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.

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.