Calstrs Investment Chief Urges Private Equity to Share the Wealth With Workers and Communities
SACRAMENTO, Calif. – Private equity executives are facing increasing pressure to share their wealth with the workers at the companies they acquire, according to the investment head of Calstrs, one of the world’s largest pension funds. Christopher Ailman, the outgoing investment chief at the $327 billion fund, believes that private equity firms have not adequately distributed their revenues. He argues that while these firms make money for investors, they also need to share their wealth …