Oaktree’s Wintrob Says No Plans to Convert to C Corp Like Peers

Dec. 5, 2018, 8:33 PM

Private equity giant Oaktree Capital Group LLC isn’t planning to convert to a C corporation from a partnership because it doesn’t make financial sense at this time, CEO Jay Wintrob said.

He acknowledged that the corporate tax rate—which lawmakers dropped to 21 percent from 35 percent late last year—could easily rise again in the future. C corporations are taxed separately from their owners, who are then subject to tax on their gains as shareholders.

The 2017 tax overhaul provided pass-through entities, such as partnerships, in which income flows to individuals and is taxed at the individual level, with a 20 ...

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