Politics generally has little effect on PE. Both sides get tons of from PE donors and therefore leave the industry alone, whenever a politician brings up any regulation on PE (i.e. taxing carry as income) it falls away quickly and quietly. The last time this happened was the ToysRUs bankruptcy a couple years ago after KKR bought them and essentially looted the employee pension plan. A couple politicians were up in arms about it but it went away quickly.

 

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