Who will get most out of AICPA’s new guidelines

Today we have expert insight into AICPA's updated valuation guidelines for private equity and venture capital, as well we news on the CFOs & COOs Forum, secondaries and real estate's new global IRR index.

First up: you can now download the agenda for the biggest private equity CFO event in the world (PEI’s CFOs & COOs Forum in January in New York).

In addition to hearing from keynote speaker Carl Thoma, I’ll definitely be at the panel on guiding a firm and fund through a secondaries process. I hope to see you there.

This morning Brian Bonilla has some expert takes on AICPA’s PE and VC valuation guidelines, as updated this summer. Some headlines:

– the 600-page document includes “16 case studies which are real life examples to show how diverse best practice is”

– resource-constrained small and mid-market firms can lean on it to show how they are fully compliant with the fair-value determination standard.

Elsewhere in the world of private markets, sister publication PERE is reporting that real estate investment industry bodies INREV, ANREV and NCREIF are set to launch a global rate of return index later this year. The rationale: if private real estate wants to compete effectively with liquid markets for global institutional capital, it needs to move towards fuller transparency over returns.

And investment bank PJT Partners has teamed up with Nasdaq (press release here) to “provide enhanced execution capabilities for general partner-sponsored secondary transactions.” Our secondaries specialists will be weighing in with more insight soon.

Email prepared by Toby Mitchenall