Pension Funds

Private Equity Is Sitting on 33,575 Zombie Companies. You’re Probably Working for One.

Private equity firms are sitting on 33,575 unsold businesses — companies trapped in a valuation gap between what firms paid and what the market will pay. The buy-and-sell engine is jammed, and the consequences won’t hit Wall Street. They’ll hit pensions, retirement savings, and the millions of employees working for companies stuck in PE purgatory.

Your Pension Is Being Quietly Wiped Out by Climate Math Nobody Warned You About

The world’s largest pension funds are being forced to run the numbers on extreme climate scenarios — and the results threaten the retirement savings of hundreds of millions. The real driver of climate divestment won’t be activists or politicians. It’ll be a chief investment officer staring at a stress test that says the fund is underwater in a 3°C world. Climate action won’t be forced by conscience. It’ll be forced by accounting.