Eye on Private Equity
Have you noticed the boom in private equity funds? Five years ago, private equity funds closed $37 billion worth of acquisition deals. In 2006, the total value of private equity deals was $475 billion. Today there are at least 170 private equity funds with at least $1 billion in assets. Private equity funds have been doing so well that Wall Street and the financial press have not been alone in noting their success. Congress is exploring the ways in which publicly traded private equity funds are taxed on their profits. Current tax law sees them as partnerships, allowing the general…
