Portfolio Valuation / Fair Value
ASC 820-Compliant Fair Value Reporting for Alternative Investment Funds
Houlihan Capital helps alternative investment fund managers focus on what matters: investing. We handle the time-consuming challenge of valuation, delivering mark-to-model fair value reporting for illiquid equity and alternative investments, informed by our work across 300+ funds.
As one of the first valuation firms active in crypto and a longstanding partner to the alternative investment community, we’ve developed practical frameworks for complex alternative assets that align with evolving industry standards.
Of Valuation Experience
Clients Served
Valuation Opinions Delivered
Valuation Projects
What We Do
Portfolio Valuation Services
Portfolio Valuation (ASC 820 / IFRS 13)
Recurring fair value reporting for alternative investment portfolios, including NAV support and quarterly mark-to-model analyses aligned with fund reporting cycles.
Complex & Illiquid Securities (Level 3)
Specialist valuation of Level 3 assets including complex equity structures, illiquid debt, convertible securities, hybrid instruments, warrants, options, derivatives, and structured products.
Cryptoasset / Blockchain Valuations
Fair value reporting for cryptoasset portfolios, including locked token valuations, SAFE and SAFT valuations, and pre-seed to late-stage venture positions in crypto-native companies.
Carried Interest Valuations
Independent valuations of carried interest positions for financial reporting, tax, and planning purposes.
Fund Valuation Policies & Procedures
Development and review of ASC 820-compliant valuation policies and procedures, providing clear guidance that meets regulatory best practices.
Our Experience
Proven Across Complex Transactions
Representative Engagements
3,000+ Opinions Delivered to One of the World’s Largest Crypto Fund Managers
Since 2018, Houlihan Capital has provided ongoing portfolio valuation services to one of the world’s largest crypto fund managers — delivering over 3,000 opinions across a portfolio spanning pre-seed to late-stage venture positions, locked tokens, SAFEs, and structured digital assets.
Houlihan Capital has also been recognized as the #1 Top Valuation Provider by crypto fund managers in back-to-back independent surveys (2023, 2024 and 2025).
Why Houlihan Capital
The Fund Manager’s Valuation Partner
Houlihan Capital understands the nuanced expectations of auditors, LPs, and regulators in the alternative investment fund space. We engage early, align with auditors upfront, and deliver analyses structured to support your reporting cycle.
We Speak Your Auditor’s Language
We understand the nuanced expectations of auditors in the alternative investment fund space. We engage early and align with auditors upfront, ensuring a smoother, more efficient audit process and reducing back-and-forth for fund managers.
Institutional-Grade Credibility
Choosing Houlihan Capital signals to investors, LPs, and auditors that your fund is committed to strong governance and transparency — reinforcing your institutional positioning from day one.
Responsiveness
We move quickly and keep you informed at every step of our engagement. Clients count on our proactive communication, senior-level accessibility, and ability to anticipate what’s needed next.
Common Questions
Questions Fund Managers Ask Us
Strategic Insights
Guidance for Fund Managers, Auditors, and Their Advisors
Need portfolio valuation support?
Speak with an advisor about your specific situation.