Crystallization is a pivotal concept in private equity fund management, particularly for General Partners (GPs) seeking to realize the value of their carried interest, or “promote.” As private equity funds mature and assets are monetized, the timing and method of crystallizing a promote can have significant implications for both GPs and Limited Partners (LPs). This… The post Locking In Value: How GPs Use Crystallization to Balance Incentives appeared first on DarrowEverett LLP.| DarrowEverett LLP
On August 15, the Treasury Department published long-awaited guidance on applicability of “beginning of construction” safe harbors for solar and wind projects under the One Big Beautiful Bill and Executive Order 14315. While IRS Notice 2025-42 was expected to be much worse for the industry, the version that was issued does provide relief for those… The post Get to Work: New Treasury Guidance Changes Safe Harbors for Solar and Wind Tax Credits appeared first on DarrowEverett LLP.| DarrowEverett LLP