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PORTFOLIO INVESTMENT VALUATION
& VERIFICATION SERVICES
As a leading provider of financial advisory services, Houlihan Smith & Co. provides investment companies with independent valuations of their portfolio investments and securities. Our clients include registered investment companies, private equity funds, hedge funds, business development companies, special purpose acquisition corporations and publicly traded alternative investment vehicles.
We conduct periodic fair value reviews of the investment portfolios (or carve-out of specific securities) based on proprietary quantitative models that reflect the current best practices in the industry. In addition to our valuation methodology, we draw upon our extensive experience in order to provide high quality reports to Board of Directors, Audit and other Special Committees in a responsive and reasonable approach.
PORTFOLIO ANALYSIS
Houlihan's team of specialists is highly experienced at valuing a wide array of investment portfolios and their underlying securities, which include:
- Auction Rate Securities
- Distressed Debt Securities
- Leveraged Loans including Senior Secured Debt, Secured Lien Loans, Subordinated Notes, and other Debt
- Credit Derivatives
- Domestic and Foreign Convertible Securities
- Fixed Income and Equity Swaps and Swaptions
- Preferred Equity and Non-public or Illiquid Common Equity
- Convertible Securities, Warrants and Options
- Real Estate Investments and Loans
- Asset-Backed Securities
- Joint Venture Investments
- Illiquid Debt and Equity Securities
- PIPE Investments
NEEDS FOR OUR SERVICES
Houlihan recognizes the current regulatory and accounting issues relating to internal valuation practices and procedures and provides independent valuations for multiple end-users:
- To provide the Board of Directors, Audit /Special Committees and fund administrators necessary independent valuation support on portfolio investments
- To validate Schedule of Investments for financial statement accounting purposes (including “Side Pocket” transactions)
- To demonstrate compliance with the Investment Company Act of 1940
- To demonstrate qualification as a registered investment company under the U.S. tax code
For further information regarding our services, please contact:
Karl D’Cunha
Senior Managing Director
P: 312-499-5900
Email: kdcunha@houlihansmith.com