2025 IPEV Valuation Guidelines: Key Principles and Practical Implications for Fund Managers
Management Company Valuations in Trust and Estate Planning: A Strategic Overview
Investment management firms present a distinctive set of valuation challenges in the context of estate and gift planning. The same characteristics that make these businesses valuable also make them analytically complex to value and, in some cases, difficult to defend under IRS scrutiny. When ownership interests are incorporated into estate or gifting strategies, a well-supported […]
Valuing Private Assets in Retail Funds: Insights from the SEC’s Private Markets Roundtable
Key Takeaways for Fund Managers and Boards On March 4, 2026, the Securities and Exchange Commission hosted a roundtable examining the growing intersection between private markets and retail investors, with particular focus on valuation practices and governance under Rule 2a-5 of the Investment Company Act. As private market strategies increasingly migrate into registered vehicles such […]
Understanding Business Valuations for Trust and Estate Purposes
Closely held business interests frequently represent the most significant and complex asset within a high-net-worth estate. Unlike publicly traded securities, their value is not readily observable — and for estate planning, gifting strategies, and generational wealth transfers, an accurate, well-documented valuation is often central to the entire planning process. For estate planning attorneys, tax advisors, family office professionals, and […]
Strategic Considerations for Solvency Opinions: in Leveraged Transactions
Introduction In leveraged transactions and dividend recapitalizations, the focus is often on valuation, deal structure, and financing terms. Yet one of the most consequential questions frequently receives less attention during the excitement of execution: Will the company remain solvent after the transaction closes? In today’s environment of elevated leverage levels, volatile markets, and increasingly sophisticated creditor litigation, […]