Letter to H.I.G. Capital re TKC Holdings, Wellpath

The Private Equity Stakeholder Project and other organizations are calling on H.I.G. Capital to exit its investments in Wellpath and TKC Holdings, arguing that profiting from the U.S. incarceration and detention system is unethical and poses investment risks to institutional investors.

• The authors argue that investments by financial firms like H.I.G. Capital in incarceration and detention service providers exacerbate mass incarceration, which disproportionately affects communities of color, and fuel the growth of companies providing subpar services at high costs.
• The letter cites a report from the American Federation of Teachers (AFT) stating that privately-owned corrections companies, including Wellpath and TKC Holdings, present investment risks to public pension funds and other institutional investors.
• The authors request that H.I.G. Capital divest from Wellpath, TKC Holdings, and all other providers of incarceration and detention services.

APA

Private Equity Stakeholder Project (2019). Letter to H.I.G. Capital re TKC Holdings, Wellpath. https://pestakeholder.org/wp-content/uploads/2019/02/Letter-to-H.I.G.-Capital-re-TKC-Holdings-Wellpath-020519.pdf

Chicago

Private Equity Stakeholder Project. Letter to H.I.G. Capital re TKC Holdings, Wellpath. 2019. https://pestakeholder.org/wp-content/uploads/2019/02/Letter-to-H.I.G.-Capital-re-TKC-Holdings-Wellpath-020519.pdf.

Wikipedia

{{cite press release |author=Private Equity Stakeholder Project |title=Letter to H.I.G. Capital re TKC Holdings, Wellpath |date=5 February 2019 |url=https://pestakeholder.org/wp-content/uploads/2019/02/Letter-to-H.I.G.-Capital-re-TKC-Holdings-Wellpath-020519.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{privateequitystakeholderproject2019letter, author = {{Private Equity Stakeholder Project}}, title = {{Letter to H.I.G. Capital re TKC Holdings, Wellpath}}, publisher = {Private Equity Stakeholder Project}, year = {2019}, month = feb, url = {https://pestakeholder.org/wp-content/uploads/2019/02/Letter-to-H.I.G.-Capital-re-TKC-Holdings-Wellpath-020519.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }