For this year's list of 40 of the industry's best players under 40 years of age, we scoured the world to find the finest up-and-coming bankers and private-equity pros. Behold the mavens who are making a name for themselves, shaping the global economy and leading their firms through difficult times -- and doing it all with a wealth of gravitas, guts and grace.

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Meet the latest rising superstars of investment banking and private equity. They're shaping the global economy and leading their firms and clients through difficult times, showing guts and gravitas -- despite being young enough to have missed the famous final episode of M*A*S*H because it aired past their bedtime.

As youth-dominated industries go, private equity and M&A don't really compare to, say, sports or entertainment. Relative to other Wall Street specialties -- trading comes to mind -- dealmaking often involves longer hours, and many people scramble for a dozen years or more just to secure themselves a seat at the table. In a field requiring considerable experience, though, some nevertheless rise faster than others.

Covering a wide array of PE and i-banking segments, Dealmaker has once again assembled a heady roster of young talent. We spoke with scores of industry members, deal lawyers and M&A/PE recruiters, as well as our readers and assorted Street sources, to do our best to reach terms on a robust lineup of under-40 talent.

In compiling this list, we considered dealmaking activity, leadership, operational accomplishments and other intangibles. Make no mistake: This list, like any, is subjective -- ultimately, we made all decisions for inclusion after lengthy evaluations to come up with 40 of today's finest young industry stalwarts.

Enough, though, about how we chose them. Read on, and you'll find out why.

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