David Larsen, Managing Director in Duff & Phelps Alternative Asset Advisory practice, was recently quoted in an WSJ Pro Private Equity article titled, “Private-Equity Valuations Stressed by Coronavirus Crash.”
David said that “Firms are supposed to mark each investment at fair value, or the price it would fetch during an orderly sales process. But that doesn’t mean firms need to immediately write down their portfolios by 20% or 30% to reflect stock market losses.” Adding that, “Fair value does not mean fire-sale pricing.”
Read the full story here.
