IPEV Board provides views on estimating fair value at 31 March 2020
The International Private Equity & Venture Capital Valuation Guidelines Board (“the IPEV Board”) has provided special guidance with respect to applying the IPEV Valuation Guidelines when estimating fair value at 31 March 2020.
The alternative asset industry is strong and robust. Yet this crisis is different from crises in 2001/2 and 2008/9. The current crisis has impacted more people, more businesses, more rapidly than any crisis in recent history. During this unique and critical time, alternative asset managers are focused on three primary areas of concern:
1. The wellbeing of their employees and the employees of their investee portfolio companies.
2. Helping their investee companies weather the economic storm being faced globally.
3. Providing their investors with timely, useful information as to the performance and financial condition of underlying investments.