At the World Economic Forum's latest jamboree Carlyle's David Rubenstein, Apax's Martin Halusa and CD&R's Donald Gogel discussed the myths and reality with academic Josh Lerner. PEO has the video here.
Gatekeeper StepStone's founder foresees a return to basics, as leverage becomes less important to a deal's success, and an opportunity to profit from uncertainty.
HarbourVest in pictures 2008-01-01 Staff Writer Private equity fund of funds manager HarbourVest Partners has raised $830 million (€570 million) in fresh capital through a listing on the Euronext amsterdam. Each share was priced at $10. The public offering, HarbourVest's first, was comprised of $300 million
Philip Jensen joined Paul Capital Partners in 2001 as the firm was branching out from its focus on private equity secondaries to include venture capital funds of funds and healthcare royalty investing. As CFO, he had the responsibility of playing architect for the organization, which, he says, was “not difficult” given his previous experience in senior roles at Kaiser Foundation Health Plan and Hospitals, McKesson Corporation and Deloitte & Touche. Jensen speaks to Wanching Leong about managing his 30-person strong operations team and the Bank of Ireland's investment.
Should the UK go ahead with plans to implement a 18 percent capital gains tax, will it take a step further to introduce an overarching anti-avoidance legislation to stop the move from income to capital? If so, should it rule with a heavy hand or principles?
Recent modifications to the US-Canada tax convention mean more opportunities for US private equity investments in Canada, but significant tax risks exist for the unwary.
It's not enough to know about UBIT – unrelated business income tax can influence decisions limited partners make in the US. Here are some ways to think about, and minimize, UBIT.
Given how many countries are currently reviewing the tax status of private equity, offshore jurisdictions are poised to continue their substantial role in the industry. Here's a review of the states of tax law in some of the more popular offshore destinations for the asset class.
Amid the chorus of opinions on the taxation of carried interest in the US, PEI Manager hosts the definitive debate between two US tax experts with opposing views on the issue.
General Counsel & Compliance OfficerDuke Street CapitalLondon, UK