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.
The SEC recently announced, as a response to COVID-19, they will provide temporary exemptions to BDCs to issue and sell senior securities.
Though portfolios and deal pipelines weren’t completely inoculated against the downturn, several structural features of the mid-market lending space weathered the storm.
Private equity and private debt investors are acutely focused on new AICPA Guidance that recommends a “calibration” approach for valuing private securities.
Czapla to Accounting Today: “Don’t expect any drastic changes in the guide when it’s finally released.”
In response to a growing demand for client portfolio valuations in the areas of both private equity and credit, we are pleased to welcome six new, talented colleagues.
How did a roomful of credit managers learn to stop worrying and love the AICPA Private Securities Valuation Guide?