Private Equity & Investment Advisory

We work with sponsors and participants during the entire fund/joint venture cycle. We understand the key structuring, tax, and audit issues that drive successful fund formation, operations, and exit. 

Our focus is to collaboratively address the structuring implications for inbound and outbound transactions for your fund (buy-out, real estate, distressed debt, etc.) so you can benefit from effective planning for sponsors and each class of investor. Validation of our experience includes serving private equity and investment management clients that range from startup firms with a single asset class and simple structuring needs to internationally recognized private equity firms with complex structuring needs and sophisticated investors.

 Who we serve

•  Fund entities
•  Diverse domestic and foreign funds
• Special purpose fund entities
  • Parallel funds
  • Alternative investments vehicles
  • Feeder funds
• Sponsor entities
  • Management companies
  • General partner promote vehicles
  • Executive co-investment vehicles
• Portfolio companies

 Our Services

• Federal, state & local, international tax consulting & compliance
• Investor tax reporting and delivery
• UBTI  analysis and reporting for tax-exempt investors
• Acquisition due diligence
• Personal income tax compliance and planning

Our team addresses the tax issues associated with various asset classes including:

• Foreign and domestic real estate
• Distressed debt (single loan purchases, small & large loan pools)
• CMBS and RMBS instruments (from securitizations to acquisitions of existing instruments)
• Loan originations
• Foreign and domestic portfolio companies
• Foreign structures and income tax treaty analysis
• Passive/Investment companies
• Active/Operating companies
• IRC Section 1031 exchanges
• REIT considerations for various asset classes

The tax consequences associated with allocations and distributions is a critical factor for all private equity fund participants. We help our clients navigate the tax complexities associated with:

• Sophisticated partnership allocation and distribution waterfalls, carried interest, catch-up distributions, and claw-backs
• Preferred returns and IRR calculations
• Performance fees

Portfolio Company Services

Serving the portfolio companies of our private equity clients is core to HCVT. We provide traditional financial reporting services, including audits, reviews and compilations and tax compliance and planning services.  We leverage our involvement with portfolio companies to facilitate timely delivery of tax information to sponsors and your investors.

In addition to providing assurance and tax services to portfolio companies of our private equity clients, our advisors provide buy-side and sell-side due diligence services. To learn more about these services, see Mergers & Acquisitions.

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