Our Expertise in Portfolio Valuation

Alternative asset managers, such as private equity firms, often use investor capital to purchase assets with a view toward generating favorable returns typically in a pre-defined target period of ownership.  A greater emphasis on corporate governance along with certain regulatory changes have resulted in alternative asset managers increasingly seeking independent valuation advice.

Oftentimes, sponsors make equity investments but our experience in valuing illiquid assets includes a multitude of investment types including, but not necessarily limited to, the following:

  • Common and preferred stock
  • Warrants & options
  • Senior debt
  • Subordinated debt
  • Convertible debt
  • Other derivatives (e.g., interest rate swaps)

Our clients impart best practices by providing improved reporting to stakeholders by seeking independent fair value measurements for so called Level 3 assets; that is, which are very difficult to value due to a lack of observable inputs.

Independent valuation estimates add objectivity to the investment reporting of illiquid assets, thus enhancing the confidence of all parties involved.  They also help assure compliance with mark-to-market accounting standards including ASC Topic 820 – Fair Value Measurements and Disclosures.  Our clients impart best practices by providing improved reporting to stakeholders by seeking independent fair value measurements for so called Level 3 assets; that is, assets for which there is no active market and very difficult to value due to a lack of observable inputs.

In addition to independent opinions of value, another service we provide is the review of sponsor or management determinations of value.  This streamlined service includes a series of procedures utilized to confirm the reasonableness of the fair value determination.  We conduct a financial analysis of the subject asset, review the capital market evidence (e.g., guideline companies, transactions, rate of return data), evaluate and analyze the methods used, and review for consistency of application and best practices.

As a leading, independent valuation firm, MPI assists clients by providing detailed, transparent, and credible valuations. Our independent valuation advice, whether it be direct valuations of illiquid assets or reviews of valuations, valuation policies, and procedures, provides comfort to our clients and their stakeholders with regard to fair value assessment.  Please contact us if we may be of assistance.

Our Office Locations

Get in Touch with our Boston Team:

77 Franklin Street, Suite 403
Boston, MA 02110
(617) 892-6078

Contact: Elliot Rotstein, CAP®

Get in Touch with our Chicago Team:

203 North LaSalle Street, Suite 2100
Chicago, IL 60601
(312) 214-2299

Contact: Tadd A. Lindsay

Get in Touch with our MPI Headquarters:

1000 Lenox Drive
Lawrenceville, NJ 08648
(609) 924-4200

Contact: Mark E. Lingerfield, ASA
Joseph C. Hassan, CFA, ASA

Get in Touch with our New York Team:

10 Grand Central (155 E. 44th Street), Suite 1905
New York , New York 10017
(212) 935-4422

Contact: Daniel M. Kerrigan, CFA
Todd G. Povlich, ASA
John L. Varga, ASA

Get in Touch with our Orlando Team:

5401 S. Kirkman Road, Suite 310
Orlando, Florida 32819
(407) 599-0060

Contact: Roy Meyers, CFA, ASA

Get in Touch with our Philadelphia Team:

Two Logan Square, 100 N. 18th Street, Suite 300
Philadelphia, Pennsylvania 19103
(267) 233-5033

Contact: Mark Lingerfield, ASA
Tracey M. Jasey

Get in Touch with our Connecticut Team:

1720 Post Road East, Suite 214C
Westport, CT 06880
203-893-4244

Contact: William Murray, CPA/ABV/CFF, ASA

Publications

view all publications

By Laura E. Anastasio, ASA, CEIV

Valuation of Intangible Assets

By Todd Povlich, ASA

Estate Planning for Private Fund Principals**COVID-19 Crisis Considerations**

By Koji Bratcher, ASA & Joseph C. Hassan, CFA, ASA

Corporate Planning: Navigating “Value” in Times of Choppy Market Activity

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