2023 Whitepaper: Demystifying TRAs

NEW YORK CITY, Feb. 28, 2023 / PRNewswire / – Tax Receivable Agreements (“TRAs”) have been in existence for thirty years, but only recently has the monetization of TRAs seen substantial growth. Against this market backdrop, Parallaxes Capital (“PC”) just released the second edition of its whitepaper, “Demystifying TRAs,” to enhance awareness and understanding of the TRA market, familiarize readers with key TRA terms, and highlight recent developments, including litigations, in the TRA market.

Parallaxes Capital is a market leader in monetizing TRAs, and as such, Saish Setty, General Counsel, and Andy Lee, Chief Investment Officer authored this paper to help steward the fast-growing sector. 

To start, the whitepaper highlights notable market developments over the past year, including new issue TRA activity in 2022. While IPO market activity was down in 2022, there was still an increased awareness and understanding of TRAs in the market. PC is confident that in the coming years, this will translate to TRAs becoming increasingly common in public (and private) companies.

The whitepaper also highlights recent developments in the space, most notably Carvana’s potential bankruptcy saga and recent TRA-focused litigations.

If you would like to request a copy of the whitepaper, please fill out the form in this link:

Parallaxes 2023 TRA Whitepaper

About Parallaxes Capital

Parallaxes Capital Management (“Parallaxes”) is the premier investment firm focused exclusively on monetizing Tax Receivable Agreements (“TRAs”). Parallaxes offers private equity sponsors, co-investors and management team members solutions to achieve liquidity, diversification and optionality from their TRAs. Parallaxes was founded in 2017 and is comprised of experienced investment professionals from leading private equity and growth equity firms. To learn more, please visit www.parallaxescapital.com

Media Contact 
Harrison Hsueh