Private equity Archives | naked capitalism

Expose at Pennsylvania’s Biggest Public Pension Fund Reveals Lavish Private Equity Travel, But Misses How It Serves as a Bribe

Pennsylvania pension fund PSERS is under the hot lights for pricey travel. And its explanations only confirm its capture by private equity.

LACERS Board Member Lambastes Lousy Private Equity Returns as More Studies Confirm Poor Performance for Decades

Yet another nail in the private equity performance coffin.

Sick Unicorns: America’s Broken Start-Up System

Unicorn startups are even more unprofitable than those that did not achieve unicorn status.

Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses

A Biden rescue of the sickest private pension plans goes largely under the radar.

Recent Judge Rakoff Decision May Curb Private Equity Leverage Abuses By Pinning Liability on Directors of Selling Company

Some of the worst private equity practices, like buyers pulling out more cash at closing than they put in, were targeted by a recent ruling.

More Evidence That Private Equity Kills: Estimated >20,000 Increase in Nursing Home Deaths, 160,000 Life Years Lost Due to Cuts in Care

Private equity greed knows no bounds: their nursing home acquisitions generated a “serious” rise in deaths and fall in other measures of care

Hoist on His Own Petard? Kentucky Attorney General’s Apparent Plan to Settle Landmark Pension Case Mayberry v. KKR Likely to be Undermined by Discovery

Kentucky Attorney General Daniel Cameron may have outfoxed himself by joining a landmark case against grifting private equity moneybags.

Criminal Tax Cheat Robert Smith of Private Equity Firm Vista Gets a Pass for Conduct Worse Than Apollo’s Leon Black, Now in Epstein Doghouse

Neil Weinberg and David Voreacos published an in-depth account at Bloomberg of how private equity baron Roger Smith escaped being indicted for criminal tax fraud despite having concealed over $200 million in income. The very short version is that Smith and his allies got to Attorney General William Barr, both through Barr’s former firm Kirkland […]

Goldman Is Evil But McKinsey Is Worse

Why the McKinsey veneer is looking tattier and tattier with every passing day, and why that’s not likely to change.

Pension Bridge Presents Former CalPERS CIO Ben Meng as ESG Leader Despite California Investigation for Conflict of Interest That Led to His Exit

Pension Bridge discredits itself by inviting former CalPERS CIO Ben Meng, under investigation for ethics violations, to speak at its ESG event

Investors Not Reassured by Apollo Trying to ‘Splain Leon Black’s $188 Million in Payments to Serial Child Rapist Jeffrey Epstein

Apollo is not having much success with its claim that a $188 million paid by Leon Black to Jeffrey Epstein in fees and loans was bona fide.

Fearless commentary on finance, economics, politics and power

Category Archives: Private equity

Expose at Pennsylvania’s Biggest Public Pension Fund Reveals Lavish Private Equity Travel, But Misses How It Serves as a Bribe

LACERS Board Member Lambastes Lousy Private Equity Returns as More Studies Confirm Poor Performance for Decades

Sick Unicorns: America’s Broken Start-Up System

Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses

Recent Judge Rakoff Decision May Curb Private Equity Leverage Abuses By Pinning Liability on Directors of Selling Company

More Evidence That Private Equity Kills: Estimated >20,000 Increase in Nursing Home Deaths, 160,000 Life Years Lost Due to Cuts in Care

Hoist on His Own Petard? Kentucky Attorney General’s Apparent Plan to Settle Landmark Pension Case Mayberry v. KKR Likely to be Undermined by Discovery

Criminal Tax Cheat Robert Smith of Private Equity Firm Vista Gets a Pass for Conduct Worse Than Apollo’s Leon Black, Now in Epstein Doghouse

Pension Bridge Presents Former CalPERS CIO Ben Meng as ESG Leader Despite California Investigation for Conflict of Interest That Led to His Exit

Investors Not Reassured by Apollo Trying to ‘Splain Leon Black’s $188 Million in Payments to Serial Child Rapist Jeffrey Epstein

Some Implications of the GameStop Short Squeeze

Why Apollo’s Palace Coup Against Leon Black and Further Disclosures on Jeffrey Epstein Are Not Reassuring

Schaudenfreude Alert: Bezos-Buffet-Dimon Health Care Industry Disruptor Haven Makes Faceplant, Announces Closure

Tip Jar