Services
ASC 820 portfolio valuations, holding-company NAV analysis, and complex multi-asset structures.
What this covers
Quarterly and annual ASC 820 fair-value marks for fund portfolios: debt and equity, control and minority, single-asset and multi-asset. The work also covers holding-company NAV analysis, SPVs, and family-office portfolios that combine operating businesses, real estate, marketable securities, and passive interests under one structure.
Method selection follows the asset, the standard, and the audit posture. Calibration to entry pricing, observable transactions, and benchmark indices is documented; significant inputs are tested for reasonableness against the surrounding context.
Who this is for
Built for the review audiences who actually scrutinize this work.
When to call LHM
Why this gets complicated
Portfolio valuation is consistency-sensitive in a way one-off valuations are not. Methods picked at entry have to be defensible quarter after quarter; calibration drift is a leading cause of audit findings. Mark consistency across vintages, across analysts, and across fund cycles requires discipline that templated approaches do not provide.
When the portfolio includes mixed-asset entities such as operating businesses with real estate, holdcos with multiple tiers, or SPVs with non-trivial structure, the cross-discipline work LHM offers is more efficient than coordinating an appraisal firm, a BV firm, and a complex-securities firm separately.
What LHM evaluates
Standards and review audiences
Deliverables
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