Why private equity has its eyes on child care
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here. In some states, public funds are being poured into the child-care industry—and private-equity groups are seeing an attractive target for investment. My colleague Adam Harris wrote today about how private investors are circling child-care centers, potentially to the detriment of care providers and families. I called Adam to talk about what makes the world of early childhood education appealing to financiers, and what steps the government may take to protect the industry. First, here are three new stories from The Atlantic: Private Equity and a Public Good Lora Kelley: I found your article fascinating, in part because I don’t really think of child care as a flashy sector. Why does this industry appeal to private-equity investors? Adam Harris: It is one of those businesses that is always going to be there. Parents need a place to send their children. …