The Standards Board for Alternative Investments (SBAI), custodian of the Alternative Investment Standards, has published a new consultation paper (‘CP5’) on proposed new Standards related to valuation of private market assets.
Valuations in private markets have far-reaching implications, and concerns about their reliability have been growing among investors and regulators in recent years.
Jean-Francois Mauvis (former Head of ODD at Pantheon Ventures) shares his view on how ODD practitioners approach the assessment of investment manager valuation practices related to private market assets.