Valuations

It is clear that 2023 is going to be a challenging year for private fund professionals. Vendigital’s Tom Acfield and Julie Neal take a look at what private fund managers can do to improve valuations outcomes.

In this fourth episode of our miniseries Private Markets and the End of Cheap Money, we look at how private equity firms are dealing with currency risk and how deals are being affected by interest rates rising at different paces in various global regions.

IPEV’s expanded guidelines aim to help sponsors with dislocation and distress.

In this second episode of our miniseries Private Markets and the End of Cheap Money, we talk to LPs about allocation shifts, impacts on fundraising and what investors are looking for out of their GPs as rates rise.

In this first episode of our miniseries, Private Markets and the End of Cheap Money, we talk to dealmakers from Corsair, OEP, Vestar and more to hear how sponsors are coping with the higher price of 'L' in LBOs.

Discount levels as high as 30% are unlikely to entice any but the most desperate sellers to approach the secondaries market for liquidity relief.

'There are enough yellow and orange flags, if not red flags, that show valuations may not reflect what an orderly market transaction should reflect.'

Many advisers hold Monday morning monitoring meetings, where they discuss the state of financials. “That’s the information they should be using for valuation.”

Winding up legacy funds and side pocket investment vehicles can improve performance and free up investment capital, outweighing the cost of fairness opinions, writes VRC valuations expert Chad Rucker.

Getting a second opinion on certain fairness opinions during energy M&A transactions can go a long way to ensuring that the best interest of the company and its stakeholders are met, writes James Hanson of Opportune Partners.