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Valuation in a Dislocated Market
Troubled portfolio companies, distressed markets, distressed debt and fair value
Thursday, November 12:
1:00pm EDT
10:00am PDT
What is this webinar about?
Valuation, despite or in large part due to the advent of FAS 157, is hardly an exact science. Value remains in the eye of the beholder, even if the Financial Accounting Standards Board tells firms what they should be looking at. The ample room for interpretation is exactly what keeps GPs and auditors up at night.
This webinar will take an in-depth look at how the current economic environment is making fair value even more difficult to determine for troubled portfolio companies and investments in distressed debt.
The instructional session will include:
• Focus on what type of disclosure and documentation is necessary for a level 3 investment
• FASB treatment of a bargain purchase
• What effect the secondary market prices have on fair value if any?
• Compliance with FAS 157 in a dislocated market
• How do you value distressed debt especially if it’s thinly traded?
• Update on IPEV guidelines and fair value
Who will lead these webinars?
Confirmed speakers for the webinar are:
(Click on the speaker's name to read more about them and their firm)
 | Kevin Ley
Associate Editor
PEI Media
Kevin Ley is an associate editor for PEI Media and staff writer for PEI Manager magazine.
|  | William J. Hupp
Chief Financial Officer
Adams Street Partners, LLC
As Chief Financial Officer, Mr. Hupp is responsible for financial reporting and administration for Adams Street Partners and its funds.
|  | Allen Morrison
Principal, TAS - Valuation & Business Modeling
Ernst & Young, LLP
Mr. Morrison is a Principal in the New York office of Ernst & Young’s Valuation and Business Modeling Practice.
|  | Sal (Kislay) Shah
Partner Financial Services
McGladrey & Pullen LLP
Sal (Kislay) Shah is a Partner in the New York office of McGladrey & Pullen, LLP and the co-leader of the office’s Financial Services Practice.
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| Leroy Wall
Executive Director
J.P. Morgan Private Equity & Real Estate Services
Leroy
is an Executive Director for J.P. Morgan Private Equity Fund Services.
Leroy has 14 years experience in the financial services industry,
including 12 years specializing in alternative investments.
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Why Attend?
With the PEM Webinar Series, you will earn CPE credits
and keep up-to-date with the latest changes in tax, accounting and fund
finance and administration practices without having to leave your desk
and cutting into your travel budget.
Did you know? A new
law overhauling New York’s accounting rules expanded definition of
“public accounting” to include accounting, management and financial
advisory services, in addition to tax and professional services. CPAs
performing public accounting services for non-CPA employers, whether
those are companies, the government, universities or nonprofits, will
be required to register with New York State, including private equity
CFOs.
In addition, a registered CPA or public accountant must complete 40 hours of general studies or 24 hours of concentrated study in one recognised area of study, such as tax, during each year.
The new law also changed the structure of CPE requirements – before,
CPAs could complete 120 hours anytime over the course of three years,
but now CPAs must complete 40 hours each year.
Who should attend?
The
webinar series is expressly for those accounting and finance
professionals within a private equity firm charged with managing its
financial functions:
• Chief Financial Officers
• Chief Operating Officers
• Controllers
• Treasurers
• Fund Administration Personnel
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