here the outlines of a significant attempt at supply-side reform – one pitched at challenging post-92 universities where provision is mainly ‘classroom’ subjects in the arts, humanities and social sciences.
‘Private equity’s undisclosed business model is value capture through financial engineering focused on the enrichment of a managerial elite, with mass investors mainly involved in providing the cheap debt which makes the whole thing possible.’ Julie Froud and Karel Williams, Private Equity and the Culture of Value Extraction, New Political Economy, 2007