Insights

A credible valuation regime, grounded in procedural clarity and technological capability, is indispensable to investor fairness, systemic resilience, and the legitimacy of private markets. A new paper from EDHEC Infra & Private Assets highlights why expanding private markets require more timely, transparent, and disciplined valuation. Since the global financial crisis, institutional investors have undertaken a structural reallocation toward private markets,

A credible valuation regime, grounded in procedural clarity and technological capability, is indispensable to investor fairness, systemic resilience, and the legitimacy of private markets.

This article proposes a factor model approach that robustly explains the valuations observed in private market transactions, effectively addressing the biases inherent in appraised or estimated valutations.

This supplement highlights shortcomings in the valuation of infrastructure assets and suggests improvements, presents an innovative model based on real transaction data for private company valuation, explores underlying risk factors in private equity, and assesses the impact of fund scale on performance.

In this supplement, we identify governance gaps in infrastructure asset pricing and propose reforms, introduce a dynamic, transaction-based valuation model, examine systematic risks in private equity, and analyse how fund size influences performance.

The valuations of unlisted assets anchor everything from capital-allocation and risk-management decisions and regulatory reporting. Yet, despite the principles-based guidance of IFRS 13, ASC 820, and the IPEV Guidelines, day-to-day practice remains opaque and highly discretionary. A recent paper from EDHEC Infra & Private Assets provides the first large-scale empirical portrait of those practices. Drawing on a global survey of