General partners are scrambling for more information amid vague indications that members of the US Congress might consider drafting legislation that would recharacterise carried interest as ordinary income, which if enacted would drastically raise the tax on GP profits. One legal source called these fears ‘unfounded’.
3 min read · 03 January 2013
According to proprietary data from sister publication Private Equity Real Estate magazine, last year’s record fundraising looks set to continue in 2007.
2 min read · 03 January 2013
A proposed amendment to the US Internal Revenue Code would impose a stiff tax penalty on many hedge fund professionals who sink their bonuses back into the hedge fund.
2 min read · 03 January 2013
The private investment giant will team with Citigroup and India’s Infrastructure Development Finance Company to raise $5 billion for infrastructure investment in India.
2 min read · 03 January 2013
As the beleaguered California gatekeeper announces a new ownership structure, CalPERS is committing $800 million to ‘cleantech’ and emerging markets programmes managed by PCG.
3 min read · 03 January 2013
Fortress Investment Group this morning rocketed to roughly a $35 per share debut price, valuing the closely watched alternative investment giant at roughly $12bn, equal to 40 percent of its assets under management.
1 min read · 03 January 2013
The major public pension is issuing a request for proposals for a private equity consultant following the most recent wave of departures at embattled gatekeeper Pacific Corporate Group.
2 min read · 03 January 2013
The global private equity firm has offered to acquire EGL, a Houston-based transportation and logistics company that is 18 percent owned by its founder.
1 min read · 03 January 2013
Adding to its global pharmaceutical platform, the private equity giant has agreed to buy Ohio-based Pharmaceutical Technologies and Services.
1 min read · 03 January 2013
Hedge fund behemoth SAC Capital is preparing to launch an Asia-focused private equity investment platform under the direction of three professionals who worked together at Ripplewood, according to market sources.
2 min read · 03 January 2013
