Private equity: Help wanted

The following is a mock classified ad for the hottest new position on Wall Street: Tired of your ho-hum investment banking job? Want a sense of adventure at the vanguard of finance? Then look no further for your next mandate - as the head of an emerging practice on Wall Street leading a private equity syndicate desk. You’ve heard of equity syndicate, where bankers parcel out stock issued by public companies for the first time to investors. But private equity is about stakes in unlisted firms. S...