Alternative asset classes (private equity, private debt, venture capital, infrastructure and real estate) have grown significantly over the past years and are expected to continue to grow as institutional (and individual) investors seek ways to diversify their portfolio holdings with various return and risk profiles.
Fair valuation of alternative investments/assets, including strength and reliability of the valuation process, is an ever-increasing area of focus for investors, fund managers, accounting standards setting bodies, auditors and regulators in the context of unprecedented market conditions and a challenging global economy.
PwC's Academy has developed this alternative valuation curriculum to help participants understand the challenges associated with the fair valuation assessment of alternative investments/assets.
To address your questions and training needs across various stages of your background and career, our curriculum provides a learning experience through three levels: Foundation, Knowledge & Competence, and Fit & Proper.
Alternative assets valuation curriculum
3 levels: Foundation, Knowledge & Competence, Fit & Proper
Foundation
This Foundation level serves as an introduction, covering fundamental concepts and principles related to our topic.
Participants at this level will gain a solid understanding of the basics to form a strong foundation for more advanced learning.
Please click on the links to get further details about each building block's content.
- Alternative assets valuation - Introduction (2h): this training will help participants develop a foundational knowledge of valuation concepts, methodologies and techniques used to value the alternative asset classes (private equity, private debt, venture capital, infrastructure and real estate). Each of these will be expanded on through the following specific modules.
Knowledge & Competence
This stage delves deeper into the subject matter providing participants with sound knowledge and practical skills necessary for their day-to-day tasks.
Please select the theme at first and then the module that answers your specific needs and click on the links to get further details about each building block's content.
- Alternative assets valuation and valuation oversight: private equity (3h): this training will help participants get a comprehensive understanding of the valuation concepts and recognised methodologies specific to the private equity assets.
- Alternative assets valuation and valuation oversight: real estate (3h): this training will help participants navigate through the challenges associated with real estate valuation oversight.
- Alternative assets valuation and valuation oversight: debt funds (3h): this training will help participants get a comprehensive knowledge on valuation concepts specific to debt instruments and on the recognised methodologies as well as apply these methodologies in the context of fair valuation assessment.
- Alternative assets valuation and valuation oversight: infrastructure (3h): this training will help participants get a deep understanding on valuation concepts and recognised methodologies specific to the infrastructure field.
- Alternative assets valuation and valuation oversight: venture capital (3h): this training will help participants navigate through the challenges associated with fair valuation in this asset class.
- Alternative assets valuation function and valuation process - Regulatory aspects (3h): this training will help participants understand the key roles and responsibilities of the valuation function, as well as the controls and requirements regarding the regulatory framework.
Fit & Proper
This level is addressed to board members and executive members ensuring they are "fit and proper" to handle responsibilities and make efficient strategic decisions.
Please click on the links to get further details about each building block's contents.
- Valuation for AIFM Heads/Conducting Officers (3 days): this 18h training programme over 3 days will help participants develop a deeper knowledge on valuation concepts, methodologies and techniques used to value the alternative asset classes (private equity, private debt, venture capital, infrastructure and real estate).
