Valuation Policy & Procedures
BRG’s deep portfolio valuation and regulatory consulting experience provides a constantly refreshed view on fund VPP best practices.
BRG’s deep portfolio valuation and regulatory consulting experience provides a constantly refreshed view on fund valuation policy best practices that readies our clients for SEC exams and operational due diligence valuation policy reviews.
Regulatory agencies, investors, and independent audit firms have called for alternative investment managers to adopt robust valuation policy and procedures (VPP) related to illiquid investments. Our staff have worked for all of these constituents and know what best-in-class really means.
In addition, VPP documentation that specifically reflects the latest fair value guidance in the context of a fund’s investment strategy and investment types has become a must-have for general partners seeking to raise funds from institutional limited partners.
VPP Service Offerings
BRG’s deep portfolio valuation and regulatory consulting experience provides a constantly refreshed view on fund VPP best practices that meet fair value, performance monitoring, portfolio reporting, and general compliance standards – both domestic and foreign.
We offer the following VPP advisory services:
VPP Diagnostic Assessment
We identify material VPP gaps relative to the latest industry and LP standards and provide actionable recommendations. Our assessments are based on extensive experience defending funds against SEC Exam valuation deficiency findings and enforcement actions. We work with funds to develop “best in class” VPP documentation (see illustrative example on next page)
VPP Development and Remediation
We perform a VPP Diagnostic Assessment and then work alongside management either to develop a customized VPP document or to remediate material gaps in existing VPP documentation. SEC exam readiness as well as valuation audit support are both goals that are satisfied with a constantly refreshed process:
Our industry knowledge is broad and deep.
BRG combines intellectual rigor with practical, real-world experience. We have an in-depth understanding of industries and markets, with expertise spanning the major sectors of the global economy. Following are some of the many sectors that we know inside and out.