“‘The people running public pension plans these days like to boast about their ‘ethical’ investment policies, for example when it comes to the environment or‘diversity, equity and inclusion.‘ Meanwhile they pourbillions of dollars into secretive private-equity funds in pursuit of extra profits. Now comes yet more evidence that some of those private-equity managers in turn are using that money for the opposite of ethics.”

[COMMENTARY]The article describes some unsavory practices in these relationships!
Opinion: Do ‘ethical’ pension funds have a private equity problem? By Brett Arends, January 12, 2022, MarketWatch, USA.