Lunch & Learn Webinar Series: Impact of COVID-19 on Portfolio Company Valuations
Presented by CohnReznick
Impact of COVID-19 on Portfolio Company Valuations
Tuesday, September 22, 2020
COVID-19 has disrupted market conditions. Never before have fund managers had to calculate portfolio company valuations amid such an extreme and uncertain set of circumstances. Yet, general partners (GPs) have a fiduciary responsibility to their limited partners (LPs) and others to report investments at fair value using the best available information known as of the valuation date and estimating the impact to their investments. Now, almost 9 months since the start of the Coronavirus pandemic, what best practices have SBIC fund managers implemented to calculate valuations and what lies ahead?
Christopher G. Aroh, CPA
Financial Sponsors Industry Leader
Chris Aroh serves as the Firm’s Financial Sponsors Industry Leader. His primary focus is working with private equity, venture capital, and SBIC organizations, providing fund level audit and tax services. His experience includes providing audit, tax, formation and structuring to private equity funds, levered and unlevered SBICs, bank-operated SBICs, impact and BDC SBICs. In addition, Chris has extensive experience auditing private equity portfolio companies.
Carmen Sims, Director
Carmen Sims has over 15 years of experience in the valuation of public and private entities in a variety of industries, including advising and performing analyses for financial sponsors and strategic investors. She has prepared formal valuation opinions in connection with management planning, allocation of purchase price paid to assets acquired, pre-acquisition financing, regulatory review, federal income, gift and estate tax, merger, acquisition, divestiture, joint ventures, and litigation support.
Zach Luce, CFO
Zach is responsible for financial management and controls, external financial and regulatory reporting and limited partner reporting. Zach has additional responsibilities in the development and management of internal systems and controls, cash management, and support of overall portfolio management.