VRC professionals contribute to Pitchbook’s 2016 Crystal Ball Report.
A shareholder of a closely-held hedge fund was not receiving the appropriate level of compensation per agreement with the controlling interest shareholder.
The asymmetric nature of carried interests requires the consideration of a range of scenarios.
John Czapla, discusses the valuation of Level 3, or “hard-to-value” securities.
Business development companies, or BDCs, represent a growing class of relatively large, closed-end, SEC-registered funds.
A leading manufacturer of branded food products engaged VRC to estimate the fair value of certain intangible assets acquired in a business combination.
To value profits interests, the economics of the equity capital must be clearly incorporated into the valuation.
Valuation specialists must be prepared to defend the choice of valuation methodology, assumptions and judgments to those who depend on valuations.
The board of directors of a BDC has the ultimate responsibility to ensure the fund’s portfolio represents fair value.
Under the Dodd-Frank Act, advisers to most private equity firms must register with the Securities and Exchange Commission (SEC).