Jenner & Block

Impact of 2017 Tax Reform Proposals on Private Equity and Venture Capital Funds

With the House version of the tax bill passed by the Ways and Means Committee on November 9, 2017, and a framework with key differences (but no bill text yet) reported out from the Senate Finance Committee, the state of tax reform is in flux. However, if either bill becomes law as currently envisioned, there are a small number of changes targeted at private equity funds and venture capital funds, but a myriad of provisions that will affect owners, employees, and other persons related to PE Funds and VC Funds, with a secondary effect on how funds invest, how business owners are compensated, and how fund managers participate and are compensated.

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