The private funds industry faces rising regulatory scrutiny and increasing investor demand for transparency. The 2026 Private Funds CFO Fees & Expenses Survey, published with Troutman Pepper Locke and PEI, examines how fund managers are adapting to these evolving expectations.
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Carried interest (“carry”) is often one of a fund principal’s most valuable assets, yet it rarely appears on a personal financial statement at anything close to its eventual economic value. That gap between a defensible value today and realized upside later provides an estate-planning opportunity, and it narrows every quarter as the fund seasons. The…
Few partnership tax controversies have generated as much attention in recent years as the fight over the scope of the self-employment tax exception for limited partners under §1402(a)(13). The Fifth Circuit’s decision in Sirius Solutions (now K. Alain) marked a notable development in August 2026, and the latest chapter arrived on September 17 with the…
The Securities and Exchange Commission’s recent announcement of a roundtable for 24-hour trading indicates a significant milestone in the evolution of U.S. equity markets. The discussion will focus on overnight trading and the opportunities and challenges that could come with expanding trading hours. Although the announcement indicates its early stages of discussion, it signals, as…
