Explore the issues
Find more information on the issues deeply affected by private equity investments:
Continuing Incarceration: Apax Partners’ Digital Shackles
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…
Continuing Incarceration: Apax Partners’ Digital Shackles
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…
Blackstone investments driving Amazon deforestation and other climate concerns
In August, an article in The Intercept highlighted investments by private equity firm The Blackstone Group in a Brazilian infrastructure company that has spurred deforestation in the Amazon rainforest. In recent weeks, global attention has focused on the…
KKR and Blackstone-owned Firms Have Spent Millions to Oppose a Ban on Surprise Medical Billing
A new report by the New York Times last week revealed that medical staffing firms owned by private equity managers KKR and Blackstone have poured millions into opposing legislation that would ban surprise medical billing.[i] Through a shadowy…
Platinum Equity-owned Transworld Systems fined $2.5 million for illegal student debt collection lawsuits, draws thousands of consumer complaints
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…
Pirate Equity: How Wall Street Firms are Pillaging American Retail
Full report available here. Over the past decade, more than 1.3 million people have lost their jobs due to trouble or bankruptcies at retail companies owned by private equity and hedge funds, according to a new study released…
Report: HIG Capital’s and Wellpath’s Correctional Healthcare Investment Risks
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…
Financial Times: US private equity moves into trailer parks
In a May 19 opinion piece, Rana Foroohar of the Financial Times highlighted the growing ownership by private equity firms of manufactured home (i.e. mobile home) communities, drawing on the February 2019 report by the Private Equity Stakeholder…
Civil rights, labor groups call on Washington State to exit bail bond investments
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…
Pennsylvania pension fund tables vote on new Platinum Equity investment, seeks more information on prison contractor Securus
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…
