April 1, 2016

Housekeepers at Lone Star Funds’ Hotel Burnham Chicago vote to unionize

Housekeeping workers at Lone Star Funds’ Hotel Burnham Chicago on March 31 voted overwhelmingly to join UNITE HERE Local 1. Lone Star Funds has owned the Burnham since February 2014.[1] The vote comes after over a year of picket lines, rallies and other actions, and despite vigorous management intimidation that led the General Counsel of […]

Read more

March 23, 2016

Hundreds of workers protest at TPG Capital’s and Leonard Green’s Palms Casino

Hundreds of workers marched on Friday, March 18 in front of the Palms Casino & Resort in Las Vegas  which is owned by private equity firms TPG Capital and Leonard Green & Partners. The protest drew media attention, including the Las Vegas Sun, which reported, “This was the first Culinary Workers Union 226 picket at the […]

Read more

March 22, 2016

Lone Star Funds’ Hotel Burnham Chicago to face prosecution by the NLRB General Counsel

The National Labor Relations Board’s (NLRB’s) General Counsel filed a complaint against the hotel on January 25, 2016,[1] beginning prosecution of the Hotel Burnham & Atwood Restaurant for firing server Evan Demma two weeks after he participated in a union protest.[2] Earlier this month Crain’s Chicago Business wrote that: Demma, a former server at the Burnham’s […]

Read more

March 3, 2016

FundFire: TPG Takes Long Route on $10B Fundraise

The Financial Times’ FundFire wrote “TPG Takes Long Route on $10B Fundraise” about TPG Capital’s ongoing efforts to raise TPG Partners VII  (behind a paywall) on February 17, 2016. “TPG Capital is nearing the finish line on its seventh buyout fund, but the jury is out on whether its 20-month journey to raise $10 billion – […]

Read more

March 2, 2016

Forbes: Lone Star Funds’ founder is “the Billionaire Banker in the Shadows”

Forbes this week published a lengthy profile on Lone Star Funds’ founder John Grayken, who it calls “the most shadowy” of the “new powerful class of ‘shadow’ bankers.” Read the full article here: http://www.forbes.com/sites/nathanvardi/2016/03/01/the-billionaire-banker-in-the-shadows/#5a72d1111f4d Forbes details the controversies that have erupted from the firm’s predatory business practices (the German press reportedly “called Lone Star ‘the […]

Read more

February 18, 2016

Private Equity International reports on Leonard Green & Partner’s private jet use

Private Equity International reports on Leonard Green & Partner’s private jet use PEI’s Private Funds Management published a story on Leonard Green & Partner’s private jets use with the headline Union questions Leonard Green private jet use. According to the article: Unite Here has reached out to Leonard Green LPs directly to inform them of the GPs’ […]

Read more

February 18, 2016

The New York Post reports on Leonard Green & Partner’s private jet use

The New York Post has written an article with the headline Hotel workers union slams private equity firm for corporate jet use. According to the post: “A hotel workers’ union that has been battling Leonard Green & Partners, the private equity owner of the Palms Casino Resort, is going after the firm’s managers for their liberal […]

Read more

January 21, 2016

Transparency and Leonard Green’s private jet travel: LP information request letter

Private equity manager Leonard Green & Partners has three private jets registered with the Federal Aviation Administration, tail numbers N750LG (Bombardier Challenger 600), N850LG (Gulfstream G-IV), and N950LG (Gulfstream G-IV), despite having an investment staff of only 40 people. Recently the US Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations, a number […]

Read more

January 12, 2016

Community organizations call on Lone Star Funds to stop predatory payday lending

Yesterday, 31 consumer advocacy and fair lending organizations sent a letter to Lone Star Funds calling on the manager to end predatory payday lending. The letter calls for fair lending practices at Lone Star Funds’ DFC Global, a major payday lender. The full letter can be found below or at www.LoanSharkFunds.org. Lone Star Funds purchased payday […]

Read more

January 4, 2016

NLRB General Counsel issues complaint at TPG Capital, Leonard Green & Partners-owned casino

Palms Casino settles federal government charges to avoid January 5, 2016 trial In late October 2015 the General Counsel of the National Labor Relations Board (NLRB), a federal government body, found merit with Unfair Labor Practice charges at TPG Capital’s and Leonard Green & Partners’ Palms Casino Resort in Las Vegas, Nevada and issued a […]

Read more