Doubts over whether plans to tax carry as income will be actionable have been raised, along with suggestions a renewed legislative proposal to do so may fail.
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The investment firm has hit the hard-cap on its first dedicated secondaries fund which will focus on distressed and special situations, Secondaries Investor has learned.
The investment bank also raised over half a billion dollars for a dedicated real estate secondaries fund last year, according to documents seen by Secondaries Investor.
Private equity firm Blackstreet had allegedly bought stakes in its own funds and then waived its own capital calls.
The launch marks the industry’s first attempt to standardise fee reporting, the organisation said.
Concern about the next generation of key people is forcing LPs to ask more questions about succession during due diligence.
Private fund managers’ fee and expense allocation practices will continue to be an SEC focus area as the agency targets never-before-examined advisers in the year ahead.
The country’s biggest pension fund has been pruning relationships with external managers and shifting its real estate allocation into safer investment strategies.
Investments held for more than four years will remain subject to capital gains tax treatment.
The key question posed by the UK government’s statement that it will introduce new legislation regarding the taxation of asset manager performance awards is what constitutes a ‘long-term’ investment.