The FVS Valuation Podcast Current Trends in Private Credit Markets Episode Description Private credit is one of the fastest growing segments in the alternative investments landscape. As traditional lending channels tighten and investors seek yield beyond that which is available in public markets, private credit has surged in popularity. But with that comes complexity, especially when it comes to valuation. Unlike publicly available assets, these instruments often lack transparency, standardized pricing, and frequent market transaction activity, which raises questions: How do we accurately value these assets? What risks are potentially underappreciated? How should investors think about performance and liquidity in a private credit portfolio? Listen to how a specialist in this area approaches these issues, and read below for key AICPA resources to improve your own valuation analyses.

Key takeaways  •    Industry economics and motivations of stakeholders and constituents •    Applications and limitations of formal valuation and accounting guidance •    Characteristics and valuation implications of payment-in-kind (PIK) features •    Looking beyond carrying values to assess debt instruments

Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses.

Guest: Susan DuRoss, Managing Director, Global Head of Valuation, Harvest Investments Host:  Howard Mah-Lee, CFA, CAIA, ABV, Senior Manager, AICPA Valuation Services

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Check out early bird and special discounts for AICPA and FVS Section members, and ABV, CFF and CVFI credential holders

•    AICPA Forensic & Valuation Services Conference, Oct 28-30, Aurora, CO, in person and online •    Business Valuation School - Dec 1-5, Live online

Accounting and Valuation guides from AICPA  If you are an AICPA-FVS Section member see below for free access to these guides

•    Valuation of Privately Held Companies Equity Securities Issued as Compensation •    Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

The FVS Valuation Podcast archives •    409A Valuations – What you Need to Know •    SAFEs, Convertible Notes, and Embedded Derivatives

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at [email protected]