Venturing Into the Valuation of Venture Debt

Houlihan Lokey is pleased to share its insights on the valuation of venture debt. In recent years, private security valuation at the fund level has become increasingly important to private fund investors seeking transparency around the estimation of net asset value and fees, especially with the SEC's issuance of Rule 2a-5 of the Investment Company Act of 1940. This rule allows the board to designate the fund manager as the valuation designee, who in turn may engage third-party valuation advisors to perform fair value determinations, subject to ongoing board oversight and compliance with certain conditions.

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Contacts

Rittik Chakrabarti Managing Director, Co-Head of U.S. Portfolio Valuation and Fund Advisory Services
Ian Coffman Director
Michael Chiu Vice President