I’ve been known to jokingly refer to this time of year the “easy money period” for startups in France. The reason for this is that late May and ultimately June 15 represent the filing deadlines for weath tax in France. The French wealth tax, l’impôt de solidarité sur la fortune, or ISF for short, represents […]
There is a subtle but insidious trend burgeoning within France’s private equity industry. This trend is a shift in fund objectives from a “capital gains generation” model towards a “fee generation” model. In other words, the financial benefits accruing to private equity GP’s are increasingly coming more from management fees than from carried interest. As […]