Private Equity's New Entrepreneurs

They run their own firms, seek out smaller deals that don't generate headlinesand make returns that are on par with the big boys

Steven Klinsky arrived on Wall Street in the early 1980s, just as a pioneering group of leveraged buyout firms was launching deals that would define an era. Klinsky, the scion of a Detroit-based retailing family, was armed with an MBA and a law degree from Harvard. He started off at Goldman Sachs (GS) (see BusinessWeek.com, 12/13/06, "All That Glitters Is Goldman") and moved to Forstmann Little, where he worked on the firm's epic battle for control of RJR Nabisco.

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