Listen to this podcast cast on a book about private equity. Make an informed decision.
https://podcasts.apple.com/us/podcast/fresh-air/id214089682?i=1000610773001
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Moral of the story, invest your 401k into PE but don't do business or work with them and hope that your investments pay off so you don't end up in a PE owned nursing home, or else the only way to save your retirement is for the nursing home to go bankrupt but somehow not ki-l you. Got it.
Agreed, employee and customer needs or interests are not valued by PE the raiders.
PE has its goal, its looking to make money at the minimum risk to its organisation. This is at the cost of whatever it focusses on. The outcome is rarely positive, the impact massive to the poor souls who are impacted. Being aware of their stance at least gives people the chance to make plans and decided whether their future should be controlled by PE companies. To some extent the same can be applied to public companies, they look to maximise their profits, but are beholden to their shareholders, who in theory have a say in a companies operation and goals. I would rather work for a public limited company than a PE owned one.
Try this one for the same program.
https://www.npr.org/programs/fresh-air/2023/04/26/1172168728/fresh-air-for-april-26-2023-how-private-equity-firms-widen-the-income-gap?showDate=2023-04-26