03 December 2025

Thursday, December 4 | Private Equity + Private Capital Webcast: Navigating transformative global change – Q4 2025 (11 am ET)

Join our panel of professionals for a timely discussion on the latest strategic influences shaping private equity and capital funds, with insights into global markets and tax legislative shifts.

Overview

Please join us for a timely discussion of the latest developments around the globe impacting global PE and PC funds, their transactions, and portfolio companies.

Date: Thursday, December 4, 2025

Time: 11:00 a.m. - 12:15 p.m. ET New York

Registration: Register for this event.

Our panel of EY Washington Council, and EY tax professionals will highlight cutting-edge trends and the emerging state of play, including:

  • UK budget developments — summary of recently announced relevant budget measures, as well as an update on the implementation of carried interest, the non-domicile rules, and inheritance tax
  • US legislative and tax regulatory update — current state of play in Washington, recap of tax provisions in H.R. 1 reconciliation Act, outlook for future legislative packages related to the government funding and a second reconciliation bill, and recent regulatory guidance and proposals
    • BEPS renegotiation and the direction of travel on trade and tariffs measures
  • Capital markets and valuations — trends in fundraising, valuation, buy-side and sell-side activity, IPOs, and credit markets
  • PE transaction marketplace update — discussion of recent planning related to H.R.1, the PE deal pipeline, buy-side and sell-side activity, and emerging transaction trends related to liquidity, structuring, and cash tax modeling trends
  • Global radar screen — global macro developments, breaking news global tax and regulatory guidance that should be on your radar screen

Moderator

  • Gerald Whelan, EY PE Tax Technical Leader, Principal, Ernst & Young LLP

Panelists

  • Steve Clausen, Partner, Transaction Tax Private Equity Leader, ITTS, Ernst & Young LLP
  • Adam Francis, Partner, Washington Council Ernst & Young LLP
  • Omar Mahmoud, Partner, Portfolio Valuation, Transactions & Corporate Finance, Ernst & Young LLP
  • Richard Thomson, Partner, ITTS, Ernst & Young UK

Learn about and register for EY Tax webcasts

You can learn about and register for any EY Tax webcast here.

Document ID: 2025-2412