Current Geopolitical and Global Macro Conditions - Impact on Valuing Private Investments

Recent and ongoing events in Ukraine and Russia are unprecedented. The economic impact will be felt globally and it may take some time before the full repercussions of the current conflict become evident. Beyond the Russia/Ukraine conflict, global markets are experiencing significant volatility, supply chains remain disrupted, inflation is at a rate that has not been seen for decades, energy prices have spiked, and significant uncertainty exists in the market. In this webinar, Kroll Private Investment Valuation experts, David Larsen, David Scott and Ryan McNelley will discuss the impact of the current environment when measuring the fair value at March 31, 2022.

Estimating the Fair Value of private investments requires significant informed judgement. In times of market dislocation and uncertainty, extra scrutiny on valuation assumptions and conclusions is required and expected by investors, regulators, and auditors.
 
Key Topics

• How should the spike in commodity prices and potential supply shortages impact fair value conclusions?
• Should inflation be considered transitory or how should it be baked into valuation estimates?
• What are the similarities and differences between the current environment and that experienced in March of 2020 and other times of market dislocation?
• Is portfolio company liquidity a concern and how should it be addressed?
• What is the outlook for energy prices and how will they impact fair value?
• Is counterparty risk a bigger concern in the current environment?
• How should direct investments in Russian or Ukrainian companies be valued?
• What is the impact of FASB’s recent decision to prohibit taking into account contractual restrictions?

Speakers

• David Larsen, Managing Director, Alternative Asset Advisory
• Ryan McNelley, Managing Director, Alternative Asset Advisory
• David Scott, Managing Director, Alternative Asset Advisory