Daily Summary
Private equity firms are preparing for heated tax negotiations this summer over carried interest and corporate tax deductions, with the American Investment Council launching a major ad campaign amid looming Senate budget resolution and debt ceiling concerns. Meanwhile, former Intel CEO Pat Gelsinger has joined venture firm Playground Global as a general partner and executive chairman of startup xLight after aligning with their engineering ethos post-retirement.
Private Equity Firms Brace for Summer Tax Talks Over Carried Interest
Private equity firms are gearing up for contentious summer tax negotiations, focusing on carried interest and corporate tax deductions, as the American Investment Council launches a major ad campaign amid looming Senate votes on a new budget resolution.
Pat Gelsinger Joins Playground Global as General Partner and xLight's Executive Chairman
Former Intel CEO Pat Gelsinger has joined Playground Global as a general partner and executive chairman of xLight, aligning with the firm’s focus on deep-tech investments following extensive post-retirement deliberations.