Dividend Recaps: The Critical Role of Solvency Opinions
Since March 2022, when the Federal Reserve initiated rate hikes in response to inflation, borrowing costs have generally increased. However, interest rates have begun receding in recent months fueling a wave of refinancing and repricing activities, including dividend recapitalizations (“Dividend Recaps”), a transaction wherein a company borrows money to pay a special dividend to shareholders.(1) […]
The Rise of Continuation Funds – Navigating New Liquidity Solutions in Private Equity
In the dynamic world of private equity, continuation funds have become a crucial tool for tackling liquidity issues and enhancing value creation. With traditional exit strategies like IPOs and M&A transactions encountering more hurdles, private equity firms are increasingly relying on continuation funds to prolong the lifespan of their investments, offer liquidity to limited partners […]
Navigating the TCJA: A Guide for Business Owners and Advisors
In 2017, the Trump Administration and 115th Congress passed The Tax Cuts and Jobs Act of 2017 (“the TCJA” or “the Act”)(1) into law. Motivated by multiple key objectives including providing tax relief to middle-income families, simplifying the personal income tax code, repatriation of overseas earnings for U.S. corporations, and general economic growth, the TCJA […]
Houlihan Capital is a Sponsor of CoinAlts 2024 Fund Symposium
Houlihan Capital, a leading expert in crypto fund valuations, proudly announces its sponsorship of this year’s CoinAlts 2024 Fund Symposium. Join us as we contribute to the dialogue and knowledge exchange within the digital asset community. The event will take place on October 16, 2024 in San Francisco, California. CoinAlts will host the latest in […]
SEC Discusses Valuation Focus in 2024 Exam Priorities
The SEC discusses valuation in the Division of Examinations’ 2024 Exam Priorities. The SEC’s Division of Examinations (the “DOE”) has announced its 2024 examination priorities. The annual report provides insights into the Division’s risk-based approach, including the areas it believes present potential risks to investors and the integrity of U.S. capital markets(1). Valuation was discussed […]