Improved sentiment in the public equities, M&A and credit markets have provided an opportunity for private equity firms to make exits and return capital to investors. This has been reflected in Financial News’ second annual Rising Stars in Private Equity, which celebrates some of the most promising men and women in the private equity industry.

Many on the 2014 list led or worked on high-profile sales and IPOs, which have made bumper returns for their firms, or worked on refinancings of portfolio companies. The list also represents dealmakers, particularly those at firms that have benefited from recent fundraisings. Fundraising still remains crucial, and we have included individuals from across the spectrum who are helping raise capital at a time when regulation has squeezed some of the traditional commitments.