In an IPE webcast on Tuesday 9 July, 2025 at 10:00 am BST / 11:00 am CEST, Evan Clark, Senior Private Markets Analyst at SIPA and Tim Whittaker, Director of the EDHEC Infrastructure and Private Assets Research Institute (EIPA), will discuss the subject of unlisted assets.

Valuing unlisted infrastructure assets is inherently complex, with significant implications for investors, regulators, and market stability. Despite widespread adoption of fair value standards like IFRS 13 and ASC 820, considerable challenges and inconsistencies remain.

Join the webcast to explore findings from an industry survey that uncovers the current valuation landscape, identifies key issues, and discusses actionable solutions:

• Valuation Variability and Fragmentation:
  Understand why inconsistent approaches—ranging from cash flow forecasting and discount rate selection to terminal value calculations—are prevalent, and how they affect investment comparability and confidence.
• Conservative Biases in Valuations:
  Discover why internal valuations often consistently lag actual market exit prices (by 6%–20%), raising questions about accuracy and strategic biases within current valuation methodologies.
• Limited Market Responsiveness:
  Learn how infrequent revaluations during market stress periods contribute to smoothing and mask asset volatility, impacting risk management and investment transparency.
• Ambiguity Around Financial Models:
  Examine why investors are divided on traditional financial models like CAPM, and how differing valuation approaches further complicate accurate asset valuation.
• Management Forecast Reliance Risks:
  Discuss the implications of heavy reliance on management-generated forecasts without adequate independent scrutiny, increasing vulnerability to optimism biases.
• Recommendations for Best Practice and Governance:
  Explore proposals for standardized valuation frameworks to improve reliability, transparency, and comparability across the investment landscape.

The webcast will be moderated by Brendan Maton of IPE.

Register for the webcast here.

Join us on October 14th, 2025, at 2:00 pm BST / 9.00 am EDT for a webinar examining key insights on the opportunities and risks surrounding evergreen funds, and how they may redefine private equity for both institutional and retail markets.

Evergreen funds are gaining momentum, with nearly $70bn in US assets by the end of 2024, part of a $350bn global market. While their scale remains small compared to total private capital, their significant growth highlights their growing importance, particularly compared to annual secondary market activity. With adoption broadening across the UK and EU through Long Term Asset Funds (LTAFs) and European Long Term Investment Funds (ELTIFs), evergreens are attracting diverse investors and are positioned to play a key role in defined contribution retirement plans.

This session, presented by Evan Clark, Senior Private Market Analyst at EDHEC Infra & Private Assets, will explore the key areas shaping the success and key considerations for the future of evergreen products:

• Valuations: How Fair Value principles and the use of NAV shape performance and reported gains
• Benchmarking: Why the debate between TWRs and IRRs matters for comparing results
• Volatility: What NAV swings reveal about risk in evergreens vs public markets
• Liquidity: The hidden challenges of leverage, inflows, and outflows that can test fund stability

REGISTER HERE