Introduction  Purchase Price Allocation (“PPA”) has evolved from a compliance exercise to a strategic financial reporting decision. Recent SEC comment letter trends, paired with heightened IRS scrutiny of IRC Section 197 classifications, mean that methodology choices made at acquisition can influence financial outcomes years into the future. Understanding these implications helps companies avoid costly…

Introduction  At a recent industry conference, questions from fund managers and advisors highlighted both the growing interest in interval funds and the confusion surrounding their structure, liquidity mechanisms, and valuation requirements. These conversations underscored how rapidly interval funds have evolved from a niche investment structure into one of the fastest-growing…

Essential Insights for General Partners, January 2026  Insights informed by industry insights and market research.  Executive Summary  For general partners navigating continuation vehicle transactions, robust governancy is no longer best practice, it’s a regulatory and commercial imperative.   Continuation vehicles (CVs) have evolved from niche liquidity solutions into mainstream portfolio management tools with transaction volume growing 40% year-over-year in 2024.  In an environment…