Pros And Cons Of Using 'Management Fee Waivers' In NY

Law360, New York (November 2, 2012, 1:51 PM EDT) -- The press recently reported on a series of investigations undertaken by the New York Attorney General’s Office to scrutinize private equity firms’ use of “management fee waivers.” Starting in July, Attorney General Eric Schneiderman began issuing subpoenas to some of the largest private equity firms with operations in New York in an effort to obtain documents describing the management fee waiver practices utilized by each firm.

What Are the Management Fee Waiver Strategy and its Potential Tax Benefits?

A management fee waiver or conversion is a...
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