Insights

Private asset markets are facing growing scrutiny over how investments are valued and how accurately those valuations reflect underlying economic reality. Here, we briefly examine four important questions around valuation: how private assets are valued, whether appraisal-based valuations adequately capture risk, how regulation is evolving, and what realised exits tell us about the accuracy of reported values. When valuation creates

We look at the challenges associated with private asset valuation, including the shortcomings of existing valuation methods, the underestimation of volatility in unlisted infrastructure investments, recent developments in valuation regulation, and the systematic understatement of private asset exit prices.

This supplement examines the shortcomings of private asset valuation methods, the systematic underestimation of volatility in unlisted infrastructure investments, developments in valuation regulation, and the tendency for private asset valuations to understate realized exit prices.

An analysis of 333 private equity and infrastructure exits finds that reported valuations systematically understate realised exit prices, raising important fair value, fiduciary and regulatory questions.

From energy transition to digital infrastructure: how private infrastructure is reshaping the playing field of risk, appreciation and opportunities for institutional investors. Infrastructure is developing faster than ever. The boundaries between traditional and new infrastructure assets are shifting due to the energy transition, digital connectivity and changing regulation. What once seemed like a relatively stable, contract-driven asset class today requires

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,