Podcast

Capitalizing on tax receivable agreements is a long-term play. But you’re patient. You understand that the bigger the problem you solve, the bigger the reward. And so you love overlooked investment niches.

Welcome to TRAilblazing, brought to you by Parallaxes Capital, a leading alternative manager focused on tax receivable agreements (“TRAs”).

This podcast is your go-to resource to understand what tax receivable agreements are and what the marketplace is about. Yes, tax receivable agreements have existed for years. But they are a nascent asset class and often misunderstood.

We’re here to demystify it for you. So saddle up and join us as we blaze the TRA trail.

February 21, 2024

Setting Precedent: TRAs in Diverse Transactions with Eric Sloan

In this episode of TRAilblazing, a podcast from Parallaxes Capital, host Saish Setty, general counsel of Parallaxes, welcomes tax lawyer Eric Sloan, a partner in the New York and Washington D.C. offices of Gibson Dunn and a Co-Chair of the Firm’s Tax Practice Group.

 

Tune in to hear Eric share his wealth of experience as he and Saish explore the role and growth of TRAs in diverse transactions, including the use of Up-C structures in IPOs. Eric also provides insight into the market for TRAs over the next 20 years.

 

Listen to the podcast on Apple iTunes or Spotify Podcasts:

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February 7, 2024

Exploring the Trailblazing TRA Outlook for 2024

Institutional investors often view TRAs as the next frontier of investments, similar to pharma royalties in the 2000s and music royalties in the 2010s.

 

In this episode of TRAilblazing, a podcast from Parallaxes Capital, hosts Saish Setty, general counsel of Parallaxes, and Andy Lee, CIO of Parallaxes, share their five bold—and sometimes surprising—predictions for tax receivable agreements in 2024.

 

Tune in to hear Saish and Andy provide their take on the factors and risks expected to affect TRAs in the coming year, including the potential impact of the upcoming elections.

 

Listen to the podcast on Apple iTunes or Spotify Podcasts:

Apple iTunes

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January 24, 2024

TRAs: Benefits, Complexities (and Private Jets) Explained with Tax Attorney David Peck

TRAs can be advantageous if used properly. When you get numbers in front of people in the right situation, it catches their attention. The key is to get people focused and make sure they understand the complexities.

 

In this episode of TRAilblazing, a podcast from Parallaxes Capital, host Saish Setty is joined by guest David Peck, partner and head of the Tax & Executive Compensation & Benefits Department at Vinson & Elkins. David has over 20 years of experience advising companies on tax planning and structuring related to complicated transactions.

 

Tune in to hear Saish and David discuss tax law, TRAs, and David’s predictions for the TRA market over the next 20 years. David also shares his thoughts on the development of a secondary market for TRAs.

 

Listen to the podcast on Apple iTunes or Spotify Podcasts:

Apple iTunes

Spotify Podcasts

January 8, 2024

Blazing the TRA Trail: Albert Chang on the Evolution, Challenges, and Opportunities of Tax Receivable Agreements

Get ready to learn from the most prolific banker in the TRA space.

 

In this inaugural episode of TRAilblazing, a podcast from Parallaxes Capital, host Andy Lee is joined by guest Albert Chang, Managing Director and Head of M&A Tax and Structuring Advisory at RBC Capital Markets.

 

Albert shares his unique insights regarding the process of educating the market about TRAs, and the inherent challenges and opportunities they hold for both buyers and sellers. Discussing his career path, Albert emphasizes the importance of staying nimble and ready for unexpected opportunities. Tune in to explore the distinctive risks and potential returns associated with TRAs, and gain advice for those aspiring to make their mark in this niche yet fruitful domain of finance.

 

Listen to the podcast on Apple iTunes or Spotify Podcasts:

Apple iTunes

Spotify Podcasts