SEC Proposes Rule Modernizing Fund Valuation Guidance

The SEC has Proposed Rule 2-a5, which will update its fund valuation guidance for the first time in 50 years, establishing a board’s responsibilities as it pertains to a fund’s determination of their investments.

Q1 2020 Economic Snapshots

Quick-hit visual summaries of the leading economic and financial indicators in major economic markets.

SEC Requires Third-Party Fairness Opinion Certificate for BDCs

The SEC recently announced, as a response to COVID-19, they will provide temporary exemptions to BDCs to issue and sell senior securities.

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.

Valuation in Times of Uncertainty

Webcast Replay: What valuation impacts are companies feeling as a result of the market and economic disruptions created by the COVID-19 pandemic?

VRC’s Sarit Rapport Named President of NY Appraiser Society

Rapport, a member of VRC’s Portfolio Valuation Group and has served on the ASA’s board for several years, was elected president last fall.

Understanding Collateralized Loan Obligations

CLO vehicles are the lifeblood that helps keep the syndicated loan market humming.

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.