<ul data-eligibleForWebStory="true"><li>Private-equity industry faces changes in young talent recruitment, causing an identity crisis.</li><li>Big-name firms like JPMorgan, Apollo, and General Atlantic are halting early recruitment of junior bankers for future-dated private-equity jobs.</li><li>Entry-level talent for PE firms is mainly hired from investment banks through analyst programs lasting 2-3 years, leading to on-cycle recruiting.</li><li>PE recruiters aimed to recruit talent earlier, upsetting banks and causing disruptions, with some junior bankers prioritizing PE interviews over work.</li><li>JPMorgan CEO Jamie Dimon's formal threat to fire junior bankers accepting PE jobs marked a turning point in the recruitment drama.</li><li>The outcome remains uncertain, with potential benefits for PE firms to access a broader talent pool if the recruitment changes hold.</li><li>History shows previous recruitment pacts among PE headhunters were broken, casting doubt on the sustainability of current recruitment changes.</li></ul>

Breaking down all the recruiting drama rocking the PE industry

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