Taxation

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.

The fund administrator expands its tax capabilities with latest acquisition.

Lombard International head of investments Virginia Klein debunks three common myths about private placement variable insurance structures and argues they’re more like traditional funds than many managers believe, but with major potential tax benefits.

Carried interest, capital gains and SALT all sting but worse may be coming.

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.

Spurred by the prospect of rising taxes, US dealflow is super hot, said participants at the CFOs and COOs Forum 2021. But there are caveats.

The firm is backing new legislation, which it will soon pilot, that combines the most attractive aspects of the regulatory frameworks from various states; and it wants industry input to help it make it a success.