PE Q&A: VRC Talks Trends in Valuation and What to Expect in 2016

VRC professionals contribute to Pitchbook’s 2016 Crystal Ball Report.

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.

Valuing Carried Interests

The asymmetric nature of carried interests requires the consideration of a range of scenarios.

Portfolio Valuations

John Czapla, discusses the valuation of Level 3, or “hard-to-value” securities.

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.

Brands: Food & Beverage

A leading manufacturer of branded food products engaged VRC to estimate the fair value of certain intangible assets acquired in a business combination.

Understanding the Valuation of Profits Interests in Private Equity Transactions

To value profits interests, the economics of the equity capital must be clearly incorporated into the valuation.

Fair Value Pricing: How Directors Can Avoid Material Risks

Valuation specialists must be prepared to defend the choice of valuation methodology, assumptions and judgments to those who depend on valuations.

Finding the Value of BDCs

The board of directors of a BDC has the ultimate responsibility to ensure the fund’s portfolio represents fair value.

Valuation Critical Issue for Private Equity as SEC Scrutiny Increases

Under the Dodd-Frank Act, advisers to most private equity firms must register with the Securities and Exchange Commission (SEC).