When You are Retained by Counsel for the Out-Spouse Valuing private equity and hedge fund general partner interests is a complex matter. Valuing them in a divorce proceeding can be an even more complex matter. The focus of this article is to share the challenges valuators may face when engaged to value general partner interest in private equity and hedge fund businesses in divorce matters when NOT engaged by the business owner’s legal counsel. Valuing private equity and hedge fund general partner interests is a complex matter. Valuing them in a divorce proceeding can be an even more complex matter.…
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The Art and Science Most businesses have special characteristics that affect its value. Some are endemic to the industry and some relate to the personal nature of those managing the business. Wealth management businesses have both characteristics. Here are some considerations that go into determining the valuation. Most businesses have special characteristics that affect its value. Some are endemic to the industry and some relate to the personal nature of those managing the business. Wealth management businesses have both characteristics. Here are some considerations that go into determining the valuation. Defining a Wealth Management Business Wealth management businesses manage investible…
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After a steady build-up since the end of the credit crisis, 2016 is going to be marked as the year when the venture capital industry lost momentum, although not for a lack of investors. Money has continued to pour in as riskier VC investments are still expected to outperform listed alternatives. Madeleine Harrigan, senior financial analyst with Mercer Capital, explains what is happening. To read the full article in Mercer Capital’s Financial Reporting Blog, click: Non-Traditional Venture Investors are Changing the Rules of the Game. This article is republished from Mercer Capital’s Financial Reporting Blog. It is reprinted with permission. …
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Issues in Hedge Fund Valuations The proliferation of hedge funds presents an opportunity for valuation analysts. In this article, the author provides an overview of the hedge fund industry, compares the manner in which hedge funds operate vis-à-vis private equity and venture capital, and outlines the opportunities and challenges for valuation analysts interested in serving this market sector.