Jennifer Harris

Will more capital calls mean more LP defaults this year?

The latest 'blank cheque' company on the market may be a bellwether: it features 10% carry, an easy opt-out structure for investors and a shortened investment period.

Sellers are demanding much higher break fees when working with private equity buyers these days – sometimes up to 100% of the deal’s value.

TPG, KKR, Apax and Bain are just some of the 40 private equity firms that make up the Chicago-based association for private equity firms that invest in healthcare.

The Association for Corporate Growth has begun to monitor regulatory developments at the request of its members, many of which are mid-market private firms.

The House of Representatives will consider treating three-fourths of a GP’s carried interest as ordinary income, with the remaining one-fourth left at a lower capital gains rate.

The Council of Ministers and the ECON Committee have approved versions of the directive, but crucial differences remain in regards to the ‘third country’ rules. The latter group's version also includes a clause that could block LBOs.

It’s still unclear whether carried interest would be affected by a proposal to raise the tax rate on capital gains from 'non-business assets' to 40%.

It’s still unclear whether carried interest would be affected by a proposal to raise the tax rate on capital gains from 'non-business assets' to 40%.

Former US Treasury Secretary Henry Paulson said at a conference last week that he does not support the Volcker rule, nor does he believe it would have saved any failed banks during the financial crisis.