Retailization of Illiquid Assets: Designing an Optimal Valuation Framework

The surge in private assets has piqued the interest of retail investors seeking exposure to illiquid assets, with interval funds providing a potential avenue for such investment. However, accurately valuing illiquid private assets regularly poses a significant challenge due to their reliance on models and unobservable inputs. Daily valuations are particularly intricate, especially for funds invested in limited partnerships with limited information on underlying holdings, compounded by the diverse range of investment types and assets involved. Houlihan Lokey works with its clients to navigate these complexities while helping maintain high standards of transparency and accuracy. Please download our white paper to learn more about the valuation of this asset class.