Due to the current financial crisis, investor confidence in illiquid asset valuation has been shaken, according to a survey by PEF Services, a fund administrator for alternative investment managers.
Officials polled 150 financial professionals, including members of the Financial Executives Alliance (FEA) during a webinar held in mid-April.
They found that valuations may take a significant hit and exits are uncertain. All eyes are on investor reporting and communications, according to PEF Services.
When it comes to fund NAV most (28%) expect valuations to decrease between 11% and 15%. Yet a high . . .
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