Chairman Czapla Quoted in 9fin: BDC Earnings – Five things to watch
BDC earnings season is upon us giving a chance for investors to look under the hood of some of the top names in private credit.
Private Equity Market Trends in Q1 2023 and Outlook for the Second Half
VRC explores a look back on 1st quarter activity, the ongoing discussions surrounding valuation methodologies, considers historical performance, and provides an outlook for the 2nd half of the year.
Matthew McCloskey
Mr. McCloskey is part of the portfolio valuation group specializing in valuations of privately-held debt securities, equity securities, and business enterprises for tax and financial…
1Q 2023 Update: Middle Market Credit Spreads, Required Returns
Direct lenders and PE sponsors: while negatives remain, markets remain stable quarter-over-quarter.
Continuation Funds: Valuation and Fairness Opinion Considerations
A review of the continuation fund market and a growing consensus that fairness opinions are necessary best practice for the health of the market. Plus, the SEC may be requiring them soon.
The Venture Capital Cycle
Analyzing past market patterns can signal the issues private market and venture capital investors may anticipate in the cycles ahead.
Aaron Ping
Mr. Ping specializes in business enterprise valuations, equity interests and securities valuations for financial reporting and tax purposes. He also has experience working on solvency…
4Q 2022 Update: Middle Market Credit Spreads, Required Returns
In the fourth quarter of 2022, prices increased quarter-over-quarter considering an improved market tone, and resulting in tighter syndicated secondary credit spreads versus Q3 levels.
John Swiatkowski
Mr. Swiatkowski specializes in the valuation of illiquid securities across multiple industries, including privately-held equity securities, fixed income securities, and related products for clients across…
A Rule Change 50 Years in the Making is Still Raising Questions for Fund Directors
VRC and Eversheds Sutherland discuss questions fund boards are asking as they implement the new valuation rule.