Private equity

The path was nearly cleared for one of the cornerstones of President Joe Biden's domestic agenda after Democrats agreed on a revised version of their tax and climate bill.

The Arizona Democrat, a pivotal vote in the Senate, is asking to drop a provision from the bill that would scale back a tax break for fund managers, known as carried interest.

Now that Senator Joe Manchin is on board with a $433 billion tax and climate bill, Democrats, Republicans and the private equity industry all are trying to suss out where the Arizona lawmaker stands.

The Top 25 Firm has expanded its presence in New Jersey after receiving private equity funding.

The Arizona lawmaker is “reviewing the text and will need to review what comes out of the parliamentarian process.”

The current interest in the profession on the part of private equity bears more than a passing resemblance to trends from the 1990s.

Citrin Cooperman acquired Shepard Schwartz & Harris; MarksNelson bought Integrity Advisory; and CLM is acquired by private investors.

RubinBrown merged in Himes Consulting Group; WA Asset Management acquired BT Wealth Management; and BigTime Software acquired Projector PSA.

Citrin Cooperman, a Top 25 Firm based in New York, completed the acquisition of Kingston Smith Barlevi, a Los Angeles-based firm that specialized in the media and entertainment industries.

EisnerAmper, a Top 20 Firm based in New York, is adding Raich Ende Malter & Co. a Top 80 Firm, also based in the city, with the deal expected to close this summer.