Discount levels as high as 30% are unlikely to entice any but the most desperate sellers to approach the secondaries market for liquidity relief.
'There are enough yellow and orange flags, if not red flags, that show valuations may not reflect what an orderly market transaction should reflect.'
Many advisers hold Monday morning monitoring meetings, where they discuss the state of financials. “That’s the information they should be using for valuation.”
Winding up legacy funds and side pocket investment vehicles can improve performance and free up investment capital, outweighing the cost of fairness opinions, writes VRC valuations expert Chad Rucker.
Getting a second opinion on certain fairness opinions during energy M&A transactions can go a long way to ensuring that the best interest of the company and its stakeholders are met, writes James Hanson of Opportune Partners.
Investors are in for a long-overdue reunion with more pedestrian performance and other adverse outcomes of the evolving economic situation. The coming PE-induced financial crisis predicted by some is harder to see.
Relying too much on implied value derived from a deal’s price can cause reporting, compensation and other issues for management teams, writes Stout managing director Jeremy Krasner.
Rising inflation is set to cause additional challenges for the private funds industry, particularly when it comes to valuations and risk assessments.
Petra Funds arrives as the weight of back-office burdens is set to grow. Regulators are starting to roll out proposals aimed at making private markets more transparent and leveling the playing field.
A SPAC launch moves quickly, so management teams need to be prepared for an onslaught of accounting work, say Withum’s Tom Angell and Fatema Raza.