Shows
TRAilblazingUnveiling the Potential of TRAs in Private Transactions with Rachel CantorYou’re going to start seeing TRAs more and more in private market transactions. In this episode of TRAilblazing, a podcast from Parallaxes Capital, host Saish Setty, general counsel of Parallaxes, welcomes Rachel Cantor, a partner at Kirkland & Ellis, who focuses on the tax aspects of complex business transactions, including domestic and cross-border mergers, acquisitions, and leveraged buyouts, as well as joint ventures, recapitalizations and debt and equity restructurings.Tune in to hear Rachel and Saish discuss the rise of NOL TRAs, the potential for TRAs being used in private market transactions, the impact of TRA...
2024-04-0319 minTRAilblazingCompetitive Advantage: Parallaxes is Redefining the TRA MarketThe TRA space has challenges, but Parallaxes is here to win. How? Parallaxes has a dedicated team with a singular focus of owning the opportunity set. In this episode of TRAilblazing, a podcast from Parallaxes Capital, Andy Lee, Founder and CIO of Parallaxes and Saish Setty, General Counsel of Parallaxes discuss the barriers to entry in the TRA space and shed light on the secrets behind Parallaxes’s competitive advantage.Tune in as the duo share how Parallaxes is pre-underwriting the investable universe of TRAs to close transactions faster, their efforts to align fee structure wit...
2024-03-2018 minTRAilblazingSetting Precedent: TRAs in Diverse Transactions with Eric SloanTRAs are becoming increasingly common in IPOs. In this episode of TRAilblazing, a podcast from Parallaxes Capital, host Saish Setty, general counsel of Parallaxes, welcomes tax lawyer Eric Sloan, a partner in the New York and Washington D.C. offices of Gibson Dunn and a Co-Chair of the Firm’s Tax Practice Group. Tune in to hear Eric share his wealth of experience as he and Saish explore the role and growth of TRAs in diverse transactions, including the use of Up-C structures in IPOs. Eric also provides insight into the market for TRAs over the...
2024-02-2130 minTRAilblazingExploring the Trailblazing TRA Outlook for 2024Institutional investors often view TRAs as the next frontier of investments, similar to pharma royalties in the 2000s and music royalties in the 2010s.In this episode of TRAilblazing, a podcast from Parallaxes Capital, hosts Saish Setty, general counsel of Parallaxes, and Andy Lee, CIO of Parallaxes, share their five bold—and sometimes surprising—predictions for tax receivable agreements in 2024.Tune in to hear Saish and Andy provide their take on the factors and risks expected to affect TRAs in the coming year, including the potential impact of the upcoming elections.Connect and Lear...
2024-02-0727 min
Funds that WonDemystifying Tax Receivable Agreements l Saish Setty & Parallaxes Capital l Ep 29Today, I sit down with Saish Setty of Parallaxes Capital, an incredible innovative firm that is changing the way we think about tax receivable agreements-- TRAs. Parallaxes provides liquidity to tax receivable agreement ("TRA") stakeholders by monetizing otherwise long-dated assets and anticipate that TRAs will continue to become more common in the coming years while they lead the pack. Saish and I get into the weeds on how his firm provides alpha, what a TRA even is, and what he sees in the future of this asset class. Great conversation with Saish, enjoy. Saish Setty...
2024-01-2441 minTRAilblazingTRAs: Benefits, Complexities (and Private Jets) Explained with Tax Attorney David PeckTRAs can be advantageous if used properly. When you get numbers in front of people in the right situation, it catches their attention. The key is to get people focused and make sure they understand the complexities. In this episode of TRAilblazing, a podcast from Parallaxes Capital, host Saish Setty is joined by guest David Peck, partner and head of the Tax & Executive Compensation & Benefits Department at Vinson & Elkins. David has over 20 years of experience advising companies on tax planning and structuring related to complicated transactions. Tune in to hear Saish and David discuss tax la...
2024-01-2429 min
The Lawyer's EdgeSaish Setty | From BigLaw To a Startup – How To Make the TransitionSaish Setty is the General Counsel at Parallaxes Capital, an emerging alternative asset manager focused on TRAs (Tax Receivable Agreements) and esoteric assets. As a senior member of the company's deal team, he spearheads the development of TRA strategies, a complex alternative asset class. Parallaxes has deployed more than $250 million across its various funds. After graduating with a BA in economics from Princeton, Saish earned his JD from Harvard Law School. Before joining Parallaxes, Saish was an Associate at Paul, Weiss, Rifkind, Wharton & Garrison LLP and began his legal career in the restructuring and finance department at W...
2023-10-2438 min
Octus RadioReorg Radio Americas: Avaya, Revlon, Celsius Network, Tax Receivables AgreementsOur weekly recap and preview for next week features Avaya, Celsius Networks, Revlon and a bankruptcy industry update on the middle-market outlook for 2023.
For this week’s deep dive, Andy Lee and Saish Setty of Parallaxes Capital speak to Reorg’s head of covenants, Peter Washkowitz, about tax receivables agreements using Carvana’s tax receivables agreement as a case study of this esoteric tax asset.
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#highyield #leveragedfinance #restructuring
2023-02-2023 min