Private Equity Set to Profit Off Border Crackdown
As the Trump administration’s border crackdown continues to intensify, private equity firms are quietly positioning themselves to reap the financial benefits. The latest development is the surge in demand for border security services, including fencing, surveillance technology, and detention facilities.
According to a recent report by Bloomberg, private equity firms are investing in companies that provide these services, expecting to profit from the growing demand. The report highlights the case of KKR & Co., a private equity giant that has invested in a company called Perimeter Solutions, which specializes in border security fencing.
KKR & Co. has also invested in a company called Ascential, which provides surveillance technology to the US government. The firm’s investment in Ascential is expected to generate returns of over 20% per year, according to Bloomberg.
The surge in demand for border security services is driven by the Trump administration’s efforts to strengthen border security and reduce illegal immigration. The administration has allocated billions of dollars to build a wall along the US-Mexico border and has increased funding for border patrol agents and immigration detention facilities.
Private equity firms are not the only ones profiting from the border crackdown. Defense contractors and other companies that provide services to the US government are also benefiting from the increased spending.
The growth of the border security industry has also created new job opportunities, particularly in states along the US-Mexico border. According to a report by the Bureau of Labor Statistics, employment in the border security industry has grown by over 20% in the past year, outpacing the national average.
However, the border crackdown has also raised concerns about the impact on human rights and the treatment of migrants and asylum seekers. Human rights groups have criticized the administration’s policies, including the separation of families and the detention of children, as inhumane and illegal.
Despite these concerns, private equity firms and other companies are expected to continue profiting from the border crackdown. The growth of the border security industry is likely to continue, driven by the administration’s commitment to strengthening border security and reducing illegal immigration.
