Liquidation Preference: Evaluating Capital Stack Considerations in Fund Valuations
Valuing investments in private companies requires a robust understanding of the capital stack and the associated impact of liquidation preferences, conversion rights, and exit probabilities. A recurring debate in fund valuations concerns whether to apply the Option Pricing Model (OPM) or assume a Common Stock Equivalent (CSE) based on fully diluted shares when allocating company […]
Continuation Funds and the Future of Private Equity Exits
In 2024, there were 96 reported continuation fund deals, representing a 12.9% increase from 2023 and a remarkable 14% of all private equity exits. At Houlihan Capital, we know that continuation funds remain a popular option into 2025, as many of our general partner clients look to circumnavigate challenges associated with traditional exits, retain high-performing […]
Houlihan Capital’s Venture Capital Q4 2024 Update
As a leading and trusted service provider of Venture Capital (“VC”) Fund Valuations, we are pleased to share with you our FREE VC Industry Report for Q4 2024. This industry report provides: Quarterly Statistics Market Overview Regional Analysis Sector Analysis To access the report, please click the button below: If you would like to subscribe to […]
Houlihan Capital’s Crypto Market & VC Industry Report Q4 2024
As a leading and trusted valuation provider to the Cryptoasset & Blockchain industry, we are pleased to share our Crypto Market & VC Industry Report – Q4 2024 Update. This report provides the following for Q4 2024: Stats at a Glance Crypto Market Timeline Crypto VC Trends Venture Capital (All Sectors) Trends VC Deal Activity […]
SPAC Report Q4 2024 Update
As a leading and trusted service provider of SPAC Fairness Opinions, we are pleased to share with you our SPAC Report for Q4 2024. This industry report provides: Quarterly Statistics De-SPAC Performance – Closed Business Combinations Cash for Close Trends – Redemptions, PIPEs Competition for De-SPAC – Searching Capital IPO Trends To access the report, […]