Find more information on the issues deeply affected by private equity investments:
Private equity firm Platinum Equity owns prison and jail telecom contractor Aventiv Technologies (formerly Securus). The largest and one of the most predatory providers of phone and communications services to jails, prisons, and immigration detention centers in the U.S.,…
Over the last several years, Platinum Equity and its founder Tom Gores have faced significant criticism for its ownership of prison and jail telecommunications company Securus (also called Aventiv Technologies) and the high rates it charges…
In July 2019, private equity firm Platinum Equity reported using two placement agents, VolcomCapital SA and Magenta Capital Services Ltd., to raise capital from non-US investors for Platinum Equity Capital Partners V.[i] VolcomCapital was founded by Sebastián Piñera…
Private equity firm Platinum Equity owns Aventiv Technologies, the parent company of prison and jail phone and communications company Securus, as well as JPay and AllPaid, which provide money transfer services for incarcerated people and their families. Worth Rises’…
The COVID-19 pandemic poses an unprecedented risk for people who are incarcerated or detained. Prisons and jails are breeding grounds for infection as people are crowded into tight quarters and forced to share cells and showers, making social distancing impossible…
Private equity firm Platinum Equity owns Securus, one of the largest prison and jail phone and communications companies. Securus has drawn criticism from advocates for charging exorbitant fees and call rates to families with incarcerated relatives, costs that disproportionately…
Private equity firm Platinum Equity acquired Securus, one of the largest phone and communications companies for jails and prisons, in November 2017. Securus has drawn criticism for charging exorbitantly high call rates and fees to incarcerated people and their support…
Private equity firm Platinum Equity has recently drawn criticism for its investment in Securus, one of the largest providers of phone, email, money transfer, and electronic monitoring services to jails, prisons and immigration detention centers in the U.S. While…
Private Equity firm Platinum Equity owns Securus, one of the largest providers of phone, email, money transfer, and electronic monitoring services to jails, prisons and immigration detention centers in the U.S. In May, the Pennsylvania Public School Employees Retirement…
On February 5, the Private Equity Stakeholder Project, along with the Corrections Accountability Project, Color of Change, the American Federation of Teachers (AFT), and the Action Center on Race and the Economy (ACRE) sent letters to…
Earlier today, the American Federation of Teachers (AFT) released a report “Private Prisons and Investment Risks, Part Two: How Private Prison Companies Fuel Mass Incarceration—and How Public Pension Funds Are at Risk,” which looks at investment risk for pension…
(Fact sheet available here) A handful of private equity firms, drawing on capital from pension funds, foundations, endowments, insurance companies, and other institutional investors have invested heavily in companies providing services to prisons, jails, and detention facilities around the…
