Which African countries have a private equity or venture capital association? Five associations, across five countries and territories. Every one was checked against its own website on a stated date, and the ones that could not be confirmed are...
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Do development finance institutions back first-time funds? Several say so in their own published material. The received wisdom is that they will not....
Nearly every diligence checklist a family office relies on is a checklist for a US manager. The SEC's adviser database, FINRA BrokerCheck, and EDGAR...
Yes — and there are more of them than any published list shows. One hundred eight non-profit trade associations represent private capital...
Last reviewed: 10 September 2026
A passive foreign investment company (PFIC) is a non-U.S. company that mostly earns or holds passive income and assets. A U.S. taxable investor who...
A non-U.S. fund treated as a partnership for U.S. tax purposes owes each U.S. investor a Schedule K-1 annually. Since 2021, most funds with...
Effectively connected income (ECI) is income a non-U.S. person earns from a U.S. trade or business, taxed the same way a U.S. person's business...
UBTI is the slice of a U.S. tax-exempt investor's income — endowments, foundations, most pension plans — that the tax code treats as if it came from...
Last reviewed: 10 September 2026