Then, private-equity firm Apollo delayed recruiting young bankers. Upending the well-worn practice of PE recruiting could ultimately impact all of us. At the end of last year, PE firms had $1.2 trillion in global buyout dry powder, according to Bain & Company. First, he alludes to JPMorgan CEO Jamie Dimon's criticism of the early recruitment of junior bankers. As our interactions with PE firms grow, having people on the inside who understand life outside the PE rat race can benefit us all.