Valuations scrutiny in evergreen funds

The first panel of the day starts with a discussion on valuations, bringing together speakers from HarbourVest, Travers Smith and VEGA Investment Solutions, to delve into why some struggle to trust the marks in private markets.

The valuations question has become even more important with the rise of evergreen funds. The accuracy of valuations is crucial to determine the price investors come in at, redeem and also what they will pay as fees. But there are still questions around valuations because some believe it’s getting asset managers to mark their own homework and highlights the conflicts of interest inherent in having fees based on valuations.