Published: May 1, 1996

Bullish On Education

Earlier this year in New York, Lehman Brothers, the venerable investment house, held what it described as its first annual education-industry conference to introduce investment clients to promising companies that focus on education. "Investment opportunities start as a solution to a problem," said Michael Moe, a first vice president of Lehman and the firm's lead analyst on education-related companies. "There's no question that in education today there is a problem."

Wall Street, it seems, is discovering the business of education.

The two-day conference brought some of the hottest companies in school management, software, child care, postsecondary education, and corporate training face to face with investment bankers and fund managers looking for opportunities to profit from what Lehman Brothers and others describe as a $619 billion education market...