Parallaxes Capital - Tax Receivable Agreements

Parallaxes Capital is a leading alternative manager focused on tax receivable agreements.


About Us & Tax Receivable Agreements

Parallaxes has raised four funds from thoughtful and like-minded family offices, foundations and endowments. In the process, we have strived to provide liquidity to Tax Receivable Agreement (TRA) stakeholders by monetizing otherwise long-dated assets. Looking forward, we anticipate that TRAs will continue to become more common in the coming years and as such, our goal is to be a leading authority in this space.

We have worked hard to develop and refine our approach to alternative asset management. Further, we believe our team of professionals is distinguished in their breadth and depth of expertise.

Interested in learning more about Tax Receivable Agreements? Please consider requesting a copy of our Whitepaper, Demystifying The Monetization of TRAs.”




ARE YOU A

second cookie?


PHILOSOPHY

In 1972, Walter Mischel, a professor at Stanford, published (and subsequently updated) a research paper famously known as the “Marshmallow experiment.” This experiment was revolutionary in demonstrating the power of delayed gratification.

Many investors are focused on near-term results (devouring the first cookie). Typically, they don’t have the patience to exercise self-control or delay gratification for a significantly greater reward (patiently awaiting the second cookie).

Parallaxes has sought to partner with “second cookie” investors that share the firm’s long-term outlook on the investing environment.

In the intensely competitive world of finance, the easy money has been made as best practices became institutionalized across the industry. Today’s investment leaders have significant scale benefits and seek to compete based upon cost of capital. This typically results in undifferentiated investment performance profiles.

Parallaxes was created to focus on overlooked niches. In doing so, they strive to be a holistic solutions providers on complex issues.


YOU GET PAID FOR SOLVING PROBLEMS

the bigger the problem you solve, the more you get paid.