The American Federation of Teachers “is encouraging pensions to consider avoiding private equity investments in companies that profit from mass incarceration,” Bloomberg reports, citing AFT’s Private Prisons and Investment Risks Part Two: How Private Prison Companies Fuel Mass Incarceration—And How Public Pension Funds Are at Risk.

The AFT report says “while public and investor debate around the privatization of prisons, jails and detention facilities has largely focused on publicly traded companies such as CoreCivic and the GEO Group, the firms that provide phone services, commissary services, medical services, bail bonds and other corrections-related services are perhaps more ubiquitous, serving thousands of prison, jail and detention facilities around the country. These firms are largely owned by private equity firms, whose owners stand to profit from mass incarceration—especially recently, as the Trump administration has ramped up immigrant detention.”