valuations

Private funds that ignore the new SEC Rule 2a-5 do so at their own peril, says a Duff & Phelps valuations expert

Many private funds ran up against their boards and auditors in the process of valuing their portfolios at the beginning of the covid pandemic. Valuations firm VRC reviews some examples of how, and the lessons learned.

17Capital will enter into a JV to create a $1bn NAV-lending platform.

In the firm’s Q2 earnings call, Jonathan Gray pointed out where in private markets he thinks investment from defined contribution benefit plans will get directed to first.

A comparison of polls on Q1 valuations expectations shows market players' angst cooled significantly as summer rolled in.

Firms learned a lot valuing their portfolios in the unprecedented chaos of the first quarter of 2020. That’s given them some clarity on Q2, but there are still some major unknowns.

Most first quarter valuations are already finalized, but a study from fund administrator Gen II Fund Services gives some insight into how fund managers expected the pandemic to affect their valuations as they worked through them in April.

We should banish the idea that listed markets are the ‘right’ reference for pricing assets, writes Cyril Demaria.

The SEC's Jay Clayton said that a proposed rule aims to clean up language in the Investment Company Act that makes boards liable for fund valuations.

As the European Commission seeks to update AIFMD, Cyril Demaria of Wellershoff & Partners urges the sector to come up with counter-proposals for the sake of the industry and economic growth.