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Profiteering fears as global investment firms increase stakes in England’s child social care

Observer investigation finds homes backed by private equity more than doubled in five years, with Qatar and Abu Dhabi sovereign wealth funds among investors

Serious concerns have been raised over the growing influence of private equity in the provision of children’s care homes, after an Observer investigation revealed that the number of homes backed by investment companies has more than doubled over five years.

The news comes with children’s social care directors, council leaders and campaigners for those in care accusing some businesses of profiteering from their involvement in children’s social care.

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