Alternative Investment Funds Conference

Thursday, November 29, 2018 at 1:33PM

Tax reform and the passage of the Tax Cuts and Jobs Act has significantly impacted the asset management industry. Lower corporate tax rates, a new carried interest provision and disallowance of Section 212 miscellaneous itemized deductions, among other relevant provisions, have reshaped the tax profile of management companies. Asset managers must evaluate optimal entity structures (e.g., Domestic versus foreign; flow-through versus Corporation) , compensation models (e.g., Incentive allocation versus fee) and other strategies which may lower effective tax rates including segregating or spinning off certain income streams that qualify for the pass through deduction.

Lee Caney, Dechert Private Client partner, along with other speakers, will cover the key factors asset managers must consider in making such assessments as well as the potential impacts on investment manager and general partner estate plans and equity interest valuations. This session will also cover the implementation of new accounting requirements, including the new revenue recognition requirements of ASC 606 which may have a significant impact on the manner in which certain general partners of private equity funds recognize incentive fees and carried interest.

For more information or to register, please visit the conference website.