Venture Capital
Portfolio Valuation and Fair Value Reporting for VC Funds Across Pre-Seed to Late-Stage Investments
Venture capital funds require independent valuation support that reflects the specific challenges of early-stage and growth equity investing, from limited information rights and complex capital structures to rapidly evolving market conditions. Houlihan Capital delivers mark-to-model fair value reporting informed by our work across 60+ crypto and digital asset funds and 300+ alternative investment fund clients globally.
As one of the first valuation firms active in crypto and digital assets, and a longstanding partner to traditional VC funds, we bring practical frameworks and deep sector knowledge to every engagement.
Clients Served
Valuation Opinions Delivered
Valuation Projects
What We Do
How We Support Venture Capital Funds
Portfolio Valuation / Fair Value
Recurring fair value reporting for VC fund portfolios, from pre-seed through late-stage equity and SAFEs, including positions with complex capital structures. Includes crypto and digital asset holdings, locked token valuations, and SAFE/SAFT valuations. Reporting is structured to support auditor review and LP communications.
Tax Compliance / Planning
Independent valuation of carried interest, including GP and management fees, for financial reporting, tax, and planning purposes.
Stock Compensation
Independent 409A valuations for portfolio companies issuing equity compensation, supporting IRC Section 409A compliance and equity plan administration.
Fairness Opinions
Independent fairness opinions for GP-led secondaries and other conflicted transactions, such as continuation vehicles and cross-fund asset transfers.
Why Houlihan Capital
The Venture Capital Fund's Valuation Partner
Houlihan Capital brings deep VC and digital asset expertise to every engagement, delivering thorough analyses structured to meet auditor expectations and support LP reporting across the full range of venture investment types.
Early-Stage Expertise
Houlihan Capital applies recognized valuation techniques to early-stage and growth equity positions, including option pricing models, scenario analyses, and calibration to recent financing rounds, adjusted for market-based factors and available company-specific information.
We Speak Your Auditor's Language
We engage early and align with auditors upfront, reducing back-and-forth and the risk of delayed audits. Our documentation is structured to meet the specific expectations of auditors in the VC space.
Institutional-Grade Credibility
Working with Houlihan Capital signals to LPs and auditors that your fund is committed to strong governance and transparency, with direct access to senior professionals throughout the engagement, reinforcing your institutional positioning from day one.
Strategic Insights
Guidance for Venture Capital Managers and Their Advisors
Need valuation support for your VC fund?
Speak with an advisor about your specific situation.