Find more information on the issues deeply affected by private equity investments:
For decades, incarcerated people and their loved ones have fought to make prison communications more affordable. In December 2022, Congress approved the The Martha Wright-Reed Just and Reasonable Communications Act, which gave the…
The Private Equity Stakeholder Project announced the release of its latest report, “American Securities Risk Assessment.” This comprehensive report aims to provide pension funds and other institutional investors with critical insights into the risks associated with…
The Private Equity Stakeholder Project presents its latest report, “American Securities Risk Assessment,” offering a detailed evaluation of the risks faced by institutional investors involved with American Securities’ investment funds. This report is an essential resource for pension funds…
ViaPath Technologies, a prison telecom provider owned by private equity firm American Securities, is currently seeking a reported $1.45 billion refinancing led by Texas Capital Bank. Further reporting suggests ViaPath and TCB are seeking funding from private credit…
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 U.S. jails, prisons, and detention centers, Aventiv relentlessly preys upon incarcerated people…
As the Israel Defense Forces (IDF) uses bombs, fighter jets, and other military equipment in its attack on Gaza, share prices of publicly-traded weapons manufacturers have soared. Private equity-owned defense contractors will likely also profit from a prolonged war…
In the Truthout piece, “Private Equity Is Using Prison Phone, Food and Health Systems to Rack Up Profits,” reporter Derek Seidman examines the major foothold private equity has in the United States prison system. Truthout November 24,…
In The Atlantic piece, “The Secretive Industry Devouring the U.S. Economy,” author Rogé Karma examines how private equity has taken one-fifth of formally publicly-traded companies off the market and effectively hidden them from investors, the media, and regulators.
In the Alabama Political Reporter piece, “New report recounts checkered history of Alabama’s prison healthcare provider,” author Jacob Homes discusses PESP’s report “YesCare Dodges Liability for Prison Conditions: Merger, Division, and Bankruptcy…
Private equity firm American Securities owns ViaPath Technologies, formerly Global Tel Link, one of the nation’s largest prison telecom corporations. Early this year, Bloomberg reported that SPAC Tristar Acquisition I…
Patients in U.S. prisons and jails have no choice in who provides them with healthcare. Instead, contracts are made between private companies and state and local governments, whose officials may not be motivated by care quality concerns, but instead budgetary…
“YesCare Dodges Liability for Prison Conditions: Merger, Division, and Bankruptcy,” written by Private Equity Stakeholder Project (PESP) researcher Michael Fenne, chronicles the consequences of YesCare’s private equity ownership. With a business model prioritizing high profits…
