23
Apr
14
Apr
Valuing Carried Interest for Trust and Estate Planning: A Strategic Overview
Few assets present as many valuation challenges in the context of estate and gift planning as carried interest. The value of carried interest is contingent on future fund performance, is governed by complex waterfall mechanics, and is usually very illiquid. These characteristics make it both difficult to value and, in some cases,…
02
Apr
Management Company Valuations in Trust and Estate Planning: A Strategic Overview
Investment management firms present a distinctive set of valuation challenges in the context of estate and gift planning. The same characteristics that make these businesses valuable also make them analytically complex to value and, in some cases, difficult to defend under IRS scrutiny. When ownership interests are incorporated into estate…
24
Mar
Valuing Private Assets in Retail Funds: Insights from the SEC’s Private Markets Roundtable
Key Takeaways for Fund Managers and Boards On March 4, 2026, the Securities and Exchange Commission hosted a roundtable examining the growing intersection between private markets and retail investors, with particular focus on valuation practices and governance under Rule 2a-5 of the Investment Company Act. As private market strategies increasingly…