IPEV board opens consultation

A draft of the amended International Private Equity and Venture Capital (IPEV) valuation guidelines has been published, subject to recent market conditions and feedback from various parties.

For the December 2022 consultation draft, the main updates include:

• Additional guidance relating to the continued experience of industry practitioners applying IFRS 13 and FASB ASC Topic 820;
• A section has been added to address the increasing importance of various ESG factors in the valuation process; and
• Feedback received from various parties with respect to potential enhancements has been included.

“The board continues to work to provide Valuation Guidelines that remain relevant to both GPs and LPs, in particular ensuring ongoing consistency with accounting standards and which remain relevant and reliable.