Vasavada: GPs expensing private jets to investment funds is a scam
Samir Vasavada · How Vise Became a Unicorn With Just 40 Employees · Sourcery with Molly O'Shea · Jul 25, 2025 · at 33:49
Samir Vasavada, CEO of Vise, discusses the tax and expense strategies used by wealthy fund managers and general partners regarding private aircraft.
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“And then what a lot of GPs do or a lot of managers do is they actually expense these planes or the operating costs from their fund. Which is, I feel like a complete scam, but you can basically deduct The cost of operating an aircraft from the actual fund, which will impact your IRR to some degree. It doesn't even come out of the management company. And you know, voila, you can fly private.”
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