Building a successful fund takes more than finding great portfolio companies; the tax decisions you make early can shape your fund's economics, your investors' returns, and your management company's long-term success.

In this inaugural edition of The Private Capital Brief, Andersen walks through the tax topics that matter most to emerging fund managers: What did the OBBBA change about QSBS, and how does it affect your portfolio companies and investors? How should you structure your management company to optimize compensation and reduce tax exposure? What is a PTET election, and why is it one of the most underused tax-saving tools available to fund managers today?

And what should you know about cross-border tax rules before you invest outside the U.S. or bring on foreign investors? Read on for what you and your team need to know to navigate 2026 with confidence and a clear plan for the years ahead.

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