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Private equity firms have significantly enabled the U.S. to become the world's largest LNG exporter, with investment in 86% of operating terminals. The report argues that these investments drive climate change via methane emissions and pose safety risks to frontline communities, citing the 2022 Freeport LNG explosion as an example of operational failure linked to worker fatigue and mismanagement.

The report details how the North Carolina Retirement System (NCRS) has invested $3.25 billion in Landmark Partners, a firm that backs Progress Residential, the largest single-family rental company in the U.S. It argues that this investment supports a business model that squeezes profits from tenants through high rents, excessive fees, and neglected maintenance, while simultaneously reducing homeownership opportunities for working-class and Black residents in North Carolina.

The report details the ownership of Prospect Medical Holdings by Leonard Green & Partners from 2010 to 2021, alleging that the firm used dividend recapitalizations and sale-leaseback transactions to siphon $658 million in fees and dividends. This financial extraction occurred while Prospect hospitals suffered from low quality ratings, staffing shortages, and severe financial losses, eventually leading to service cuts and facility closures in states like Pennsylvania and Texas. The document argues that Leonard Green exited its majority stake in 2021, leaving the hospitals with substantial liabilities and diminished resources.

The report examines Wellpath, a major provider of healthcare services to U.S. prisons and jails owned by H.I.G. Capital. It details systemic failures in patient intake, medication management, and staffing levels, citing investigations by the U.S. Department of Justice and other watchdogs. The document also analyzes Wellpath's expansion into non-correctional psychiatric care for children and its use of political contributions to secure contracts with local sheriffs.

The report examines the intersection of the U.S. nursing shortage and private equity's expansion into travel nursing. It argues that while the pandemic exacerbated staffing issues, structural problems and profit-seeking by hospitals created a vulnerability that travel nursing agencies and private equity firms have exploited. The document details how private equity firms use leveraged buyouts and dividend recapitalizations to extract value from staffing agencies, while agencies have seen profit margins grow from 15% in 2019 to 62% in 2022. It also covers legislative efforts to address price gouging and the push for mandated staffing ratios.

The Private Equity Climate Risks Scorecard 2022 evaluates eight major private equity firms on their fossil fuel exposure, downstream emissions, and alignment with science-based climate targets. The analysis finds that most of these firms maintain significant fossil fuel holdings and lack transparency, with The Carlyle Group ranking lowest (F) and TPG Capital ranking highest (B). The report argues that private equity firms often acquire polluting assets shed by public markets, thereby increasing climate and financial risks while operating with minimal regulatory oversight. It concludes with five primary demands for the industry, including aligning with 1.5°C warming targets and disclosing full fossil fuel exposure.

The Private Equity Stakeholder Project urges KCERA to halt a proposed $40 million investment in Landmark Real Estate Partners Fund IX, citing systemic issues with Progress Residential, a Landmark investee. The document highlights allegations of unsafe housing conditions in Minneapolis and Charlotte, as well as a U.S. House of Representatives committee finding that Progress Residential used abusive eviction tactics during the pandemic.

In June 2022, 85 private equity transactions were tracked in the healthcare sector, including significant activity in clinical research organizations, medical technology, and physical therapy. A primary focus is the $5 billion acquisition of Advarra by Blackstone and the Canada Pension Plan Investment Board, highlighting the growth of for-profit Institutional Review Boards (IRBs). The document notes that commercial IRBs now oversee approximately 70 percent of US clinical trials for drugs and medical devices, raising concerns among policymakers and bioethicists regarding potential conflicts of interest and the erosion of ethical oversight in human research.

The document details the rise of the institutional single-family rental (SFR) industry following the 2008 financial crisis, highlighting how private equity firms like Blackstone, Pretium Partners, and Cerberus Capital Management have acquired hundreds of thousands of homes. It argues that these firms outcompete individual homebuyers with cash offers and impose high rents and fees on tenants. The report provides evidence of widespread eviction filings during the COVID-19 pandemic, often targeting majority-Black communities, and documents systemic failures in property maintenance. It also critiques the National Rental Home Council (NRHC) as a lobbying tool for the industry's largest players and recommends legislative protections including rent caps, 'Just Cause' eviction laws, and beneficial ownership disclosure.

The Private Equity Stakeholder Project calls on KKR to prevent anti-union practices at Refresco's New Jersey plant during a rerun of a union election. The document alleges that Refresco previously used union-busting law firms and legal delays to avoid recognizing the United Electrical, Radio, and Machine Workers of America (UE) after a successful 2021 vote.

In January 2022, private equity firms focused heavily on consolidating eye care, dental services, and medical staffing in the US. The report highlights the use of platform companies for add-on acquisitions and notes concerns regarding cost-cutting in dental services and exorbitant pricing in nursing staffing.

The report examines Packers Sanitation Services Inc (PSSI), a food sanitation company owned by the Blackstone Group, highlighting a pattern of severe workplace injuries and fatalities. It argues that private equity practices, specifically dividend recapitalizations that load companies with debt, create financial pressures that lead to safety shortcuts and the exploitation of vulnerable immigrant and formerly incarcerated workers.

The Private Equity Stakeholder Project (PESP) reports that corporate landlords filed at least 123,761 evictions in 2021 across Georgia, Florida, Texas, Arizona, Tennessee, and Nevada. The testimony highlights a surge in filings following the end of the federal eviction moratorium in August 2021, noting that corporate landlords were responsible for over 56% of all evictions in tracked counties between late August and December 31. PESP identifies Pretium Partners as a top filer with at least 2,202 filings in 2021, and notes a record 90,000 single-family home acquisitions by investors in the third quarter of 2021.

The Private Equity Stakeholder Project and the UE union argue that PAI Partners' commitment to ESG is contradicted by Refresco's labor abuses, safety violations, and environmental non-compliance.

The report profiles 12 private equity firms—including Blackstone, Carlyle, and KKR—detailing their substantial portfolios of oil, gas, and coal assets. It argues that these firms fuel the climate crisis and environmental injustice while their executives accumulate immense wealth and social prestige. The document provides specific examples of environmental violations, such as oil spills and methane leaks, and highlights the firms' tendency to avoid global climate pledges like those made at COP26.

The report argues that Cerberus Capital Management has demonstrated poor investment performance relative to peers and faces significant risks across its portfolio. It highlights losses in German banking investments, reputational damage from financing the 'asset stripping' of newspapers via Alden Global Capital, and legal issues involving military contractors and residential evictions.

The Private Equity Stakeholder Project (PESP) testifies that manufactured housing, which comprises 6.3% of the U.S. housing stock, is increasingly owned by private equity firms and institutional investors. These owners leverage the limited mobility of residents—who often cannot move or sell their homes without significant loss—to increase rents and fees. PESP highlights YES! Communities as a primary example of aggressive eviction practices, particularly during the COVID-19 pandemic. The document calls for rent regulations, 'good cause' eviction laws, and paths toward resident or public ownership to preserve affordability and safety.

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 report analyzes the energy portfolios of ten major private equity firms, finding that 80% of their energy assets are in fossil fuels. It highlights that these investments often yield low returns and disproportionately impact communities of color, while the industry's private nature allows these activities to avoid the public scrutiny faced by publicly traded oil majors.

The report details how Apollo Global Management leveraged LifePoint Health to generate profits and expand its healthcare footprint while the company received $1.64 billion in CARES Act support. It highlights a $1.6 billion profit made by Apollo selling LifePoint from one of its funds to another and the acquisition of Kindred Healthcare, which created the largest private-equity-owned healthcare company in the US. The document argues that these financial maneuvers prioritize private equity returns over patient care, noting that LifePoint hospitals lag national quality averages and faced critical ICU capacity shortages during COVID-19 surges.