New Option for Excess Fee Income Rebates in Private Equity Funds for Non-US and US Tax-Exempt Investors

This update discusses a new and interesting development with respect to how certain non-US and US tax-exempt investors can receive a “rebate” of previously paid management fees with respect to their investments in private equity funds. We are encountering this new rebate alternative, usually presented in the subscription booklets of private equity funds, with increased frequency. Below is a high-level summary of this new rebate alternative and the potential tax considerations for investors who wish to select it. READ MORE