
Overview
Lucas Rachuba is a partner in the Tax practice based in the San Francisco and Century City offices. Lucas focuses on private equity and public company M&A, credit funds, hedge funds, venture capital and real estate transactions.
His clients include private equity firms, hedge fund complexes, real estate funds, portfolio companies, public companies and family offices. He works with private equity and other fund principals, boards of directors and members of senior management. He also advises on various topics related to transaction and fund structuring, including international tax issues, taxation of carried interests, section 892, QSBS and tax elements of compensation structuring.
His current and past clients include Symphony Technology Group, Francisco Partners, Vector Capital, Guggenheim Partners, Bain Capital, Baupost, Kohlberg & Co., Fenway Partners, Grantham Mayo van Otterloo, Goldman Sachs Asset Management, Merrill Lynch Asset Management, Platinum Equity, Ares Capital, Canyon Capital Advisors, Crescent Capital, Beach Point Capital, GIC, Temasek, CDPQ and Harvard Management Company, among many others.
Lucas regularly speaks on important developments in tax law, including at the USC Tax Conference and at the ABA. Lucas received an A.B. summa cum laude in from Dartmouth College, where he was elected early to Phi Beta Kappa, and a J.D. magna cum laude from Harvard Law School, where he was an editor of the Journal of Law and Technology. Lucas is admitted to the Bar in New York and California and is a member of the New York State Bar Association.
Accolades
- Tax, Chambers USA
Education
- Harvard Law School, J.D. (magna cum laude; Editor, Journal of Law and Technology)
- Dartmouth College, A.B. (summa cum laude)
Representations
- (November 11, 2025)
- (October 10, 2025)
- (September 23, 2025)
- (September 16, 2025)
- (September 10, 2025)
- (September 4, 2025)
- (August 27, 2025)
- (June 27, 2025)
- (June 26, 2025)
- (May 22, 2025)
- (May 8, 2025)
- (May 7, 2025)
- (April 23, 2025)
- (March 26, 2025)
- (March 21, 2025)
- (March 4, 2025)
- (February 18, 2025)
- February 13, 2025)
- (January 7, 2025)
- (September 27, 2024)
- (September 3, 2024)
- (July 29, 2024)
- Varicent and Great Hill Partners on Strategic Investment from Warburg Pincus, Great Hill Partners, and Spectrum Equity (July 18, 2024)
- Hanwha in Acquisition of Philly Shipyard (June 24, 2024)
- Goldman Sachs in Thoma Bravo’s $5.3 Billion Acquisition of Darktrace (April 30, 2024)
- Morgan Stanley, J.P. Morgan, Rabo Securities and the Other Underwriters in AGCO Corporation’s Inaugural $1.1 Billion Senior Notes Offering (March 26, 2024)
- Equilend in Sale to WCAS (January 23, 2024)
- Underwriters on Chesapeake Utilities Corporation’s Common Stock Offering (November 15, 2023)
- Lenders in Connection with Legends’ Acquisition of ASM Global (November 7, 2023)
- Spearmint Energy on $92 Million Tax Equity Financing for Battery Energy Storage Project in ERCOT (October 20, 2023)
- Underwriters on ONEOK’s $5.25 Billion Senior Notes Offering (August 14, 2023)
- Symphony Technology Group in $1.4 Billion Take-Private of Avid Technology (August 9, 2023)
- Vance Street Capital Management and Micronics Engineered Filtration Group in Acquisition of AFT (July 28, 2023)
- Freedom Acquisition I Corp. in Business Combination with Complete Solaria (July 19, 2023)
- Symphony Technology Group in Acquisition of Wrike (July 12, 2023)
- Quotient Technology, Inc. in $430 Million Business Combination with Neptune Retail Solutions (June 22, 2023)
- Symphony Technology Group in $1.5 Billion Acquisition of Momentive Global (June 2, 2023)
- Vector Capital in Acquisition of Riverbed Technology (May 30, 2023)
- Sisecam Chemical Resources LLC in Acquisition of Sisecam Resources LP (May 26, 2023)
- Oakley Capital Portfolio Company vLex in Acquisition of Fastcase (April 12, 2023)
- PartnersAdmin LLC in Sale to TMF Group (March 27, 2023)
- Symphony Technology Group in $1.5 Billion Acquisition of Momentive Global (March 14, 2023)
- Jaguar Global Growth Corporation I in Business Combination with GLAAM (March 3, 2023)
- Clarion Capital in Majority Stake Acquisition of Vin Di Bona Productions (January 20, 2023)
- IEQ Capital in a Growth Investment from Stone Point Capital LLC (January 19, 2023)
- Vector Capital in Sale of MarkLogic to Progress (January 3, 2023)
- Underscore Talent in Sale of Majority Stake to TheSoul Publishing (December 13, 2022)
- HyperloopTT in Business Combination with Forest Road Acquisition Corporation II (November 28, 2022)
- Oak Hill Advisors in One of Largest-Ever Private U.S. Conservation-Focused Forest Investments (November 2, 2022)
- Prize in Business Combination with Rose Hill Acquisition Corporation (October 20, 2022)
- Digital Transformation Opportunities Corp. in its merger with American Oncology Network (October 5, 2022)
- Vector Capital and its portfolio company Planful in its acquisition of Plannuh (September 12, 2022)
- The Riverside Company in its acquisition of Siffron (September 12, 2022)
- FiscalNote in its $1.3 Billion Business Combination and Becoming a Publicly Traded Company (July 29, 2022)
- Nomi Health in the acquisition of Everyone Health and Sano Surgery (July 22, 2022)
- Orchestra BioMed in Merger with Health Sciences Acquisitions Corporation 2, Strategic Collaboration and Closing of Series D Financing (July 5, 2022)
- The special committee of the Board of Directors in the sale of US Well Services to ProFrac (June 30, 2022)
- Guggenheim Partners in a Series B2 round in Acrisure (May 30, 2022)
- Symphony Technology Group and its portfolio company Onclusive in its acquisition of Critical Mention (May 26, 2022)
- Canopy Growth in the acquisition of Jetty (May 17, 2022)
- Brex in the acquisition of Pry Financials (April 18, 2022)
- Guggenheim Investment Management in a Series B funding round in OnCorps (March 20, 2022)
- Vector Capital and its portfolio company MoxiWorks in the acquisition of ActivePipe (February 21, 2022)
- Symphony Technology Group in the sale of eProductivity Software from Electronics for Imaging (January 10, 2022)
- Symphony Technology Group and Dodge Construction Network in a sale of a portion of STG investment in Dodge to Clearlake Partners and an additional investment by Clearlake into Dodge (January 4, 2022)
- Guggenheim Partners in an investment in Wire 3 (December 6, 2021)
- Vector Capital and MarkLogic in the acquisition of Smartlogic (November 22, 2021)
- Guggenheim Partners in its investment in Kitman Labs (November 3, 2021)
- Oak Hill Advisors in its joint venture with Bluesource (seller of carbon credits) to acquire $500 million of woodlands to generate carbon offset credits (October 20, 2021)
- Vector Capital in the combination of CM Group with Insight Capital’s Cheetah Digital (October 20, 2021)
- Canopy Growth in the acquisition of Wana Brands (October 13, 2021)
- Vector Capital and its portfolio company Mood Media in its acquisition of PlayNetwork from Octave Group (September 20, 2021)
- Francisco Partners in its majority investment in and RugsUSA and acquisition of a stake in RugsUSA from Comvest Partners (September 9, 2021)
- L2 Point and Morgan Stanley Private Credit in a $60 million investment in Revolution Foods (September 7, 2021)
- HIG Capital in the acquisition of Jackson Paper Manufacturing (August 31, 2021)
- FiscalNote in its acquisition of Predata (August 17, 2021)
- Brex in its acquisition of Weav (August 16, 2021)
- Francisco Partners in its and Accel-KKR’s $550 million investment in Vendavo (August 3, 2021)
- Symphony Technology Group in its sale of Connexity to Taboola (July 22, 2021)
- Symphony Technology Group and Winshuttle in its acquisition by Clearlake and Precisely (June 13, 2021)
- Symphony Technology Group in the $1.2 billion acquisition of FireEye''s products business (June 1, 2021)
- Symphony Technology Group and its portfolio company Escalent in the acquisition of Grail Insights from NewQuest Capital Partners (May 31, 2021)
- Symphony Technology Group in its agreement to sell SPH Analytics to Press Ganey (May 25, 2021)
- Symphony Technology Group-backed Cadmium CD in the acquisition of CommPartners (March 22, 2021)
- Symphony Technology Group in its $4 billion acquisition of the Enterprise business of McAfee (March 7, 2021)
- A New York-based private equity fund on its acquisition of an Australian mortgage business.
- A San Francisco-based private equity fund on the recapitalization and IPO of its portfolio company.
- A Los-Angeles based private equity fund on multiple international acquisitions.
- Los Angeles and New York-based publicly-traded partnerships on converting to corporations post-2017 tax reform.
- Various private equity and hedge fund professionals on solutions to the new “three-year carry” capital gain rules.
- A Los Angeles-based credit fund manager on the tax implications of setting up a Japanese KK subadvisor.
- Various industry professionals on self-employment tax strategies.
- An energy fund on Latin American power purchase agreement investments.
- A Singapore sovereign wealth fund on investments in loan origination and life settlement platforms.
- A sovereign wealth fund on the implications of 2017 tax reform for its MNC investee companies, such as airlines and telecoms.
- A U.S. credit fund on airplane leasing transactions in Ireland.
- Clients on the U.S. tax aspects of structuring an India-focused VC/PE fund.
- A U.S. hedge fund on a restructuring of an Atlanta-based real estate investment.
- A U.S. credit fund on setting up an Irish treaty platform for its direct lending investments.
- A Canadian sovereign wealth fund on an acquisition of multiple U.S. partnerships and corporations from a San Francisco private equity fund.
- A Hong Kong-based asset manager on U.S. tax deferral techniques/platforms.
- A credit fund on the acquisition of multiple blocker entities from a U.S. private equity fund.
- Clients on the availability of foreign tax credits for a withholding tax imposed on a series of VC funds selling an India investment to a multinational retailer.
- A hedge fund on the acquisition of Latin American receivables.
- A Middle Eastern sovereign fund on investment in a Brazil clean energy platform.
News
Engagement & Publications
Speaking Engagements
- "Private Equity and the One Big Beautiful Bill Act: Opportunities and Challenges,” Strafford, Speaker (Sept. 30, 2025)
- "UBTI issues," Stanford Management Company annual legal counsel conference, Palo Alto, Speaker
- Wells Fargo Tax Reform panel for hedge funds, San Francisco, Speaker
- BofA Merrill Lynch hedge fund tax roundtable, San Francisco, Speaker
- PEI Private Equity Conference, San Francisco, Speaker
- American Bar Association Tax Committee meeting, San Francisco, Speaker
- EY Alternative Funds Symposia, San Francisco and Los Angeles, Speaker
- EY International Tax Conferences, New York and Singapore, Speaker