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“Anthony Keizner, cofounder and managing partner of Odyssey Search Partners, told BI that hiring is “very buoyant” in certain private equity businesses, including the popular and dry-powder-rich niches of secondaries, buying and selling of stakes in other private funds, and infrastructure.
The slowdown in the traditional private equity business of buyouts is felt most acutely in midlevel and senior positions, he said.
“Most buyout firms have slowed their hiring plans in 2025 compared to the recent boom years,” he said. “Many private equity firms feel they are adequately staffed at current deal volume levels.”

“Hiring at the junior level remains active”, he said — a sentiment echoed by Tim Roth, partner at
advisory firm Armanino Advisory.