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Program Description
The webinar will be an advanced-level discussion of technical issues that arise in valuations of alternative asset management firms, such as hedge fund and private equity/venture capital fund managers, and carried interests in the investment funds. The discussion will cover topics such as typical investment fund entity structures; valuation methodologies, such as discrete discounted cash flow (DCF) option-pricing models; Monte Carlo simulation and their respective pros and cons; frequently encountered specific valuation challenges, such as investment return expectations; reasonable compensation issues; important discount rate(s) considerations; and suggestions on how to tackle these challenges.
Learning Objectives
After completing this webinar, attendees will be able to:
- Specify typical investment fund entity structures and the impact of the structures on the valuation analysis
- List valuation methodologies and articulate their application
- Identify the main pros and cons of each valuation methodology
- List the specific issues that present challenges in the valuation of alternative asset management firms and carried interests
- Establish approaches for dealing with valuation challenges specific to alternative asset management firms and carried interests
Who Should Attend
Attorneys, valuation practitioners
Presenter(s)
Vladimir Korobov, ASA, CPA, ABV
Mr. Vladimir Korobov is a managing director in the business valuation and litigation support group at Meyers, Harrison & Pia, LLC, a firm specializing in business valuation, economic damages, and litigation support services.
Mr. Korobov has performed valuations of business interests for a variety of purposes including, but not limited to, family law matters, estate and gift tax, fairness opinions, transactions, solvency determination, employee stock ownership plan formation and updates, financial reporting, and litigation.
The subjects of his valuation assignments have included entire enterprises and partial business interests, preferred and debt securities, portfolios of assets, derivative instruments, and intangible assets. He has conducted SAS 73/SAS 101 reviews of investment valuations for hedge funds and private equity firms and examinations of third-party valuation specialist reports in the context of financial statement audits.
CPE Credit |
Vladimir Korobov, ASA, CPA, ABV
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