Unlocking the QSBS Advantage: 2026 Update to Section 1202 Planning Guide
Recent legislative changes have significantly expanded the economic impact of Qualified Small Business Stock (QSBS) for stock issued on or after July 4, 2025. While Section 1202 has existed for decades, the post‑2025 regime introduces greater flexibility, higher exclusion limits, and broader issuer eligibility, while materially increasing complexity, documentation requirements, and audit risk. What Changed: The […]
Best Practices for Year-End Audit Preparation for your Investment Fund
Authored by Monica Blocker, Director, Houlihan Capital & Herbert M. Chain, CPA, Director, CBIZ Advisors As the year-end audit season approaches, proactive planning for the annual financial statement audit is essential. The audit process can be complex and demanding, but with careful preparation, your investment firm can not only meet reporting deadlines, but also make the process less “painless”. Below are practical insights and strategies to help you lay the groundwork for an effective and efficient audit. Build […]
Audit Season FAQs for VC Funds
Audit season can be one of the most challenging times of year for venture capital funds like yours, especially when you’re navigating fair value reporting for illiquid Level 3 investments. Questions around valuation timing, documentation, and ownership often surface late in the process, putting added pressure on your finance team when timelines are already tight. To help […]
Q4 2025 Quarterly Industry Reports Are Now Available
Q4 2025 delivered a set of market signals that are already shaping 2026 decision-making. Across sectors, we saw valuation sensitivity increase, capital move toward “quality-first” operators, and strategic buyers sharpen their criteria in real time. If you’re managing portfolio performance, planning an exit, or advising clients through strategic decisions, Q4’s data is not just interesting. It’s actionable. Houlihan Capital’s […]
Interval Funds: Understanding Their Structure and the Drivers of Rapid Growth
Introduction At a recent industry conference, questions from fund managers and advisors highlighted both the growing interest in interval funds and the confusion surrounding their structure, liquidity mechanisms, and valuation requirements. These conversations underscored how rapidly interval funds have evolved from a niche investment structure into one of the fastest-growing segments of the retail alternatives […]