It is strongly recommended to complete Level I – Introduction to Business Valuation before registering for Private Investments.

Private investments is an area of specialized practice for CBVs. It requires that valuators understand private investment terminology, have an understanding of fundamental concepts in the field, and are aware of the issues that require specialized industry knowledge.

This course does not require additional textbooks, aside from the course notes.

Private Investments includes:

• Private investments strategies, including methods of investing and key private investment asset classes, with a focus on infrastructure and private equity
• Key characteristics of infrastructure and private equity asset classes
• Common valuation approaches, methods and inputs used to value private investments
• Introduction to key sources and features of financing used by financial investors
• Key tax considerations related to private investments
• The deal bidding and pricing process as it relates to private investments
• Purchase agreements and shareholder/partner rights
• Take private transactions
• Investment returns and benchmarks used to evaluate investment performance
• Valuation for financial reporting as it relates to private investments
• Valuation considerations of debt in the context of private investments