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"A common misconception is that FASB ASC 820 changed the rules identifying which assets or liabilities should be recorded at fair value."
David L. Larsen , Duff & Phelps LLC

Click here to download the official brochure

The era of cost is over. Fair value or mark to market is the order of the day, but misconceptions and misunderstandings as to what it is and how to determine the value of assets abound. The Definitive Guide to Private Equity Valuation is an in-depth guide to understanding, applying and reporting fair value. Primarily written by valuation experts Duff & Phelps, this guide provides investors and fund managers with valuable tools and practical guides which shed light on a variety of subjects including valuation nuances and best practices in valuation.

To help illustrate these subjects, the book contains examples of a number of different valuation scenarios, and provides a range of case studies.


Main features:

- Exclusive material on fair value valuation guidance written by financial advisory and valuation firm Duff & Phelps

- An introduction to fair value - why it exists and what function it serves, regulatory frameworks, historical timeline, other uses, and a prognosis for the future

- A decision tree to guide fair valuation decision-making

- Valuation nuances of the most common scenarios and accompanying case studies

- An A-Z guide of over 70 of the most common applications, from absolute return to waterfall analysis

- Best practices on working with auditors, documentation, using third-party valuation experts and internal policies and procedures

- Secondary market and LP perspectives

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  "In the future, the best managers will be able to report within 10 days of quarter end and 20 to 30 days after year end. GPs who are able to improve the timelines of their reporting will be in a better position to pass the due diligence requirements that LPs will invoke."
David L. Larsen and Warren Hirschhorn, Duff & Phelps LLC

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This title is essential reading for:

- Fund Managers

- Investors

- Investment Advisers

- Lawyers

- Consultants

- Placement Agents

- Bankers

- Asset Managers