COVID-19 & Portfolio Securities Valuation
A Q2 2020 update on credit spreads and required returns.
Industry Index Discounted Spreads in Valuations
Considering the virus’ material impact on specific industries, we’ve seen a greater emphasis on secondary industry-specific loan indexes when controlling for credit risk.
Private Credit Managers Grapple with Growing Pains
As private credit manager valuation leaders scrutinize how to optimize their internal teams, they also are leveraging technology tools and third-party service providers—both domestic and offshore—to meet the demands of scale.
COVID-19: An Orderly Repricing of Risk in Private Debt
The only comparable event to the spread of the virus for modern private capital markets is the Great Recession, but there are some key differences this time.
COVID-19 and Portfolio Securities Valuation: Understanding the Impacts on Credit Spread
While secondary indexes are good barometers of investor sentiment and market trends, the levels reflected may not fully reflect company fundamentals and deal pricing, reflecting the new normal in a COVID-19 economic environment.
2019 By the Numbers
We are proud to share a list of our accomplishments, successes, and completed client engagements.
Crystal Ball 2020: What’s in Store?
VRC talks trends and what we could expect to see in 2020.
Private Credit Players Taking AICPA Guidelines, Growing Market Pressures In Stride
Market participants embrace best practice guidance, adjust policies accordingly. But the AICPA’s best practices are not without challenges and intricacies for the private debt and private credit professional.