The Division of Examinations Names Valuation as a Focus for Digital Asset Securities
On February 26, 2021, the SEC on behalf of the Division of Examinations (“Division”), formerly known as the Office of Compliance Inspections and Examinations (“OCIE”), released a Risk Alert(1) that provides observations to assist firms in developing and enhancing their compliance practices regarding the offer, sale, and trading of digital assets that are securities (“Digital […]
Industry Updates are Available for Q4 2020
Houlihan Capital provides Quarterly Updates on the following industries as of December 31, 2020. 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 Services Cannabis Chemicals Consumer Products Internet Retail Media and […]
Financial Services Update – Webinar
Andrew Smith, President at Houlihan Capital, recently joined RSM and Mainstream Group for a virtual discussion to share insights on today’s rapidly changing environment due to COVID-19. Topics Discussed: Data incomparability What is fair value Lag in financials (Consistency) Valuation, quarter to quarter (stale marks) Dry powder, looking for deals at record levels (Client/Prospect) For […]
The State of Valuations in Light of COVID-19 Webinar
Michael Norton, Director, and Andrew Smith, President, recently joined ACG Chicago for a virtual discussion on how the current environment is impacting valuations. For those who did not have a chance to join the webinar, a video recording link is provided below: For any questions regarding this webinar or valuation assistance, please contact:
SEC Adopts New Framework for Fund Valuation Practices
On December 3, 2020, the Securities and Exchange Commission (SEC) voted to adopt Rule 2a-5, a new rule to modernize fund valuation practices. The rule clarifies how fund boards can satisfy their valuation obligations, including an increase in the variety of asset classes held by funds and increase both the volume and type of data […]