Graduation Year

Fall 2012

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Douglas McEachern

Reader 2

Gregory Hess

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© 2012 Michelle Lee


This paper discusses the rise of carried interest in investment partnerships and its controversial tax treatment; it looks into the history of private equity as well as recent literature in determining whether its current treatment is justified, and moreover, suggests further considerations with regards to the matter.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.