Earlier efforts to reform carried interest taxation had stalled, before US Senator Joe Manchin announced on Wednesday that he and Senate Majority Leader Chuck Schumer had worked out a deal.
Advertising/marketing ranked as the 'hottest' topic for a second straight year in an annual survey conducted by ACA Group, Yuter Compliance Consulting and the Investment Adviser Association.
The SEC has released no new staff guidance for 16 months on its proposed changes to marketing rules for investment advisers, worrying CCOs in the market.
Sponsors or GP-led secondaries processes should take care in the language they use to explain why they want to hold an asset for longer, writes Thiha Tun, a partner at Dechert.