Once we understand the investment thesis and portfolio, VRC focuses on their valuation process.
Share-based payments have led to boardroom creativity around an equity incentive award’s design, prompting developments in valuation approaches.
Wealth management is human capital driven, which is measured through the financial operating results of the business.
At a time of generally low interest rates, convertible notes are alternatives to straight debt securities.
In receiving value only if a threshold is met, carried interests have an asymmetric payoff similar to a stock option.
How do you attach a price tag to something you can’t see or touch?
In 2014, the Panama Canal Authority embarked on a project to obtain a valuation for the locks, dams, power plants, and other structures of the Panama Canal for insurance purposes.
How do board members know they have received a strong fairness opinion? What factors should apply when assessing the opinion’s strength?
VRC professionals contribute to Pitchbook’s 2016 Crystal Ball Report.
After some key court decisions, the process for valuing S Corps has changed.