Three of the world’s largest alternative asset managers gated flagship funds this week in a cascading series of withdrawal restrictions that began in private credit and spread into private equity, marking a new phase in a liquidity crunch building since the start of the year. On June 2, Cliffwater LLC capped redemptions from its $31 […]
The post Private Markets Face Liquidity Reckoning as…
The mother lode of utility buyouts just landed on Hoosiers’ doorstep. Regulators have no say over whether the deal goes through.
The post Indiana’s Private Equity Power Play appeared first on The American Prospect.
Julia’s first TikTok to hit a million views came at a price—her job. The video, from April 23, 2024, shows Julia working as a barista at Foxtrot—the “elevated” convenience store chain with dozens of locations in Chicago, Texas, and Washington, DC, and known for coffee, upscale groceries, wine, and its own delivery app. The caption […]
The industry has grown rapidly, straining state budgets. A focus on finances has led to overbilling, fraud and even harm.
They played second fiddle to private equity and hedge funds for years, but 2026 is shaping up to be “the year of the bank,” one consultant said.
They played second fiddle to private equity and hedge funds for years, but 2026 is shaping up to be “the year of the bank,” one consultant said.
A class action claims Bowlero bought up bowling alleys nationwide, raised prices, cut quality, and ruined an American pastime.
Bill McGlashan served time for trying to buy his son’s way into college during the Varsity Blues scandal. He hopes his new venture will restore his name — and save the planet.
For decades, Wall Street and Washington quietly maintained a two-tiered financial system in America. One set of rules for the wealthy and politically connected, and another for everyone else. But President Donald Trump is trying to smash the old system and level the playing field. With his August 7, 2025, Executive Order titled “Democratizing Access […]
Tory Burch is getting closer to repurchasing shares of the company from private equity group General Atlantic for an estimated…
Talk about regression candidates. Just over a month ago, football journalist Arif Hasan broke the news that analytics giant Pro Football Focus was purchased by Teamworks, an even larger analytics giant, for somewhere north of $130 million. According to Hasan, many employees working on the consumer side of PFF weren’t informed of the news by the company itself. It didn't take those poor souls very…
Last week, authorities in Louisiana issued an arrest warrant for a businessman who they believe has run a vitriolic social media account that for years has harassed and threatened critics of America’s largest hospital landlord—Medical Properties Trust (MPT). Last year, Mother Jones and Reveal investigated MPT and found that its business model was sinking hospitals […]
Wall Street wants you to believe AI is to blame for the incipient credit crisis. But the crappy software loans spooking investors are the products of old-economy greed and brazen collusion.
The post The Private Credit Cartels appeared first on The American Prospect.
Donald Trump has spent much of his second term using the U.S. presidency as a giant ATM for himself, his family, and his cronies. Now he’s devised a way for the cryptocurrency and private equity industries to do the same—while further lining his own pockets and putting Americans’ nest eggs at risk.
The Trump administration on Monday announced plans to open 401(k) retirement plans to investments…
The industry bought companies for too much money and made a bunch of bad loans. Now they’re scrambling to avoid the reckoning.
The post Private Equity’s Great Escape appeared first on The American Prospect.
Within the Senate’s housing bill lie the terms of an unusual debate: Who gets to own — and live in — single-family homes?
The Wall Street titan Leon Black paid Jeffrey Epstein $170 million for what he said was tax and estate work. But his services went beyond that.
OpenAI will mit einem neuen Joint-Venture im Wert von 10 Milliarden Euro den Unternehmensmarkt für Künstliche Intelligenz erobern. Der KI-Pionier verhandelt laut Berichten vom März 2026 mit Finanzinvestoren wie TPG und Bain Capital über eine eigene Vertriebsschmiede. Das Ziel: KI-Tools direkt in Tausende Portfoliounternehmen der Investoren integrieren.AnzeigeWährend OpenAI den Vertrieb massiv…
Paying taxes would feel better if the truly rich were bearing a fair share, our columnist says.
The Hawaii senator and heir apparent to Chuck Schumer attacked a bipartisan housing bill without trying to fix it, merely to show support for private equity.
The post Brian Schatz’s Signals of Comfort With Big Money appeared first on The American Prospect.
How the Massachusetts senator enlisted most Senate Republicans to support sweeping legislation
The post Elizabeth Warren’s Amazingly Progressive Housing Bill appeared first on The American Prospect.
A presentation from a headhunting firm aimed to recruit Wall Street investors to the Pentagon by offering “unmatched access” to government officials and fund-raising opportunities among foreign sovereigns.
On a quick break between calls, Kathleen’s co-worker asked her where she could learn more about unionization efforts at their company. Check Instagram, she replied. Kathleen’s manager quickly came over to reprimand her; two days later, she was fired. Workplace crackdowns on union activity are a familiar story; most go unchecked. But Kathleen’s employer has […]
The private equity behemoth’s bid to acquire New Mexico’s largest electricity provider could be null and void. Will regulators be bold enough to apply the law?
The post Consumer Advocates Could Derail Blackstone’s Utility Acquisition appeared first on The American Prospect.
Colleges want exemptions from antitrust and labor laws, so they can continue to hoard billions in cash from sports and deny the players their rights. So far, they’ve failed.
The post How Congress Refused to Save the NCAA From Itself appeared first on The American Prospect.