Find more information on the issues deeply affected by private equity investments:
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…
In late October, Gerard Boyle, the founder of Wellpath, a prison and detention healthcare company owned by private equity firm HIG Capital, was indicted on federal bribery charges along with Robert McCabe, the former Norfolk, Virginia Sheriff. According…
In buying up and combining two correctional service companies, Trinity and Keefe, HIG Capital’s TKC has an incentive to serve poor quality meals, which have been blamed in part for protests, contract terminations, and increased public health risks. Our new…
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…
Earlier this week, Senator Elizabeth Warren and Representatives Alexandria Ocasio-Cortez and Mark Pocan sent letters to several private equity firms profiting from incarceration and detention. Apax Partners, which owns electronic monitoring company Attenti, pushed back, insisting its investment…
Our new report looks at the risks of private equity firm H.I.G. Capital’s investment in prison and detention center healthcare provider Wellpath. Key Points: Over the past several years, private equity firm HIG Capital has built up one of…
Representatives of civil rights group Color of Change, Service Employees International Union Local 925 and the Private Equity Stakeholder Project spoke last Thursday at the Washington State Investment Board to urge the board to halt investments with private…
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…
Last week, institutional investment publication Responsible Investor ran an article “Denmark’s ATP and US pension funds under pressure over links to US bail bond industry,” looking at Endeavour Capital’s investment in Aladdin Bail Bonds and the institutional investors behind…
Late last week criminal justice-focused publication The Appeal ran a long story on neglect by Corizon, the prison healthcare giant owned by private equity and hedge fund firm BlueMountain Capital. The Appeal, Feb 8, 2019: “Corizon, the prison healthcare…
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…
