David Larsen, Managing Director in Duff & Phelps’ Alternative Asset Advisory practice, was recently quoted in a Private Funds CFO article titled, “Veterans of Q1 peer through fog to Q2.” The article discusses the challenges firms faced in valuing their portfolio investments in Q1 2020 and the uncertainty for Q2 2020.

David commented: “Many funds had to take a hard look at their portfolio multiple times throughout March to culminate with a fair value conclusion at the end of the quarter; general partners can’t afford to stay passive. Wait-and-see is not compliant with generally accepted accounting principles (GAAP). GAAP says you need to estimate fair value each time you report to your investors.”

The article also quoted poll results from our recent webinar, Coronavirus Update – Impact on Valuing Private Investments at June 30, 2020.

Read the full story here.

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