Demystifying Valuation Clauses in LPAs for Emerging Managers
Equidam
JULY 23, 2025
So, having it codified that you follow IPEV or have an independent valuation step isn’t just appeasing LPs, it’s preparing you for audit compliance. For first-time managers, understanding this approach is useful because it reflects how different angles (market comps, cash flows, qualitative scoring) can all inform value.
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