On behalf of the Kellogg School of Management, we welcome you to the 15th Kellogg Private Equity & Venture Capital Conference. This year’s conference will focus on the unique challenges of middle market PE investing and the dynamics of early stage VC investing. Middle market PE plays a pivotal, and often distinct role in today’s economy. These activities garner far less media attention than the mega-buyouts and later stage VC investments, but play a critical role in facilitating economic prosperity. The 2014 PEVC conference will illuminate many of the less aired strategic obstacles and opportunities inherent in current middle market PE and early stage VC investing.