21.   A year ago, Wendt and other former GE Capital executives created a buyout and private equity investment fund.

22.   All that money is being soaked up by larger than ever venture stakes, particularly in the later rounds of private equity investments.

23.   Also, private equity has not done well, and some investors are taking knocks in hedge funds.

24.   But few companies can match Akamai Technologies Inc. of Cambridge, Mass. when it comes to quick investment cycles from private equity placements to IPOs.

25.   But huge profits tend to draw hordes, and that is exactly what has happened in private equity.

26.   But that is still modest in the private equity business today.

27.   But the participants include private equity funds and prominent financial services companies, he said, as well as individual investors.

28.   But the private equity portion of institutional portfolios bears watching, consultants say.

29.   But these are the types of deals a quiet private equity firm in downtown Washington wants to do.

30.   Calpers is increasing its holdings in other Asian countries, including private equity investments.