The US federal income tax system has a unique entity classification regime that allows certain types of entities to choose their tax classification (i.e., opaque versus transparent). This choice is made by mailing to the US Internal Revenue Service a Form 8832 on which the entity literally checks a box corresponding to its desired tax classification, hence the phrase “check-the-box” election. This article provides an overview of the check-the-box rules and discusses some related considerations for non-US investment funds. more…
Private Debt – Growing segment with structural staff shortage
The private debt sector has been growing for years: international funds are increasingly entering the German market, opening new branches, and setting up new structures. And in regard to recruiting, the industry is encountering challenges. After all, the personnel target groups are extremely narrow – not only for private equity funds but also for private debt firms, and the competition is strong. Strategy consultants Britta Bene and Cornelia Keßler provide an insight into the competitive labour market. more…
Corporate Human Rights Responsibility – Why a strong Supply Chain Act is important
While many companies recognize they have a responsibility to ensure respect for human rights in their global supply chains, there is no law in Germany or the European Union mandating companies to establish such human rights due diligence. This may change soon. more…
How Venture Debt works
The search for investors and lenders is important for companies of all sizes – and unfortunately not always easy. Classic financing instruments are often unsuitable, especially for start-ups. Venture Debt can close this financing gap. more…
The Dutch way of private equity and venture capital fund structuring
Investment funds play an important role in the Dutch economy. Find out more about the special features of fund structuring in the Netherlands. more…