Sam Sutton
The lowering of the capital overhang will place the advantage on the buy side, the Terra Firma Capital Partners founder said at Harvard’s Venture Capital and Private Equity Conference.
President Barack Obama has made his annual carried interest tax proposal as the industry has taken a public beating over allegations of asset-stripping, job cutting and all-consuming greed.
Poor investments, including a big stake in Hypo Real Estate, have played havoc with JC Flowers’ $7 billion Fund II.