Asset managers, private investment firms, and institutional investors like pension funds have divergent interests, though as the SpaceX IPO reveals, the money power acts in concert.
Blackstone
Posted inEnergy and the Environment
Blackstone’s Utility Gambit in New Mexico Could Slip Away
Both the firm and the utility company it’s trying to take private face potential maximum fines and a hard reset of the acquisition process for flouting New Mexico state law.
Posted inEnergy and the Environment
Consumer Advocates Could Derail Blackstone’s Utility Acquisition
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?
Posted inEnergy and the Environment
Private Equity’s Utility Spending Spree Threatens New Mexico
Two firms are vying for control over much of New Mexico’s energy infrastructure, but consumer advocates are fighting back.