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Warren, Ocasio-Cortez Probe Private Equity Firms With Prison Ties

  • Letters demand details on correctional facilities investments
  • Warren is campaigning with plans to restrict private equity
Elizabeth Warren and Alexandria Ocasio-Cortez
Elizabeth Warren and Alexandria Ocasio-Cortez

Source: Bloomberg

Five private equity companies invested in prison services -- BlueMountain Capital Management LLC, H.I.G. Capital LLC, American Securities, Apax Partners, and Platinum Equity LLC -- are getting some mail from progressive Democrats demanding information about their business practices.

Senator Elizabeth Warren and Representatives Alexandria Ocasio-Cortez and Mark Pocan sent letters to the companies asking them to provide information about their stakes in correctional services, their revenue and if they’ve paid fees for violating federal or state laws.