Steve Judge, the president and chief executive of the Private Equity Growth Capital Council, has written a new article for The New York Times, “Why Carried Interest Is a Capital Gain”. A link to the entire article is available below.
Here’s an excerpt: “’In order to understand why carried interest is a capital gain, we should first examine what private equity does. Private equity is an industry of investors with management expertise and vision who form partnerships with pension funds, university endowments and charitable foundations to buy companies. It is the epitome of patient capital, investing in promising companies poised for growth and those in need of a turnaround.”
Click HERE to read the entire article in The New York Times.
The Private Equity Growth Capital Council is an advocacy, communications and research organization and resource center established to develop, analyze and distribute information about the private equity and growth capital investment industry and its contributions to the national and global economy. Established in 2007, the PEGCC is based in Washington, D.C. (www.pegcc.org).
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-5-13