A 3Q 2021 Update on Middle Market Credit Spreads and Required Returns

As we reflect on the private credit market in Q3 2021, direct lenders and private equity sponsors note trends remain similar to Q2.

FASB Implements Improvements to Deferred Revenue Accounting in Acquisitions

New FASB guidance allows companies to apply the revenue recognition standard (ASC 606).

With $3.6 Trillion in Goodwill on the Books of U.S. Companies, Panelists Argue Attention Must Be Paid

The continued growth of goodwill raises the stakes for U.S. & international standards setters considering changes to the way companies account for the assets.

With Greater Liquidity Comes Greater Private Asset Valuation Frequency

The new buzz phrase—”monthly valuation”—is taxing internal valuation teams and redefining relationships between fund sponsors and valuation providers.

A 2Q Update on Middle Market Credit Spreads and Required Returns

Considering competitive market dynamics, market participants report a tightening in credit spreads since Q2 2020 and generally stable credit spreads in 2Q21.

Resource Guide to Navigating SEC Rule 2A-5

VRC’s Rule 2a-5 Resource Guide provides the details fund managers and fund boards need to come into compliance with the SEC’s new regulations to fair value portfolio securities.

SEC to SPACs: Blank-Check Path to IPO, Warrants, Disclosures Have Liability Risk

The SEC has been clear. They will continue to keep a close watch on SPAC filings and disclosures and their private targets.

How Fairness Opinions Help Private Equity Sponsors Head Off Family Feuds

Related-party transactions between PE funds and their portfolio companies are fraught with the potential to create issues between limited partners. Fairness opinions can forestall such conflicts.

Q1 2021 Economic Snapshots

High-level visual summaries of leading economic and financial indicators in major economic markets.

Why Get a Fairness Opinion?

Fairness opinions have a critical role in mergers, acquisitions, and other corporate transactions, yet sometimes public and private companies might overlook the importance.