19 Mar, 2016
U.S. hospitality workers union releases list of responsible, irresponsible private equity, real estate managers
CHICAGO–(BUSINESS WIRE)–March 17, 2016 – In recent years, private equity and private equity real estate managers have raised record amounts of capital from pension funds, foundations, endowments, and other institutional investors to back big hotel and casino investments and the growing hospitality industry. Now UNITE HERE, the union of hospitality workers throughout North America, is releasing an updated List of Responsible and Irresponsible Private Equity Managers in the Hospitality Industry to help staff and trustees of pension funds and other institutional investors make smart decisions.
The list is available below and at www.PECloserLook.org.
UNITE HERE created this list to help pension funds and other institutional investors identify socially responsible investment partners and steer clear of private equity managers with labor disputes that could impact their returns. Staff and trustees of pension funds nationwide manage more and $5 trillion and are the largest investor group in private equity. In creating the list, UNITE HERE analysts used several criteria to evaluate private equity managers, including responsiveness to outreach, labor disputes at hospitality properties or portfolio companies, and track record of ensuring labor peace at hospitality properties or portfolio companies.
|Rockpoint Group||Walton Street Capital|
|Angelo, Gordon & Co||Ares Management|
|Blackstone Group||Lone Star Funds|
|CIM Group||Carlyle Group|
|Apollo Global Management||Prudential|
|PCCP LLC||KSL Capital|
|Stockbridge Capital||Garrison Investment Group|
|AFL-CIO BIT/ HIT||Olympus Partners|
|HEI Hotels & Resorts||Cornerstone RE Advisers/ Baring Asset Management|
|Kennedy-Wilson Cos||Northwood Investors|
|UBS Realty||Clarion Partners|
|Westbrook Partners||Dune Capital|
|Lowe Enterprises||Starwood Capital|
|Intercontinental Real Estate||AEW Capital Management|
|Leonard Green & Partners|
Responsible managers above are managers that have reached an agreement ensuring labor peace at hospitality-related properties or companies, creating a basis for cooperation.
Irresponsible managers above are managers that have refused multiple requests to meet, have refused to identify places to work together, or have had a long-standing, unresolved dispute at a hospitality-related property or portfolio company.
UNITE HERE is the union of hospitality employees throughout North America
UNITE HERE, Jim Baker, 312-933-0230, firstname.lastname@example.org