder.org/news/the-private-equity-stakeholder-project-stands-in-support-of-the-stop-wall-street-looting-act/.

Wikipedia

{{cite press release |author=Private Equity Stakeholder Project |title=The Private Equity Stakeholder Project Stands in Support of the Stop Wall Street Looting Act |date=20 October 2021 |url=https://pestakeholder.org/news/the-private-equity-stakeholder-project-stands-in-support-of-the-stop-wall-street-looting-act/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{privateequitystakeholderproject2021private, author = {{Private Equity Stakeholder Project}}, title = {{The Private Equity Stakeholder Project Stands in Support of the Stop Wall Street Looting Act}}, publisher = {Private Equity Stakeholder Project}, year = {2021}, month = oct, url = {https://pestakeholder.org/news/the-private-equity-stakeholder-project-stands-in-support-of-the-stop-wall-street-looting-act/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }