Bill Myers
The US regulator's final rules, voted through on Wednesday, still impose rigid disclosures and require fairness or valuation opinions on continuation fund transactions.
Earlier efforts to reform carried interest taxation had stalled, before US Senator Joe Manchin announced on Wednesday that he and Senate Majority Leader Chuck Schumer had worked out a deal.
If brought into law, the proposals would include ban a raft of fees, expenses and business practices in all private funds.