Toby Lewis

Tax on carried interest in the UK will change from 10 percent to 18 percent, leaving many with mixed feelings.

The listed alternative asset manager incurred losses on its investments in four Permira portfolio companies last year, but its fund management business grew and Permira made ten profitable realisations.

Simon Walker has supported growing momentum to make the transparency reforms apply beyond the UK shortly after PEO revealed they currently affect only 32 portfolio companies.

The ex-Morgan Stanley chairman presented his proposals to the UK Treasury Select Committee, dismissing concerns his suggestion that firms submit anonymous attribution analysis provided firms with “a cloak of anonymity”.