Q3 2020 Economic Snapshots

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

Paul Balynsky Shares Views on Unicorn Valuations in COVID with AICPA Professional Insights

How are privately held unicorns’ valuations faring in the age of COVID?

COVID & U.S. Portfolio Securities Valuation: An update on credit spreads and required returns

In Q3 2020, secondary equity and credit markets rebounded, primary equity and levered finance markets reopened, and the price of risk declined.

Jeffrey DeLorenzo

Mr. DeLorenzo is part of the portfolio valuation group specializing in valuations of privately-hold debt securities, equity securities, other structured securities, and business enterprises for…

Private Equity & Debt Capital Markets Adjust to the New Normal

As we head into Q4 2020, the new normal in private capital markets has fully set in, generally defined by prudence and caution, albeit a work in progress.

COVID Impact on Non-Control Equity Holdings

Both public and private companies carrying minority equity stakes at cost under FASB ASC 321 may need to fair value them due to COVID-19.

BDC Roundtable Participants Lean Heavily on VRC’s Czapla for Guidance on Navigating COVID Fallout

Business Development Company market participants are focused keenly on valuation in the wake of the novel coronavirus and the impact on their underlying portfolio investments.

Private Credit Market Update

Private asset valuations snapped back in Q2 as the economy began to reopen, and private capital investors took concrete steps to shore up portfolio companies.

Monte Carlo Simulations and Golf’s 2020 FedEx Cup

Just for fun, guest author, Dwight Grant, illustrates the use of probability simulation versus the “what if” scenarios of golf’s upcoming FedEx Cup.

VRC’s John Czapla to Present at Eversheds Sutherland’s BDC Roundtable

The BDC Roundtable will bring together BDC executives, asset managers, and fund sponsors, either managing existing or exploring new BDC structures, accounting executives, legal experts, bankers, and various other industry participants serving the BDC community.