Private equity tends to have a flavor or region of the month. "What's happening in Brazil is very different," suggests Timothy Hartnett, partner and U.S. private equity leader at PricewaterhouseCoopers. Harnett spoke to The Deal Pipeline at the 18th annual Wharton Private Equity & Venture Capital Conference about the evolution of private equity in Brazil, from fly-ins to having boots on the ground. For more Wharton interviews, watch "PwC's Iraola on why deals in Brazil remain unfinished," "Dechert's Thierfelder on PE value creation," "Graham Partners' Morin on what LPs want" and "Morgan Creek's Yusko: PE fundraising 'hard' right now." - Sarah Hashim-Waris