Ain't Payback a Bitch?
It would be ironic if the Illinois teacher's union currently allocating funds for anti Bruce Rauner TV ads forced the TRS to terminate the $50 Million Private Investment placed with GTCR.
This is certainly a move that would be applauded by the rank & file.
Remember that GTCR earns management fees that are not linked to the placement's performance...all for personal gain by the Principals.
In addition, the investment lost 7.9% in 2012.
If elected Governor, Rauner has pledged to cut teacher's pensions.
Bruce, be careful what you wish for.....