Macfarlanes LLP fields a continually growing team active in the full array of tax matters, including advising on tax risk management, tax policy, and valuation, in addition to covering tax aspects of M&A and real estate transactions. Clients include prominent asset management and private equity firms, with demonstrable expertise in high value and multijurisdictional mandates. James McCredie leads the team, and is a specialist in private capital taxation with aptitude in fund establishment and investment structuring. Former team lead Damien Crossley remains active within the group, which additionally includes Sophie Donnithorne-Tait and Mark Baldwin, who further strengthen the group’s private capital tax offering. Jeremy Moncrieff is a key name for high value M&A, while Gregory Price covers tax issues relating to group structurings. Joe Robinson made partner in April 2024. Lawrence Parkin is a name to note.
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020 7849 2728
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Profile

Profile

Work Department
Tax and Reward
Position

Damien is head of the tax and reward group. He specialises in advising investment fund managers on the formation of private funds, on their house and remuneration structures and on the structuring of their investment transactions. He is widely recognised as a leading adviser to the investment management industry.

Damien’s clients are, in the main, investment fund managers who he advises on their house, fund and investment structuring. He has a particular expertise in the structuring and operation of private equity and private credit funds and on their carried interest and co-investment arrangements. Damien also advises a number of clients on the efficient structuring of their global private equity and special opportunity investments.

Damien spent a year on secondment at a leading law firm in New York practising US tax and most of his work has an international dimension.

Damien is a chartered tax adviser and regularly speaks and writes on tax matters.

Damien is the co-author of the textbook “Taxation of Partnerships and LLPs” which is published by Sweet & Maxwell.

Damien is chairperson of the AIMA ACC tax committee.

Career

Trained Macfarlanes; qualified 2002; partner 2009

Content supplied by Macfarlanes LLP

Testimonials

Collated independently by Legal 500 research team.

  • ‘Particularly good on tax policy and private client matters.’

  • 'Damien Crossley is extremely client-centric, strong technically and super responsive. He is truly a valuable and trusted adviser, particularly for clients in the investment funds space. Florence Barnes is an associate to watch. She has a keen eye for detail, is able to skilfully handle complex topics and is wholly focussed on the client and their needs.'

Key clients

  • Hayfin
  • Cale Street

Work highlights

Advised Hayfin on its agreement with Arctos Partners to support a management buyout of the business, acquiring British Columbia Management Corporation’s majority stake.