The private-equity industry is experiencing a swell unlike anything in its history.

Capital is pouring in at record levels, and demand for talent to manage and deploy that capital is at an all-time high.

From 2015 to 2017, the industry raised $648.4 billion, according to a new report from Pitchbook, the highest mark over any three-year period it has seen.

In 2017, PE dealmakers deployed $538.2 billion across 4,053 deals, according to Pitchbook.

The industry boom has created a perfect storm for candidate hiring, according to Jonathan Goldstein, a partner at the recruiting firm Heidrick & Struggles, where he leads the firm’s private-equity practice in the Americas.

Business Insider recently caught up with Goldstein to learn more about what firms are looking for when hiring senior talent, common mistakes he sees candidates make, and the best advice he’d give up-and-coming dealmakers.

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