Carried interest: London’s dealmakers bask in rare lobbying win Investing Rachel Reeves went into the 2024 general election promising to close the “carried interest loophole” long-enjoyed by “asset stripping” private equity executives. So far, though, the sector has escaped the worst of Labour’s promised crackdown, writes Ali Lyon. For someone who once argued private equity was full of asset strippers driving beloved British businesses to [...]
Private capital investment into UK business jumps 44 per cent Investing The volume of private equity and venture capital cash flowing into UK businesses jumped by 44 per cent last year as investors increasingly look outside of London for opportunities. Private capital firms invested £29.4bn into UK businesses over 2024, compared to £20.4bn in 2023, research from the British Private Equity and Venture Capital Association revealed. [...]
Government set to slash red tape for investment industry Investing The government is set to launch a consultation aiming to slash red tape from the alternative investment industry, City AM understands. City minister Emma Reynolds is set to launch the consultation, which will begin in the coming weeks, while addressing top brass in the private equity and venture capital sector later today. Speaking at a [...]
UK venture capital industry not attracting enough domestic funding, says report November 25, 2024 The UK’s venture capital industry is not attracting enough funding from domestic investors compared with the likes of France and Germany, a report from the sector’s industry body has warned. Venture Capital in the UK, a new annual paper from the British Venture Capital Association (BVCA), found the country’s risk capital sector had shown “resilience” [...]
Rachel Reeves’ carry tax hikes are sensible, says private equity boss October 24, 2024 Rachel Reeves’ plans to tax private equity partners more onerously are sensible and concerns about them triggering an exodus of dealmakers from London have been overdone, a private equity boss has said. Rami Cassis, chief executive and founder of private equity boutique Parabellum, threw his weight behind the chancellor’s plans to bring carried interest – [...]
City sounds alarm over Starmer’s ‘painful’ Budget warning August 28, 2024 City figures have sounded the alarm over the Prime Minister’s warning of a “painful” Budget this autumn, urging him not to “punish risk takers” and warning against “taxing wealth creators”. Sir Keir Starmer delivered his first major address from the No10 Rose Garden on Tuesday as he cautioned that the state of the public finances [...]
Reeves: UK pension funds should follow Canadian model to ‘unlock billions’ August 7, 2024 Rachel Reeves wants UK pension funds to “unlock billions” in investment and deliver for British savers by following the Canadian model.
Firms outside London attract the majority of private capital May 9, 2024 The majority of private equity and venture capital investment in 2023 was made outside of London, according to new data from an industry body.
Private equity and venture capital investment into the UK has crashed since 2021 May 8, 2024 Private equity and venture capital investment into UK businesses fell by over 30 per cent to £20.1bn in 2023, according to a report from the industry body.