Private Equity’s Responsibilities During the COVID-19 Pandemic

The Private Equity Stakeholder Project asserts that the private equity industry, which managed $6.5 trillion in assets as of 2019, must protect vulnerable stakeholders during the COVID-19 pandemic. The statement demands that firms ensure paid sick leave and safe conditions for the 8.8 million workers employed by the US private equity sector, return fees from health care portfolio companies, halt evictions and foreclosures in owned housing, and suspend debt collection activities.

• The private equity and private funds industry has expanded significantly, with private market assets under management reaching $6.5 trillion in 2019 and the US private equity sector directly employing 8.8 million workers as of 2018.
• The author demands that private equity firms protect workers by providing at least two weeks of paid sick leave, twelve weeks of family and medical leave, comprehensive health care, and safe working conditions with necessary protective equipment.
• Regarding health care and housing, the document calls for the return of fees and dividends from health care companies to increase resources for the pandemic response, the cessation of surprise medical billing, and a total halt to evictions, rent increases, and mortgage foreclosures.
• The statement requests specific concessions for incarcerated and detained people, including free communication services from telecom companies, the elimination of commissary mark-ups, and the provision of adequate medical care and testing.
• In the area of consumer lending and debt collection, the document advocates for the suspension of all debt collection activities, the halting of negative credit reporting, and a 36% cap on interest rates for new loans.

APA

Private Equity Stakeholder Project (2020). Private Equity’s Responsibilities During the COVID-19 Pandemic. https://pestakeholder.org/news/private-equitys-responsibilities-during-the-covid-19-pandemic-2/

Chicago

Private Equity Stakeholder Project. Private Equity’s Responsibilities During the COVID-19 Pandemic. 2020. https://pestakeholder.org/news/private-equitys-responsibilities-during-the-covid-19-pandemic-2/.

Wikipedia

{{cite press release |author=Private Equity Stakeholder Project |title=Private Equity’s Responsibilities During the COVID-19 Pandemic |date=24 March 2020 |url=https://pestakeholder.org/news/private-equitys-responsibilities-during-the-covid-19-pandemic-2/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{privateequitystakeholderproject2020private, author = {{Private Equity Stakeholder Project}}, title = {{Private Equity’s Responsibilities During the COVID-19 Pandemic}}, publisher = {Private Equity Stakeholder Project}, year = {2020}, month = mar, url = {https://pestakeholder.org/news/private-equitys-responsibilities-during-the-covid-19-pandemic-2/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }