Private equity accountability transcends electoral politics

The Private Equity Stakeholder Project asserts that the private equity industry's impact on the U.S. economy—with nearly $15 trillion in assets—requires accountability that transcends electoral politics. The organization highlights the industry's role in 65% of billion-dollar bankruptcies in early 2024 and its negative effects on healthcare, housing, and labor, while noting that private equity billionaires spent over $213 million to influence the 2024 elections.

• The private equity industry has a massive scale in the U.S. economy, managing assets totaling nearly $15 trillion, which is more than the GDP of almost any other country.
• Private equity was responsible for approximately 65% of bankruptcies valued at one billion dollars or more during the first half of 2024.
• Private equity billionaires spent more than $213 million to intervene in the 2024 elections, despite the industry laying off tens of thousands of workers in the same year.

APA

Private Equity Stakeholder Project (2024). Private equity accountability transcends electoral politics. https://pestakeholder.org/news/2024-election-statement/

Chicago

Private Equity Stakeholder Project. Private equity accountability transcends electoral politics. 2024. https://pestakeholder.org/news/2024-election-statement/.

Wikipedia

{{cite press release |author=Private Equity Stakeholder Project |title=Private equity accountability transcends electoral politics |date=8 November 2024 |url=https://pestakeholder.org/news/2024-election-statement/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{privateequitystakeholderproject2024private, author = {{Private Equity Stakeholder Project}}, title = {{Private equity accountability transcends electoral politics}}, publisher = {Private Equity Stakeholder Project}, year = {2024}, month = nov, url = {https://pestakeholder.org/news/2024-election-statement/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }