Amid increasing scrutiny into private funds’ tax operations by regulators, lawyers share their advice to managers navigating the ever-changing environment.
The transformation of tax functions will be a crucial discussion for investment management firms in a rapidly changing economic landscape, write Deloitte Tax specialists James Casey, Greg Drudy and Doug Puckett.
GPs may be willing to invest in technology to meet transparency demands from LPs and regulators, but they need solutions that use that data for more than just reporting, say RSM’s Scott Helberg and Christa Clark.
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.
Direct lending managers are looking for partners to take the reins on day-to-day operations as they navigate rapid expansion, says MUFG’s Treabhor Mac Eochaidh, executive director and head of debt services.