In the latest episode of Wall Street Oasis Podcast, Parallaxes Capital’s Vice President Alex Orn sat down with Patrick Curtis to talk about his non-traditional career path that ultimately led him to Parallaxes Capital. Find out why Alex, a former banker, turned private equity associate hopped off the traditional finance path to pursue a career in… Continue reading Parallaxes Featured on the Wall Street Oasis Podcast
NEW YORK CITY, May 24, 2023 – Parallaxes Capital, a leading alternative manager focused exclusively on Tax Receivable Agreements (“TRAs”), released a new piece discussing how TRAs can be leveraged as a strategic tool to foster sustainable practices in ESG frameworks. The paper, “ESG and Tax Receivable Agreements: Driving the Social and Governance Aspects of… Continue reading ESG and Tax Receivable Agreements
March 31, 2023 – Parallaxes Capital was a proud sponsor and guest at the Wharton 2023 Private Equity & Venture Capital Conference held at the NY Athletic Club. CIO Andy Lee was a panelist on the First Time Funds panel where he shared insights on the highs and lows and keys to success in growing Parallaxes from Fund I… Continue reading Parallaxes Speaks at Wharton PE & VC Conference
Parallaxes Capital CIO Andy Lee joined Ted Seides on the Capital Allocators Podcast to discuss his background and path to the hidden gem of TRAs. Andy covers the basics of a TRA, rationale for their use, and drivers of return and risks. He also provides insight on Parallaxes Capital’s investment process, team, the future of… Continue reading Parallaxes Featured on the Capital Allocators Podcast
When news began to spread that Silicon Valley Bank was facing a bank run, asset owners went into triage mode.
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… Continue reading 2023 Whitepaper: Demystifying TRAs
Parallaxes Capital CIO Andy Lee and General Counsel Saish Setty joined Peter Washkowitz to discuss Carvana’s potential bankruptcy saga, the implications of Carvana’s Tax Receivable Agreement (“TRA”), and who at Carvana might benefit from the $1.6bn TRA liability. Listen on Spotify: https://lnkd.in/eHNDnWDv Listen on Apple: https://lnkd.in/eW5FHiwM Listen on Soundcloud: https://lnkd.in/eVg7Bhyp See below for a full transcript of their… Continue reading Parallaxes Featured on the Reorg Podcast
A New, Esoteric Royalty Market Is Poised to Take Off
Carvana tax maneuvers draw attention to $1.6B TRA asset that could give Garcias leverage in potential restructuring. To read more, click on this link to view the article
December 7, 2022 – Parallaxes Capital CIO Andy Lee participated in The Association of Asian American Investment Managers’ (AAAIM) Emerging Manager Spotlight event. Lee shared the Parallaxes story and investment strategy, ‘Shark Tank’ style. For those who missed it, here were our main takeaways from the event: