Private Markets Valuation Overview

Course Overview

The current economic environment, geopolitical uncertainty and the more recent financial markets upheavals have sparked the debate across the investment industry regarding private asset valuations. This private markets valuation course explores the valuation process and details the steps of how to estimate the values of private assets, providing an overview of industry practices and guidelines.

We will focus on the three different valuation approaches, which include the market approach, the income approach and the replacement cost approach, which are standard market techniques as recommended by the International Private Equity and Venture Capital Valuation guidelines (IPEV).

Although this is not an in-depth technical overview of the private markets valuation process, the course provides participants with the key knowledge and information surrounding the valuation value chain.

Key Learning Objectives

• Understand the difference between valuing private vs. public markets
• Familiarise yourself with standard market valuation techniques and best practices
• Analyse the potential drivers of valuation premiums or discounts
• Outline the responsibilities of the triangular relationship between the investment manager, the fund valuation committees and third-party valuation providers
• Discuss the adoption of a Valuation Policy Document and what should be in it
• Considerations of private market valuations during volatile markets

Who Should Attend?

This course is delivered at an introductory level and will be useful to a wide range of staff working in all areas of the business, including new starters and staff transferring between functions, as well as staff in supporting roles. It will also be a useful refresher for those with more experience who will benefit from an opportunity to improve their understanding of the various private markets valuation techniques applied to more illiquid investments.

• Marketing/Sales/Distribution/Business Development Officers
• Investment Operations and Administration Officers
• Financial Reporting Officers
• Wealth Managers
• Risk Managers
• Legal Officers, Auditors and Compliance Officers