Join Duff & Phelps for a discussion on analyzing private fund audited financial statements (AFS) with a focus on private equity, venture capital and cryptocurrency. Endowments, foundations, public and private pensions, family offices, sovereign wealth funds, fund of funds and other institutional investors all invest in private funds that will soon send out their 2020 AFS. Our experts will take you through key components of the AFS and provide insight on how to conduct consistent, in-depth AFS reviews to identify areas of inconsistency and red flags.
Schedule: 12:00 p.m. – 1:00 p.m. EST
Topics
- Private equity metrics such as unfunded commitments and lines of credit
- Overview of cryptocurrency topics such as valuation, custody of assets on exchange or cold storage, and hard fork/air drop recognition
- Fair value measurement metrics, including gross/net exposure, fair value hierarchy leveling and portfolio investment concentration
- Identification of liquidity terms and fee terms
- Financial highlight analysis and footnote risk area reviews
- Review of the opinion page and the identification of regulatory requirements
- Duff & Phelps’ AFS Clarity system overview
Speakers
- John Ward, Managing Director, Alternative Asset Advisory
- Julianne Recine, Director, Alternative Asset Advisory
- Robert Kucenski, Director, Alternative Asset Advisory
