Proposed Federal Tax Legislation Would Effect Three Key Changes to State and Local Tax Deductibility Limits
On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated in the Senate. Among other proposals, if enacted into law, TOBBB would make three significant changes to the limitation on deductibility of state and local taxes under […]
Soroban: An Update After US Tax Court Ruling
On May 28, 2025, the US Tax Court ruled that investment manager limited partners in Soroban Capital Partners were active limited partners and, as such, were ineligible for the limited partner exception to self-employment taxes described in Internal Revenue Code Section 1402(a)(13).
Q1 2025 Venture Financing Report – Interview With Jeff Crowe
In conjunction with our Q1 2025 Venture Financing Report, we sat down with Jeff Crowe of Norwest to get his take on the state of venture capital investing. Key insights from Jeff Crowe On what differentiates an outstanding venture capital investor: “They have a nose for where technology is going, build […]
Updated Marketing Rule FAQ Relieves Fund Managers From Calculating Investment-Level Net Returns
On March 19, 2025, staff from the Securities and Exchange Commission (SEC staff) updated its prior guidance regarding the requirement to show net returns of an individual investment, or subset of investments, in compliance with Rule 206(4)-1 (Marketing Rule) under the Investment Advisers Act of 1940.
SEC Staff Takes Steps to Allow Funds to More Comfortably Fundraise Under Rule 506(c)
On March 12, 2025, staff from the Securities and Exchange Commission (SEC staff) issued new guidance regarding Rule 506(c) of Regulation D under the Securities Act of 1933 (Securities Act). We expect that such guidance will improve the compliance experience that fund sponsors encounter should they seek to rely upon […]
Q4 2024 Venture Financing Report – Interview With Alexa von Tobel
In conjunction with our Q4 2024 Venture Financing Report, we sat down with Alexa von Tobel of Inspired Capital to get her take on the state of venture capital investing. Key insights from Alexa von Tobel On investing in companies driving industry disruption: “We believe that venture capital – when properly deployed – […]
Annual SEC Section 13 Filing Requirements for Venture, Private Equity Funds
Venture and private equity funds and other investors that own equity securities of public companies may have numerous Securities and Exchange Commission (SEC) filing requirements – including filings based on the size of the holdings of a particular portfolio company, aggregate holdings of securities across all public portfolio companies, and […]
Q3 2024 Venture Financing Report – Interview With Asad Khaliq
In conjunction with our Q3 2024 Venture Financing Report, we sat down with Asad Khaliq of Acrew Capital to get his take on the state of venture capital investing. Key insights from Asad Khaliq On the most exciting advancements in technology right now: “Cybersecurity is unique in that progress is […]