KirklandPEN Kirkland & Ellis LLP

Private Equity Newsletter – November 8, 2010

This issue includes the article “Serious Flaws in Pending Carried Interest Tax Legislation,” which analyzes proposed Code §710. Also featured is “Two Additional Regulatory Changes Relating to Private Fund Managers,” which reports that, as placement agents seek to understand how the new rules will apply to them, private fund sponsors should consider how their engagement letters with placement agents allocate the risks arising out of this new regulatory environment.