Impact of higher carry tax for General Partners Question Title * 1. If carried interest is taxed as income, what would the effect be on your firm's operations? Extremely negative Somewhat negative Neutral/no change Somewhat positive Extremely positive Don't know Question Title * 2. If carry is taxed at a higher rate, how would alignment with your LPs be affected? Significantly less aligned Somewhat less aligned Neutral/no change Somewhat better aligned Significantly better aligned Don't know Question Title * 3. If carry is taxed at a higher rate, how much would this affect the attractiveness of PE as a profession? Significantly hurt Somewhat hurt Neutral/no change Somewhat enhance Significantly enhance Don't know Question Title * 4. What are you doing / have you done in expectation of changes to the way carry is taxed? Question Title * 5. Thinking about your PE portfolio, which three factors will have a mostly negative impact on delivering returns for your investors over the next 12 months? Please select three. Climate change High valuations for assets Inflation Interest rate rises Ongoing threat from covid-19 Taxing carried interest at a higher rate US-China trade war Regulation Other (please specify) Other (please specify) Page1 / 2 50% of survey complete. Next