312.450.8600

Complex & Illiquid Security Valuations

Portfolio Valuation &
Fund Advisory Services

Complex & Illiquid Security
Valuations

Fund Valuation Policies & Procedures

AIFMD

Investment Management Advisory

Complex & Illiquid Security Valuations


The increased focus on independence along with ongoing changes to regulatory standards are requiring a wide range of alternative investment managers such as private equity funds, hedge funds, ’40 act funds, business development companies and small business investment companies to seek objective valuation advice. Independent valuations or positive assurance of internally prepared valuations provides comfort to investors, fund administrators and auditors regarding the fund’s valuation assessment.

Houlihan Capital provides clients with independent valuations of assets ranging from single investments to multi-class portfolios. With a history of working closely with regulators, auditors, third-party administrators, investors, and some of the world’s largest private investment funds, our team brings extensive, unparalleled industry-specific experience. We help ensure compliance with applicable accounting standards (including ASC 820), and prepare and review a fund’s valuation policies, procedures, and results. Houlihan Capital values a broad range of assets and complex securities, including:

  • Illiquid Debt
  • Common and Preferred Equity
  • Warrants and Options
  • Derivatives
  • Auction Rate Securities
  • Convertible Securities
  • PIPE’s
  • Mortgage-Backed Securities
  • Structured Products
  • Equity and Credit Swaps
  • LP Interests

Types of Fund Clients Include:

  • Private Equity
  • Hedge Funds
  • Closed End Funds
  • Mutual Funds
  • ’40 Act Funds
  • Exchange Traded Funds
  • Fund of Funds
  • Direct Lending Funds
  • Business Development Companies
  • SBICs
Back to Top