PE funds get their money from "institutional investors." It shouldn't surprise you to learn they treat their investors no better than their creditors, nor the customers, employees or suppliers of the businesses they buy.

Pension funds, in particular, are the perennial suckers at the poker table. My parent's pension fund, the #OntarioTeachersFund, are every grifter's favorite patsy, losing $90m to #SamBankmanFried's cryptocurrency scam:

https://www.otpp.com/en-ca/about-us/news-and-insights/2022/ontario-teachers--statement-on-ftx/

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