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UK Labour’s private equity tax crackdown to exempt bosses risking their own capital

Private Equity Wire

The UK’s Shadow Chancellor Rachel Reeves has indicated that the Labour Party will uphold favourable tax treatment for private equity executives in cases where fund managers invest their own capital, according to a report by the Financial Times. The latter is subject to a much higher tax rate.

Taxes 74
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Robert Poirier to Lead OMERS Governance Review; OPE Acquires Integris

Pension Pulse

Frontenac bought it in 2020 and merged it with other firms to form Integris in 2021, then supported it through several acquisitions. Cravath, Swaine & Moore LLP acted as legal counsel for OMERS Private Equity. billion in net private equity investment asset exposure.

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OMERS to Stop Making Direct Private Equity Investments in Europe

Pension Pulse

Michael began his career with OMERS in 2004 as a Vice President on the Private Equity team in Toronto and in 2009 he moved to New York City to open the OMERS office on Park Avenue, assuming roles of increasing responsibility until his appointment as Global Head of Private Equity in early 2020.

Buyout 59
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Stock Stories With a Valentine's Day Theme? Why Not?

The Motley Fool

Really saw a massive multiple expansion in 2020, in 2021. But I think private equity managed business looking to make a big splash. Are you ready to call this a value stock? Nick Sciple: I don't know about a value stock, Ricky, but definitely more in line with where the company has historically traded.

Taxes 130
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CDPQ to Pump $11.2 Billion Into European Private Markets

Pension Pulse

Global private equity fundraising shrank last year, with the impact particularly felt in Europe, where there was a 30% decline from 2021, according to Preqin data. KKR's fundraising also comes at a challenging time for buyout funds looking to realise existing investments, amid a scarcity of debt funding and pressure on valuations.