Venable partner and Association for Corporate Growth (ACG) chairman Chuck Morton addressed misperceptions about the middle market and private equity in the November 7, 2012 edition of Mergers & Acquisitions. In the interview, he said President Obama's reelection will "lead to further gridlock in Washington" and will likely result in the "increased taxation of carried interest."
Morton said "Romney's campaign brought focus onto several misperceptions people have about private equity, which gives the ACG an opportunity to educate the American people about the true role of private equity." He explained that "the people who really benefit from private equity are the people, such as the investors, firefighters and teachers in California that can retire because the California Public Employees Retirement System enhances its return through private equity." Going forward, Morton said "that’s an incredibly important part of the story."