Private Credit Valuation in Alternative Investments
A solid foundation in the fundamentals of credit-related instruments is a must for portfolio valuation experts facing increasingly complex term sheets and loan agreements. Here is what you need to know.
Format
Webcast
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
1.5
Instructor
Melissa Brady
Availability
3 months
Product Number
WC4863489
Private credit — one of the fastest-growing sectors of the alternative investment landscape — is more popular than ever, especially for:
- Middle-market investors and managers seeking more predictable cash flows and creative solutions to limit equity risk exposures and exit hurdles
- Companies seeking faster and more direct access to financing options than traditional, regulated lenders can typically provide
Join us as our valuation industry expert Melissa Brady of Alvarez & Marsal:
- Provides an overview of the current state of the private lending market
- Guides us through a review of key concepts in loan agreements and provisions
- Offers in-depth analysis of and guidance on methodologies and techniques from real-world case studies
This webcast will:
- Focus on key factors behind private credit valuation and how the private credit asset class fits within the non-investment grade space
- Cover the basics behind the key terms required from a credit agreement to correctly develop a model of future cash flows
- Present an example of how to apply calibration in valuing performing loans
The webcast will also cover key challenges behind private credit valuation and an example of when calibration breaks down and cannot be applied.
Key Topics
- Identify the key terms behind a vanilla performing loan
- Identify and differentiate qualitative and quantitative considerations when assessing credit risk.
- Evaluate how private credit compares to other non-investment grade debt
- Positives and negatives of private credit versus broadly syndicated loans
- Latest trends in private credit and private equity
- Nuances of private credit
Learning Outcomes
- Identify qualitative and quantitative factors when assessing credit risk.
- Distinguish how private credit differs from public debt (including broadly syndicated loans).
- Recall main issues and common challenges for valuation practitioners.
- Estimate private credit valuations with calibration tools.
- Recognize situations in which calibration breaks down.
Who Will Benefit
Valuation practitioners, auditors, investment managers, CFOs and controllers of asset managers
Group ordering for your team
2 to 5 registrants
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US customers call 1-800-634-6780 (option 1)
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