Biden Plan May End Private Equity's Most Lucrative Tax Break

The video discusses the political and economic implications of carried interest, a significant tax break for private equity managers. It explores the industry's response to potential changes in taxation, highlighting the historical context and bipartisan political interest. The discussion also covers the impact on clients and investors, particularly regarding fees and investment strategies.

What factors contribute to the rising costs in the private equity sector?

In what ways has the private equity industry changed in recent years according to the text?