The Crypto Fund Manager's Valuation Partner
Audit-defensible crypto valuations that satisfy auditors, LPs, and regulators.
At Houlihan Capital, we help crypto fund managers focus on what matters—investing. We handle the time-consuming challenge of valuation, delivering mark-to-model fair value reporting for illiquid equity and token-related investments, informed by our work across 60+ funds.
As one of the first valuation firms in crypto, we pioneered practical frameworks for digital assets long before industry standards emerged—giving us a proven edge in helping you navigate this complex space. As early pioneers in digital assets, we bridge traditional methodologies with crypto complexities.
Value. Added.
#1 Top Valuation Provider
Recognized by crypto fund managers¹
¹ Recognized in back-to-back annual independent surveys (2023 & 2024)
60+ Crypto Clients
From emerging $20MM funds to established $30B+ players over 13 years in the business
3000+ Opinions Delivered
to one of the world’s largest crypto fund managers since 2018
Service Offerings
- Pre-Seed to Late Stage Venture Valuations
- Locked Token Valuations
- SAFE and SAFT Valuations
- Purchase Price Allocation (ASC 805)
- Goodwill Impairment Testing
- Stock-based Compensation Valuations (409A)
- Carried Interest Valuations
- Transaction Opinions
- Business Valuations
- Valuations for Tax Purposes
Why Choose Houlihan Capital?
We Speak Your Auditor's Language
Houlihan Capital understands the nuanced expectations of auditors in the crypto fund space. We engage early and align with auditors upfront—ensuring a smoother, more efficient audit process and reducing back-and-forth for fund managers.
Institutional-Grade Credibility
Choosing Houlihan Capital signals to investors, LPs, and auditors that your fund is committed to strong governance and transparency—reinforcing your institutional positioning from day one.
Trusted Network Effect
As a known name among crypto-native VC funds, referrals from fund managers, auditors, and fund administrators continually reinforce our reputation in the space.
Questions Fund Managers Ask Us
- How do you ensure your valuations will satisfy our auditors?
- What documentation do you provide for LP reporting and audit defense?
- How do you handle regulatory changes affecting digital asset classification?
- What’s your methodology for illiquid or locked token positions?
- How do you value early-stage positions with limited information?
- How quickly can you deliver opinions to meet reporting deadlines?
Industry Intelligence
Access Our Crypto Market Quarterly Reports
Stay informed on digital asset market trends, valuation drivers, and regulatory developments affecting crypto funds.
Ready for the Next Steps?
Book a call with us to:
- Schedule a portfolio valuation consultation
- Discuss your specific audit pain points
Joe Brennan, CPA | Director
Direct: 312.450.8629
Email: jbrennan@houlihancapital.com
