Recently Dealscape reported that the Service Employee
International Union had identified J.C. Flowers & Co.'s Sallie Mae buyout
the latest public enemy number one as part of its battle with private equity.
However, PE
Hub's Dan Primack revealed that the labor union does business with its
enemy. While the SEIU doesn't formally invest in private equity, pensions
directly associated with the union remain committed to investing in private
equity funds. —Matthew Wurtzel
