The service, which comprises the provision of valuations for equity investments in growth and buy-out stage companies, is aimed at limited partners, banks and fund administrators as well as alternative asset managers and ensures independent valuation of their funds.
Designed to fulfill the statutory and policy needs of investors, regulators and business managers, the new service offers independent calculation of prices for input into net asset assessment and additional crucial portfolio metrics.
Markit portfolio valuations director Colin Southall said that the aim of the company is to take analyst subjectivity out of the process, replacing it with observable inputs and extensive peer comparisons to offer objective, market-driven prices.
Markit portfolio valuations director Kevin O’Connor said "Valuations are standardised and therefore comparable over time and between firms to aid investment decision-making and reporting."
Based on the performance ratios of more than 30,000 public companies, the Portfolio Valuations – Private Equity is available as a fully-hosted technology, which automates the data collection and calculation work load.
