Finding ways to work with US tax reform

February 2018

The Tax Cuts and Jobs Act (TCJA) was signed on December 22, 2017 in the US. The TCJA will have far-ranging and complex effects on private equity (PE) funds, their investors and portfolio companies. Below we summarise Citco’s insights in six main areas.

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Bringing transparency to waterfall calculations

February 2018

As capital flows into private equity, private debt and real estate funds, investors are continuing to ask for more transparency. While this trend places an additional burden on investment managers, the calls by institutional limited partners (LPs) for improved disclosure into fees, expenses and waterfall calculations presents a new opportunity for fund administrators, which have previously focused primarily on the needs of investment managers or general partners (GP).

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