Stated no big publicly traded partnership wanted to be first to undergo conversion.
This document appears to be a page from a financial news article or report, likely dating from 2017 or 2018, discussing the tax complexities and potential corporate conversions of private equity firms. It specifically mentions Apollo Global Management, Ares Management, and Hamilton Lane, highlighting the tax implications of Schedule K-1 forms versus Form 1099s for investors. The document references 'Black' (likely Leon Black) speaking at a Goldman Sachs conference about the hesitation of major partnerships to be the first to convert to corporations. It is stamped with 'HOUSE_OVERSIGHT_023565', indicating it is part of a larger congressional investigation file.
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