Jennifer Harris
Fundraising in general has become more expensive, even in the absence of a placement agent.
The US Treasury Secretary said in a second letter the US is bolstering its regulatory approach to alternatives with registration requirements.
The New York firm is expanding its portfolio company, GeoDigm, with the acquisition of National Dentex, a company that runs dental laboratories.
The two firms cited changes to the tax status of carried interest and the possibility of having to register with the SEC as investment advisors as threats to their businesses.
EVCA, the US Treasury Secretary, ILPA and EMPEA have all recently voiced concern about measures in the AIFM that would block the free flow of capital. Nicholas Sarkozy and Gordon Brown reportedly planned to discuss the issue Friday.
Sander Levin, who previously backed bills to tax carry as ordinary income instead of capital gains, will chair the House Ways and Means Committee.
Thinking of doing a dividend recap? You’d better do it this year: a 2001 tax cut for dividend recaps expires at the end of 2010.
During its 2009 earnings call Kohlberg Kravis Roberts shared its outlook on fee structures, fundraising efforts, and plans for an IPO on the New York Stock Exchange.
In its annual results statement, the listed alternatives giant reported economic net income of $1.9bn for 2009 and said it was seeing a return to 'traditional' leveraged buyouts.
The Quadrangle team managing $5bn of Mayor Bloomberg’s personal fortune will spin out into an independent entity.