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Houlihan Capital

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Analysis and Perspectives on Valuation, Transaction Advisory, and Financial Topics

Fair Value in Times of COVID-19

The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) defines fair value, or Topic ASC 820, as the “amount that would be received in

Understanding Personal Goodwill Valuations

The Internal Revenue Service defines goodwill as “the value of a trade or business based on expected continued customer patronage due to its name, reputation,

Securities and Exchange Commission Charges Florida Investment Adviser with Fraud (May 2020)

TCA Fund Management Group Corp. (“TCA”) and TCA Global Credit Fund GP, Ltd. (“GP” or “Fund”, and with TCA, “Defendants”), a Florida based registered investment

Industry Updates are Available for Q1 2020

Houlihan Capital provides Quarterly Updates on the following industries as of March 31, 2020. Information includes valuation metrics, performance data and M&A activity. Click on

SEC’s New Framework Proposal for Fund Valuation Practices

The Securities and Exchange Commission (SEC) has proposed a new rule to modernize fund valuation practices. The rule clarifies how fund boards can satisfy their

SEC Grants No-Action Relief For The Sale of Debt Securities to Affiliates

On March 26, 2020, the SEC granted no-action relief to help open-end registered investment companies enhance liquidity and fund shareholder redemptions in light of significant

Valuation Fund Transfers — COVID-19 Considerations

Coming Soon: Increased Fund Restructuring in 2020 COVID-19 will significantly accelerate the restructuring of private funds through asset transfers from existing funds to related-party funds

The Cayman Islands Private Funds Law 2020

On January 8, 2020, the Cayman Islands Government published the Private Funds Law, 2020 (the “Law”).1 The Law was approved by the Cayman Islands Government

Industry Updates are Available for Q4 2019

Houlihan Capital provides Quarterly Updates on the following industries as of December 31, 2019. Information includes valuation metrics, performance data and M&A activity. Click on