Fair Value Challenges in the Private Equity Industry (2009 Update)

 

December 2009

 

Fair value is one of the hottest topics facing the alternative investments sector today and particularly private equity. The ever-increasing investor, regulatory and accounting pressure for companies to focus more attention on valuation has coincided with the 'credit crunch' and the most difficult economic conditions in years.

 

In response to the release of the Updated Private Equity Valuation Guidelines by the International Private Equity and Venture Capital Valuation Board earlier this year, PwC has produced a practical paper and general observations relevant for upcoming 2009 year-ends including views on the treatment of debt, which is attracting particular interest at the moment.