Originally we thought it was over. Wrong. It looks like the whole carried interest debate is back. Like a cheap pair of sunglasses, it just won't go away. They are even trying to plug ways around it now; call me silly but I would rather spend time doing deals than working out complicated tax law solutions.
I wrote about this topic almost three years ago, and I have done so on other occasions. You can look here and here for some other thoughts. It is not something I like seeing just as signs of life are showing in the market and hopefully in development to boot.