History Listory

A chronological record of major political events in modern American history.

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Private Equity

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This is a weak section as I don’t make it a point to “follow the money”, but there are events in the news which may provide context here and there to how the Trump administration runs this economy. If you want to go down a rabbit hole, here are some good articles:

https://moneyweek.com/investments/funds/private-equity-funds-bargain-discounts

https://corpgov.law.harvard.edu/2024/01/19/mergers-and-acquisitions-2024

https://pestakeholder.org/reports/healthcare-deals-2024-in-review/

https://pestakeholder.org/reports/private-equity-bankruptcy-tracker

TRUMP COMMUTES DAVID GENTILE https://apnews.com/article/trump-clemency-commutation-david-gentile-fraud-4901d5e2f710b47ee0372a3f0835fa6c

IN HEALTHCARE https://www.americanprogress.org/article/5-consequences-of-private-equitys-expansion-in-health-care-services

IN HEALTHCARE https://www.theguardian.com/us-news/ng-interactive/2025/may/27/exactech-tpg-medical-devices-bankruptcy

IN HEALTHCARE https://www.theguardian.com/us-news/2025/aug/18/us-private-prison-healthcare-industry

IN HEALTHCARE https://www.reuters.com/legal/government/pe-firm-welsh-carson-dodges-ftc-case-over-us-anesthesia-partners-acquisitions-2024-05-14

IN HEALTHCARE https://www.businessinsider.com/american-hospitals-bankrupt-closing-wealthy-investors-looting-reselling-private-equity-2025-3

IN HEALTHCARE https://en.wikipedia.org/wiki/Acadia_Healthcare

IN HEALTHCARE https://en.wikipedia.org/wiki/DaVita

IN HEALTHCARE https://www.americanprogress.org/article/5-consequences-of-private-equitys-expansion-in-health-care-services

IN HEALTHCARE https://www.reuters.com/legal/government/wellpath-spins-off-behavioral-health-unit-bankruptcy-sale-2025-01-08

RETAIL https://en.wikipedia.org/wiki/List_of_private_equity_owned_companies_that_have_filed_for_bankruptcy

SUB WALL https://www.wsj.com/articles/commonfund-raises-1-2-billion-for-secondary-investments-46998904

SUB WALL https://www.thetimes.com/business/companies-markets/article/private-equity-snaps-up-63bn-of-british-business-83tz7bjwp

PAY WALL https://www.washingtonpost.com/business/2025/10/27/private-equity-hospitals/

What About Private Equity?

2025-11-13 Private equity firms gutted American businesses and pensions (i.e. Mitt Romney’s Bain Capital). See Elizabeth Warren’s bill “Corporate Crimes Against Healthcare Act”.

https://www.ueunion.org/political-action/2012/mitt-romney-and-bain-capital-greed-debt-and-hypocrisy-

https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/

Terminology

Carried Interest: Allows hedge fund and private equity managers to have their income taxed at the 20% long-term capital gains rate rather than the standard 37%.

2022

2022-04-10 The House Oversight Committee investigated a $2 billion Saudi investment in Jared Kushner’s firm and Trump’s receipt of more than $250,000 in foreign gifts. In an article with CBS, Kushner stated he was not interested in rejoining the White House if Trump won the 2024 presidential election. In 2025, Kushner DID JOIN the White House as Trump’s special envoy in foreign affairs.

https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-investment-fund.html

https://www.nbcnews.com/politics/congress/house-oversight-investigating-2b-saudi-investment-jared-kushners-firm-rcna31805

https://www.cbsnews.com/news/jared-kushner-post-white-house-business-moves-saudis-wealth-fund-mohammed-bin-salman-jamal-khashoggi/

2025

2025-09-23 Deaths rose in emergency rooms after hospitals were acquired by private equity firms

https://hms.harvard.edu/news/deaths-rose-emergency-rooms-after-hospitals-were-acquired-private-equity-firms

https://achi.net/newsroom/study-patient-deaths-rose-after-hospitals-were-acquired-by-private-equity/

2025-11-30 Trump commuted the sentence of fraudster David Gentile who was sentenced to seven years in prison for defrauding thousands of investors by misrepresenting the performance of private equity firms.

https://apnews.com/article/trump-clemency-commutation-david-gentile-fraud-4901d5e2f710b47ee0372a3f0835fa6c

https://abcnews.go.com/US/wireStory/trump-commutes-prison-sentence-former-private-equity-executive-127985735

https://www.wealthmanagement.com/regulation-compliance/trump-commutes-sentence-of-gpb-capital-founder-david-gentile

https://www.bbc.com/news/articles/c7vmn61l75ro

2026

2026-03-25 Trump wants to hand your 401K over to private equity.

https://www.youtube.com/watch?v=JM-pflHGr78&list=WL&index=1

https://pestakeholder.org/news/trump-admin-dol-rule-bails-out-private-equity-with-your-401k/

https://www.youtube.com/watch?v=L0k9eBhH4o4

https://finance-pillar.wharton.upenn.edu/blog/private-equity-retirement-plans/

2026-04-15 Tapatio was bought out by a private equity firm.

https://sporked.com/article/tapatio-sold-private-investment-news/

https://www.fooddive.com/news/tapatio-hot-sauce-aquired-by-private-equity-firm/810011/

PAY WALL https://www.latimes.com/business/story/2026-04-12/tapatio-hot-sauce-is-sold-has-big-expansion-plans