Tackling Tougher Valuation Standards for Private Equity Funds
In December 2019, The Wall Street Journal published an article outlining tougher valuation standards for Private Equity funds. The article titled, Tougher Valuation Standards Raise the Bar for Managers and Investors, discusses the following: The SEC views valuation as the responsibility of the fund; Heightened scrutiny has prompted more funds to hire third-party valuation providers; […]
Recent SEC Mispricing Cases: Best Practices in Valuation
SEC Actions – Fund Investment "Mispricing" and "Mismarking" Overview: The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) has named valuation practices as one of its areas of focus in both investment advisor and investment company examinations. Best practices and procedures that can help meet greater SEC regulation and scrutiny include: Adoption of written/documented valuation […]
Understanding Valuations of Unicorns in 2019
When venture capitalist Aileen Lee coined the term “unicorn” in the fall of 2013 to describe a VC-backed company valued at $1 billion or more, it was a fitting description of an exceptionally rare phenomenon, with around 40 companies in the world holding such title. While unicorn status is still rare, the tech market boom […]
Industry Updates are Available for Q3 2019
Houlihan Capital provides Quarterly Updates on the following industries as of September 30, 2019. Information includes valuation metrics, performance data and M&A Activity. Click on the following links below to access reports for the following industries: Aerospace, Defense & Government Asset Management Banking Building Products Business Development Companies Business Services Cannabis Consumer Products Containers, Packaging […]
Webinar – Fair Value: Best Practices and Implementation
Last week, Houlihan Capital partnered with Richey May & Co. to host a webinar on Fair Value: Best Practices and Implementation. Paul Clark, Managing Director at Houlihan Capital, and Christine Attard, Director of Alternative Investments at Richey May & Co., discussed the following topics: Inputs and the Fair Value Hierarchy Primary Valuation Methodologies Valuation from […]