Portfolio Valuation

Portfolio Valuation

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Investors who have exposure to funds that hold illiquid and hard-to-value assets continue to face challenges when it comes to independent fair value reporting and transparency. CBIZ specializes in providing clients with independent valuations of portfolios and individual positions for which there are no "active market" quotations. CBIZ’s team of specialists have wide experience working closely with some of the world’s largest hedge funds, private equity firms and other investment managers across a variety of issues relating to fair value and portfolio valuation.

Our portfolio valuation team leverages deep experience to provide solutions to our asset management clients that help increase the transparency and reliability of investor reporting and communications. Especially given the increased scrutiny on independence and governance driven by global accounting and regulatory bodies, the need for accurate and robust fair value reporting has never been greater. As such, CBIZ keeps current with industry best practices and works closely with our clients’ auditors, fund administrators and valuation committees to ensure their internal fair value policies and procedures are consistent with most recent pronouncements.

We provide valuation reports (monthly/quarterly/year-end) that are used for financial reporting compliance purposes. These reports are compliant with ASC 820 (aka FAS 157) and/or IAS 39. CBIZ's valuation team has expertise across a broad range of asset classes and strategies, including:

  • Illiquid debt and equity securities
  • Common and preferred equity
  • Complex derivative instruments
  • Mortgage-backed securities
  • Collateralized debt obligations
  • Collateralized loan obligations
  • Convertible securities
  • Leveraged loans, including senior secured debt, second lien loans, mezzanine and other subordinated loans
  • Warrants, options and stock appreciation rights
  • LP and GP interests
  • Joint venture interests
  • Trade claims and bankruptcy claims
  • Real estate investments (debt and equity)
  • International and emerging market securities

Management Company or General Partner level services include:

  • Management or GP Interest valuations for estate planning/tax purposes
  • Financial Opinions (Fairness, Solvency, and Transaction)and
  • M&A advisory