Raj Tanden

Partner

Raj Tanden represents clients in tax matters across a broad spectrum of domestic and cross-border transactions, with extensive experience in “inbound” private credit funds. He also has over 30 years of experience in M&A transactions. Raj is a senior tax partner and chair of the firm’s Investment Management Tax Practice, as well as chair of the New England and Southern California Tax Practices. In addition, Raj manages the tax aspects of the firm’s securitization practice.

Raj is a fellow of the American College of Tax Counsel, comprised of the leading 700 tax lawyers nationwide, and of the American Bar Foundation, which consists of the top one percent of lawyers in each state.

Representative Clients

  • Comvest Partners: a Florida middle market credit fund sponsor
  • First Eagle Investments: a diversified fund sponsor with over US$144 billion in assets under management
  • iCapital Network: an alternative investment marketplace with over US$150 billion in platform assets
  • Monroe Capital: a Chicago credit asset management firm
  • PennantPark: a Miami middle market credit fund sponsor

Awards and Recognition

  • Selected by his peers for inclusion in The Best Lawyers in America© in the field of Tax Law (2009, 2017-2024)
  • Listed in Southern California Super Lawyers®

Affiliations

  • Member, Executive Committee of the USC Tax Institute
  • Past chair, American Bar Association (ABA) Tax Section Investment Management Committee

Community Involvement

Raj is an avid cyclist. He completed the 2019 and 2024 AIDS/LifeCycle Ride and will ride again in 2025 for the final event. AIDS/LifeCycle is a 545-mile/7-day bike ride from San Francisco to Los Angeles to raise funds for the life-saving services offered by the San Francisco AIDS Foundation and the Los Angeles LGBT Center. Raj also completed the 2018 Pan-Mass Challenge, a 200-mile/2-day ride through central Massachusetts to the Provincetown (Cape Cod) to raise funds for the Dana Farber Cancer Institute. Raj has climbed the Haleakala volcano on Maui on numerous occasions: an over 10,000 ft. climb!

Presentations and Publications

Raj has authored numerous articles and speaks for the ABA, American Law Institute, NYU Federal Tax Institute, Practising Law Institute, and USC Tax Institute.

12 May 2025 Foley Viewpoints

YA Global Heads to Appeals Court Over Tax Court Ruling on Offshore Fund’s U.S. Activities

Last month, YA Global Investments, LP filed a notice of appeal to the U.S. Court of Appeals for the Third Circuit, seeking review of the U.S. Tax Court holding in YA Global Investments, LP v. Commissioner.
30 April 2025 Deals and Wins

Foley Represents Canopy in $70M Series C Financing to Accelerate AI Innovation

Foley & Lardner LLP represented Canopy, a firmwide operating system for accounting firms, in its $70 million Series C funding round.
15 April 2025 Deals and Wins

Foley Advises Tidemark in Growth Equity Investment in Onfly

Foley & Lardner LLP represented Tidemark in its growth equity investment in Onfly, a Brazilian travel technology company providing an end-to-end corporate travel and expense management software platform.
03 April 2025 Deals and Wins

Foley Represents cQuant.io in Acquisition by Zema Global

Foley & Lardner LLP represented cQuant.io, an industry leader in analytic solutions for energy and commodity companies, in its acquisition by Zema Global, a leading provider of data management and analytics solutions for companies in the energy, commodities, and financial sectors.
04 March 2025 Deals and Wins

Foley Advises Tidemark in Growth Equity Investment in AgVend

Foley & Lardner LLP represented Tidemark in its growth equity investment in AgVend, a digital engagement platform for agricultural retailers.
19 July 2024 Foley Viewpoints

Section 1446(f) Withholding and Private Fund Admissions and Withdrawals                         

A partnership, such as a fund treated as a partnership for U.S. federal income tax purposes, that realizes income effectively connected with the conduct of a trade or business within the United States is required to withhold tax against such ECI that is allocated to its non-U.S. partners.