Ted Kramer is the CEO of HKW, a private equity firm that traces its lineage to the early years of the 20th century. Ted not only shares an overview of his firm’s lineage, but also traces his own beginnings in northwestern Ohio and his immersion in hockey as a schoolboy, University of Michigan star, and eventually as a professional player in the early 90s. From there, the conversation evolves into Ted’s career path, which maps to the increasing centrality of the business development role in private equity fund management. Andy and Charlie relish the appearance of an old friend who makes a lot of serious points but also joins in their often pointless, competitive, digressive repartee.