Valuing Private Company Debt and Equity Investments – New Perspectives
Explore key fair value concepts, including calibration, new techniques for valuing downside protection, market participant perspectives, and incorporating secondary transactions.
Format
Webcast
Date
May 28, 2026
NASBA Field of Study
Specialized Knowledge
Level
Overview
CPE Credits
1.5
Instructor
Amanda Miller, David L. Larsen
Availability
3 months
Product Number
WC5264688
Surging private capital activity is increasing the reliance on the AICPA Accounting and Valuation Guide Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies (PE/VC Guide).
Five years after the guide's initial release, as mid-size firms expand dedicated practices and new investors enter the market, practitioners continue to benefit from the guide's refined implementation approaches and guidance on grey areas.
Many professionals, however, are not as deeply familiar with it — presenting an opportunity to revisit and contextualize its application.
This webcast will cover three key concepts of the guide:
Calibration: Learn how to thoroughly bridge valuation models to recent transaction prices and to any subsequent adjustments between measurement dates to support fair value conclusions.
Liquidation preferences vs. upside: Explore the methodologies in the AICPA’s new working draft guide, Valuation of Private Company Securities Issued as Compensation, to capture downside protection.
Market participant perspectives and secondary transactions: Know how to incorporate principal market assumptions and entertain secondary market activity where available.
Valuing private company debt and equity goes beyond choosing a model; it requires a robust framework rooted in fair value principles and market participant assumptions.
From calibration and new techniques for valuing downside protection to market participants' perspectives and the incorporation of secondary transactions, this webcast is your chance to get your questions answered in an evolving valuation profession and leave with a structured, practical approach to fair value for 2026.
Key Topics
- Calibration
- Assessing the value of downside protection
- Market participant perspectives
- Secondary market transactions
- Case study
Learning Outcomes
- Identify the importance of calibration.
- Identify methodologies for assessing the value of downside protection vs. upside participation.
- Recognize and incorporate assumptions made by market participants in estimating fair value.
- Recognize how to incorporate value indications from secondary market transactions.
Who Will Benefit
Valuation and finance professionals supporting private equity, venture capital, and credit funds
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.