article thumbnail

UK ups tax on PE ‘carried interest’ to 32%

Private Equity Wire

The UK is to raise taxes on performance fees, or “carried interest,” for private equity fund managers from 28% to 32%, effective April 2025 — a smaller increase than many in the industry had anticipated, according to a report by Reuters.

Taxes 95
article thumbnail

Transcript: Ilana Weinstein

The Big Picture

You have no performance fee and no line of sight to getting to one anytime soon, and you have AUM shrinking by virtue of the losses, as well as the fact that LPs are now rightly redeeming. So the founder is zero in terms of a performance fee if all he has is the two of you and he’s allocated capital to you.

article thumbnail

Transcript: Graeme Forster, Orbis Investments

The Big Picture

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. And when they’re not generating alpha, when they’re underperforming, they actually return fees. 00:24:31 [Speaker Changed] We refund the fee.