Policy Articles

The AIC is the voice for private equity in the United States, but we also work to ensure U.S. private equity firms and the funds they manage receive fair treatment in other countries. We agree with…

The enactment of tax reform legislation in late 2017 began a second phase of tax reform in the regulatory space. The private equity industry, working through the AIC, will be working over the coming…

The AIC urges the SEC to simplify the verification of investor status and provide further assurances on what constitutes “general solicitation” to allow for normal business reporting without…

The AIC urges the SEC to modernize the Advertising Rule to better meet the demands of the 21st century. The SEC’s Advertising Rule (Rule 206(4)-1), which has not been amended since its adoption…

The AIC urges the SEC to update the Custody Rule to remove unnecessary burdens. The SEC’s Custody Rule (Rule 206(4)-2) imposes many unnecessary burdens on private fund sponsors with respect to the…

The AIC urges the SEC to clarify the applicability of its auditor independence rules in the private equity context to reduce the detrimental effects on capital formation caused by the current…

Investment Advisers are Not Broker-Dealers: The AIC urges the SEC to confirm that broker-dealer regulations do not apply to private equity investment advisers merely because they may receive fees in…

WHAT IS IT? The Committee on Foreign Investment in the United States (CFIUS) is an interagency committee tasked with reviewing potential foreign investments in the U.S. and determining whether such…

What is it? Carried interest capital gains is important because it serves to align a fund manager’s interests with those of the fund’s limited partners (LPs), like pension funds, university…

What is it? Interest deductibility refers to the allowance under the U.S. tax code for a business to deduct interest expense from its taxable income, currently up to 30 percent of the businesses…

The AIC urges the SEC to reform Form PF to reflect the fact that private equity investment advisers, funds and their portfolio companies pose no systemic risk. This will reduce unnecessary…