• Capstone completed due diligence around an investment in a provider of pre-kindergarten education services.


  • We examined state and federal regulations, current and proposed regulations and regulatory guidance, and held conversations with numerous key stakeholders in the early childhood education industry, including:
    • Senior advocates from education policy think tanks;
    • Congressional staff;
    • Labor-focused special interest groups; and
    • Prominent academic researchers.


  • We determined federal universal pre-K initiatives were unlikely to be passed in the near to medium term and argued additional pre-K funding available to states and localities as part of the Every Student Succeeds Act (ESSA) would be a modest tailwind for the business.
  • We concluded changing minimum wage laws and the recently finalized Department of Labor (DOL) overtime rule could modestly pressure the company‚Äôs costs.
- Capstone LLC -

Washington DC

-Capstone Research Limited-