Carried Interest

A House bill, as currently written, came as a surprise to the market, as other regulatory, inflation and competitive headwinds abound in private equity. But Fall Forum panelists kept their chins up about the future.

A US Chamber of Commerce report predicts the tax could see the PE/VC industry shrink by nearly 20%. But a House committee moved to take its edge off, and one finance exec shrugs at even the worst proposals.

The report predicts the tax could see the PE/VC industry shrink by nearly 20%, with failures of many PE and venture-backed firms.

Growth in separate accounts and retail evergreen products means the investment firm’s carry mix will change, its vice-chairman said on its latest earnings call.

Apollo's Fund VIII returned to paying carry after recovering from the 21.6% devaluation of its private equity portfolio in the first quarter of last year.

The firm reported $6.4bn of realized proceeds in the first quarter, driven by exit activity in its Europe, Asia and US buyout funds, as well as AlpInvest and financial services, according to its earnings results on Thursday.

Buyers are proposing fresh ways of ensuring sponsors stay aligned, according to a panel at PEI's Investor Relations, Marketing & Communications Forum.

Chancellor Rishi Sunak’s speech has allayed fears of a capital gains tax spike and laid out some intriguing initiatives for the industry, writes Tim Hames.

The UK Chancellor needs to think carefully before making major changes in the Budget writes Daniel Parry, managing director in the tax team at Alvarez and Marsal Taxand UK.

Critics of private equity have long considered this a loophole that allows already-wealthy private equity GPs to pay less than regular workers.