Industry Updates are Available for Q4 2019

Houlihan Capital provides Quarterly Updates on the following industries as of December 31, 2019. Information includes valuation metrics, performance data and M&A activity. Click on the following links below to access reports for the following industries: Aerospace, Defense & Government Asset Management Banking Building Products Business Development Companies Business Services…
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Tackling Tougher Valuation Standards for Private Equity Funds

In December 2019, The Wall Street Journal published an article outlining tougher valuation standards for Private Equity funds. The article titled, Tougher Valuation Standards Raise the Bar for Managers and Investors, discusses the following: The SEC views valuation as the responsibility of the fund; Heightened scrutiny has prompted more funds…
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Recent SEC Mispricing Cases: Best Practices in Valuation

SEC Actions - Fund Investment "Mispricing" and "Mismarking" Overview: The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) has named valuation practices as one of its areas of focus in both investment advisor and investment company examinations. Best practices and procedures that can help meet greater SEC regulation and scrutiny…
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Understanding Valuations of Unicorns in 2019

When venture capitalist Aileen Lee coined the term “unicorn” in the fall of 2013 to describe a VC-backed company valued at $1 billion or more, it was a fitting description of an exceptionally rare phenomenon, with around 40 companies in the world holding such title. While unicorn status is still…
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