Fund Services - Valuation

Capstone’s valuation professionals have performed valuations for numerous fund clients and bring real-world transaction experience to bear in providing market supported opinions of value. Over the past decade our professionals have performed hundreds of valuations of individual fund assets, portfolios, and GP interests.

Valuation Services

 
A Credible, Independent Valuation.  Increasingly, funds and other investors require greater transparency of investment marks. Hiring an independent valuation firm provides enhanced credibility, reassures investors, and fulfills fiduciary obligations.

Portfolio Valuation. Valuation of portfolio companies and other illiquid securities are rigorously examined by investors, administrators, auditors, boards of directors, corporate advisors, and regulatory agencies, including the IRS and SEC. We help eliminate the controversy that often exists in these matters, and inject the credibility and confidence that are paramount to avoiding the disruptions of fund valuation disputes.

Positive Assurance Valuations. Capstone can provide ‘positive assurance’ fund valuations for the valuation of illiquid equities, secured and unsecured debt instruments and trade claims in compliance with established valuation standards.  We also perform reviews of the internal valuation methodologies and underlying calculations for individual investments or entire portfolios.

Fund Valuation. We have extensive experience valuing hedge funds, venture capital, and private equity funds and their illiquid assets for their general partners, fund managers, investors and potential investors, accountants, and tax advisors.

Valuations of Limited Partner and General Partner Interests. We provide valuations of General Partnership interests (fund managers) and Limited Partnership interests for estate and gift tax planning, marital dissolutions, entry and exit of partners, and other transactions.
  
 

Typical Fund Valuation Services

  • Hedge Fund and Private Equity fund valuations
    • Rev. Rul. 59-60 Fair Market Value
    • ASC 820 Fair Value 
  • ‘Positive assurance’ fund valuation opinions
  • Investment company and portfolio valuations
  • Purchase price allocations
  • Valuation dispute and expert witness services
  • Recurring portfolio valuations of illiquid assets
    • Illiquid equity investments
    • Trade claims 
    • Distressed debt
  • M & A and business valuations
    • Fairness and solvency opinions
  • Valuation of GP and LP interests
    • For estate planning



             

                 Fund Management and Fiduciary                          Restructuring and Transaction Advisory                           Dispute Resolution