Articles + Publications December 15, 2025

Converting Private Funds to Registered Funds

Written by

Thomas Gray

Reprinted with permission from the December 15, 2025 issue of Tax Notes Federal. ©2025 Tax Analysts. Further duplication without permission is prohibited. All rights reserved.

Those in the investment fund industry have noticed a trend over the past few years: the increased conversions of private funds into registered investment funds. These conversions can be complicated, and the subsequent tax compliance requirements of being a registered fund can be much more burdensome than those imposed on a private fund. This article addresses the types of funds involved, what’s driving these conversions, and some of the federal income tax consequences of the conversions.

Click here to read the full article in Tax Notes Federal.

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