equity

Private-equity firms have been holding off on Wall Street’s most notorious hiring ritual — but they may not wait much longer.Over the summer, JPMorgan Chase CEO Jamie Dimon reshuffled the deck on the PE recruiting practice known as “on-cycle,” when he warned his incoming class of junior bankers against accepting…

In private equity, consolidation is now the name of the game. After a burst of new fund launches — enough for one KKR executive to joke last month that the US now has more private equity funds than McDonald’s — more funding than ever is flowing into the biggest names.…