德勤：2025公允价值估值调查报告：将估值运营模式提升至新高度（第23版）（英文版）（24页）.pdf

1、Fair valuation pricing survey 23rd edition Scaling your valuation operating model to new heightsFair valuation pricing survey 23rd edition|Scaling your valuation operating model to new heightsTable of contents Introduction 3Increasing complexity and challenging the valuation operating model 5Sharper

2、 focus by the regulator on the valuation process 8Technology taking the valuation operating model to New Heights 9Rule 2a-5 implementation in wind down 11Additional key FV survey findings 16Looking ahead 18About the FV survey and its authors 202Fair valuation pricing survey 23rd edition|Scaling your

3、 valuation operating model to new heights3Fair valuation pricing survey 23rd edition|Scaling your valuation operating model to new heightsIntroductionThe 23rd edition of Deloittes Annual Fair Valuation Pricing Survey(“FV survey”)underscores that valuation remains a central focus for the investment m

4、anagement industry.More than 100 fund groups once again participated,reflecting the industrys ongoing commitment to benchmarking practices and sharing insights at a time of heightened complexity.Registered investment companies,business development companies(collectively,“fund groups”),their boards o

5、f directors/trustees(“Boards”),and regulators remain united in their objective of ensuring a valuation process that is accurate and reliable,with an operating model and accompanying valuation policies that are resilient in todays environment.This years findings reveal that the valuation operating mo

6、del continues to evolve in response to several key forces.The continued growth and investment in illiquid investments has intensified the challenges to valuation practices,while rapid advances in technologyparticularly the emergence of Generative Artificial Intelligence(“AI”or“Generative AI”)are int