Robert Cheloc
Robert Cheloc is part of the portfolio valuation group, specializing in business enterprise and securities valuation for private equity funds, private credit funds, interval funds,…
Private Credit’s Legal and Regulatory Framework
Private credit markets are shaped as much by law as by capital, making regulatory strategy a competitive advantage for managers operating across the U.S. and Europe.
The Growing Importance of Valuations
Valuation practices for private credit assets have evolved from informal, manager-driven processes into structured programs shaped by accounting standards, governance expectations, and regulatory oversight.
Private Markets Trends: Q2 2026 Private Credit & Equity Update
Private markets are stabilizing in 2026, but outcomes are increasingly driven by selectivity, credit quality, and sector-specific dynamics.
Damien Halpern
Damien Halpern is a part of the portfolio valuation group and specializes in the valuations of complex and structured investments, including privately-held debt, asset backed…
David Shadlock
Mr. Shadlock specializes in valuation of private credit and private equity securities. He has significant experience with BDC portfolio valuation, quantification of damages, and complex…
The Evolution of Private Credit Markets in the U.S. and Europe
Private credit’s growth in the U.S. and Europe was shaped by different regulatory paths that continue to define governance, valuation, and cross‑border fund operations.
Daniel Turi
Daniel Turi is a part of the portfolio valuation group specializing in valuations of privately held debt and equity securities, and business enterprises for tax…
Sarit Rapport
Sarit Rapport is part of the portfolio valuation group. She has over 20 years of valuation experience performing business valuations, valuations of complex securities, valuations…
Lucy Lee
Ms. Lee specializes in business enterprise valuations, purchase price allocations, goodwill impairment testing, and securities valuations for financial and reporting and tax purposes. Ms. Lee…
Charles Paraboschi
Mr. Paraboschi is a part of the portfolio valuation group specializing in valuations of complex and structured investments, including CLO securities, leveraged lending funds, middle…
Financial Sponsor: Hedge Fund
A hedge fund client held convertible note in a company that restructured outstanding debt. As part of restructure, the note was exchanged for two separate Term Loans.
Valuation Q&A for Business Development Companies
Once we understand a BDC’s investment thesis and portfolio, VRC focuses on the valuation process.
Financial Sponsor: Hedge Fund
A shareholder of a closely-held hedge fund was not receiving the appropriate level of compensation per agreement with the controlling interest shareholder.
The ABCs of BDCs: Private Debt and SEC Concerns
Business development companies, or BDCs, represent a growing class of relatively large, closed-end, SEC-registered funds.