Aalok Virmani is a tax partner in the Chicago office of Kirkland & Ellis LLP. Aalok advises U.S. and non-U.S. clients on fund and sponsor-level tax considerations in connection with structuring, operating and the investment activities of various types of funds, including private equity, venture capital, hedge funds, real estate, energy and special situations. Aalok’s practice includes counseling family offices with respect to establishing investment platforms and management incentive arrangements. He is also experienced in LP representations, fund restructurings, secondary transactions and minority investments in fund sponsors.

Prior to joining Kirkland & Ellis LLP, Aalok worked in-house at Equity International, a private equity firm that invests in non-U.S. real estate companies. Aalok was responsible for all tax aspects of the firm’s portfolio-level transactions, fund formations, sponsor-level tax planning, tax compliance and financial statement reporting. Aalok also held board and audit committee positions at various portfolio companies to help Equity International support and oversee its investments.


Thought Leadership


Panelist, Private Equity Waterfall and Carried Interest Provisions: Economic and Tax Implications for Investors and Sponsors, Strafford Publications Webinar (recurring)

Panelist, Private Equity Carried Interest Clawbacks: Fund Agreement Mechanisms and Tax Considerations, Strafford Publications Webinar, March 20, 2019

Panelist, A Look at the Upcoming New Partnership Audit Rules – What Every Fund Must Know, Private Investment Fund Operations and Compliance Forum, July 19, 2016

Panelist, Exploring the Potential Impact of BEPS on Private Equity Funds - It’s Not Just a Corporate Issue, The 6th Annual Private Investment Funds Tax Master Class, June 16, 2015

Panelist, Working Through Common Tax Implications of Foreign Investments, The 5th Annual Private Investment Funds Tax Master Class, May 22, 2014


Admissions & Qualifications

  • Illinois


  • University of Illinois College of LawJ.D.
  • University of Illinois at Urbana-ChampaignB.S., Accounting

Other Distinctions

Registered Certified Public Accountant (Illinois)