Elena Rowlands

Elena Rowlands

  • Partner

Elena is a partner in our Tax Department, specialising in the taxation of asset managers and investment funds

Expertise

Elena has particular expertise in the structuring and formation of private and listed alternative investment funds with a focus on private equity, venture, debt, infrastructure and real estate funds.

She also specialises in advising fund managers on their own internal complex tax issues. These include restructurings and incentive arrangements, and tax authority disputes. Elena also advises institutional investors on the tax risks associated with investing in particular fund structures.

Elena is a member of the firm's Graduate Recruitment team.

Elena is a member of the Alternative Investment Management Association’s working groups on base erosion and profit shifting (BEPS) and partnerships and a member of the Income Tax Sub-Committee of the Law Society. She regularly speaks at conferences and has been published by the British Tax Review. She is also the author of Tolley’s Tax Planning chapter on partnerships and the UK chapter of the Chambers and Partners Investment Funds 2019 Guide.

Selected deals

  • A leading global private fund manager on the establishment of a private equity fund targeting investors in the USA, Canada and Australia.
  • Ongoing advice to a number of clients on the recent changes to partnership taxation (including salaried members, mixed members, disguised investment management fee planning and carried interest).
  • Establishing a new fund for the credit division of a global fund manager.
  • A US-based fund manager on the formation of a UK listed credit fund structured as a UK investment trust.
  • A leading UK-based real estate fund manager on the restructuring of its existing feeder fund and the structuring and formation of its new feeder fund.
  • Establishing a number of private equity funds and working with these clients to understand what structures would work best for them and their investors.
  • The Pensions Infrastructure Platform on the structure and formation of the PiP Multi-Strategy Infrastructure Fund.
  • A real estate fund manager on the structure of its new residential fund and its investments within the student accommodation space.