GEO Group and CoreCivic are private prison companies that profit from holding over 90% of the nearly 50,000 people in U.S. immigration detention on any given day. But their quarterly shareholder calls obscure real risks to investor returns.
Our quarterly investor risk briefs highlight timely risks for shareholders in these companies, including new state and local regulation, recently levied tax liabilities, and new and ongoing litigation stemming from allegations of mismanagement, chronic understaffing, health and safety risks, and labor law violations, to name a few.
What solutions exist?
Investing in securities that reduce incentives to privatize risky mass incarceration policies, like the FreeCap incarceration-free index (FREEIN), can protect returns.
How can I get involved?
Share the briefs with your networks.
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May 2025
The GEO Group: Investor Risk Brief Q1 2025
CoreCivic: Investor Risk Brief Q1 2025
Common Dreams: Corruption in Plain Sight: AOC Warns Laken Riley Act a Boon to Private Prison Industry
New York Times: Private Prisons for Immigrants
Partners
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Adasina Capital
Robert F. Kennedy Human Rights Compass Investors work with Adasina Social Capital to demand racial justice focused investments with an eye on systemic change.
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FreeCap Financial
FreeCap Financial is a research company thatprovides investors and money managers withintelligent, racial justice-oriented data thathelps them leverage capital markets todismantle the prison industrial complex—anecessary step to end mass incarceration.