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A letter from advocacy groups to BlueMountain Capital demanding that Corizon Health address substandard healthcare and implement a comprehensive COVID-19 response plan in correctional facilities to prevent exploitation and loss of life.

The Private Equity Stakeholder Project and partner organizations demand that H.I.G. Capital address the 'predatory behavior' of its portfolio companies, Wellpath and TKC Holdings, during the COVID-19 pandemic. The authors argue that Wellpath's history of understaffing and denying care, alongside TKC Holdings' high costs for commissary and telecom services, exploits incarcerated people and their families. The letter calls for immediate actions, including the release of emergency response plans, free hygiene products, and unlimited free communication to mitigate the health and social impacts of the pandemic in correctional facilities.

The Private Equity Stakeholder Project and other organizations demand that Platinum Equity direct its portfolio company, Aventiv Technologies, to provide free communication and monitoring services to incarcerated people and their families during the COVID-19 pandemic to prevent further exploitation and health risks.

The report details how Cerberus Capital Management, through its portfolio companies FirstKey Homes and Landmark Mortgages, has engaged in aggressive eviction practices, neglected property maintenance, and trapped homeowners in unfavorable mortgage terms. In the US, FirstKey Homes is cited for high eviction rates in cities like Memphis and Atlanta, and for outbidding first-time homebuyers in Phoenix. In the UK, Landmark Mortgages is criticized for maintaining 'mortgage prisons' for borrowers who cannot switch to better deals despite making payments.

The Private Equity Stakeholder Project asserts that the private equity industry, which managed $6.5 trillion in assets as of 2019, must protect vulnerable stakeholders during the COVID-19 pandemic. The statement demands that firms ensure paid sick leave and safe conditions for the 8.8 million workers employed by the US private equity sector, return fees from health care portfolio companies, halt evictions and foreclosures in owned housing, and suspend debt collection activities.

The report details TPG Capital's acquisition of 78 manufactured home communities for $387 million, managed by Strive Communities (formerly RVHorizons). It highlights predatory management practices, including aggressive rent increases and the exploitation of residents' limited mobility, which have drawn scrutiny from US lawmakers. Additionally, the document notes TPG's role in foreclosing on homeowners in Puerto Rico following Hurricane Maria.

The report details how American Securities' ownership of Global Tel Link (GTL) has led to predatory pricing and fee harvesting in the US correctional telecommunications market. It highlights the financial burden on low-income families, the recording of privileged attorney-client calls, and a bribery scandal in Mississippi. The document also examines GTL's expansion into digital tablets and video calling, arguing that these services often replace in-person visits and create new revenue streams from a captive market. Finally, it notes a growing trend of municipalities moving toward free correctional calls and increased legislative scrutiny of private equity's role in prison services.

This report provides a detailed inventory of fossil fuel-related assets held by major private equity firms. It categorizes investments into upstream (exploration and production), midstream (pipelines and storage), downstream (refineries and retail), and power generation (coal and gas plants). The data covers diversified managers like Blackstone and KKR, infrastructure specialists like Macquarie and Brookfield, and energy-focused firms such as Riverstone and EnCap, detailing specific company acquisitions, their functions, and geographic locations.

The report details how Leonard Green & Partners extracted $570.44 million in fees and dividends from Prospect Medical Holdings while the health system faced widespread operational failures, including facility closures in Texas, quality rating declines in Connecticut, and legal disputes over pensions and taxes in Rhode Island and Pennsylvania. By November 2019, Leonard Green sought to sell its 61% stake to minority owners for $12 million, a fraction of its original investment, leaving behind a legacy of financial distress and deteriorating care at several safety net hospitals.

The report argues that Cerberus Capital Management has destabilized Albertsons-Safeway through highly leveraged acquisitions and asset stripping, while extracting significant fees and dividends for itself. It highlights a specific conflict where the company is refusing to honor pension commitments for employees in the Washington, DC and Baltimore areas, framing this as part of a broader pattern of private equity firms prioritizing investor profits over worker security.

The report documents a record-breaking increase in private equity acquisitions within the health care sector, reaching $31 billion in 2018. Through case studies of senior care, hospital systems, physician staffing, and behavioral health, it argues that private equity strategies—such as leveraged buyouts, sale-leaseback transactions, and aggressive cost-cutting—often prioritize short-term investor returns over patient care and long-term institutional stability. Key concerns highlighted include increased health-code violations, facility closures, 'surprise' medical billing, and reduced regulatory oversight due to complex corporate restructuring.

The report examines the impact of electronic monitoring services provided by Attenti, a company acquired by Apax Partners in 2017. It argues that these technologies prolong the effects of incarceration by creating 'digital prisons' that hinder employment and social reintegration. The document highlights significant technical failures leading to civil liberty violations, the financial burden placed on low-income users through 'user-funded' schemes, and the lack of scientific evidence supporting the effectiveness of electronic monitoring in reducing recidivism. It also details Attenti's lobbying efforts in several US states to promote the adoption of its services despite these risks.

The report argues that HIG Capital's consolidation of the correctional food and commissary markets through TKC Holdings (comprising Trinity Services Group and Keefe Group) incentivizes the provision of low-quality cafeteria food to drive incarcerated individuals toward expensive commissary purchases. It documents instances of food contamination, riots, and contract terminations in states like Michigan, as well as allegations of bribery and extensive political lobbying. The document also highlights the public health risks of poor nutrition and foodborne illness in correctional facilities, suggesting that improving diets could reduce taxpayer healthcare costs.

Members of Congress are questioning H.I.G. Capital, LLC about its ownership of prison support service providers, including Keefe Group, ICSolutions, and Wellpath. The letter argues that private equity investment in the correctional sector leads to market consolidation, exorbitant fees for incarcerated individuals and their families, and a decline in the quality of essential services such as healthcare, food, and telecommunications. The authors request specific disclosures on revenue, ownership stakes, and legal settlements to inform the 'Stop Wall Street Looting Act'.

The report details a $2.5 million fine imposed on Platinum Equity-owned Transworld Systems by the Consumer Financial Protection Bureau for illegal student debt collection lawsuits. It further notes that the company has received over 4,600 consumer complaints since its acquisition in 2014 and highlights a prior $3.2 million FTC penalty against its previous parent company, Expert Global Solutions, for violating debt collection laws.

The document details the regulatory failures and consumer abuses of Transworld Systems under Platinum Equity's ownership, specifically highlighting a $2.5 million CFPB fine for illegal student loan debt collection and over 4,600 consumer complaints. It also notes a prior $3.2 million FTC settlement before the acquisition and the company's continued expansion through further acquisitions in 2019.

The report details how Securus Technologies, under the ownership of Platinum Equity, extracts high fees from incarcerated individuals and their families for phone calls, money transfers, and e-messaging. It highlights the disproportionate impact on women of color and low-income communities, noting that one in three families go into debt to cover these costs. The document also outlines regulatory risks, including FCC fines and legislative efforts to make prison calls free, as well as severe privacy breaches involving the recording of attorney-client privileged calls and the use of biometric voice prints.

The report details how private equity firms have aggressively expanded their ownership of U.S. apartment buildings, often employing 'value-added' or 'opportunistic' strategies to maximize returns. These strategies can involve pushing out lower-income tenants through rent hikes and neglect to convert properties into high-rent assets. The document identifies major players like Blackstone, Starwood Capital, and Brookfield Asset Management, noting their shift toward large-scale portfolio acquisitions and the use of high debt levels to finance growth.

The letter argues that investments in incarceration and detention service providers, specifically GTL, exacerbate mass incarceration and disproportionately harm communities of color. It cites a report by the American Federation of Teachers regarding investment risks to public pension funds and institutional investors posed by privately-owned corrections companies.

A coalition of organizations, including the Private Equity Stakeholder Project and Color of Change, calls on Apax Partners to exit its investment in Attenti and other incarceration and detention service providers. The authors argue that such investments exacerbate mass incarceration, which disproportionately affects communities of color, and pose financial risks to public pension funds and institutional investors.