FUND VALUATION

Positive Assurance Process

Review

33%
  • Fund offering memorandum
  • Fund valuation policy
  • Investment strategy
  • Available investment info
    (security, issuer, market trends)

Analyze

66%
  • Investment contracts
  • Issuer financial statement
  • Asset management / servicing
  • Value methods and assumptions
  • Observable and unobservable inputs

Assess

100%
  • Historic activity of assets
  • Comparables (issues, inputs, methods)
  • Observations of experts and dealers
  • Fair value opinion

Cedarwood has expertise in the valuation of illiquid and alternative investments. We are unique in that our extensive buy-side experience provides a detailed understanding of proprietary trading strategies as well as the underlying assets.

As a leading provider of independent third-party valuation services to institutional investors in alternative and illiquid investment strategies, Cedarwood provides clients with positive assurance opinion reports that detail and support the reasonableness of the fair values reported to investors. Cedarwood’s reports are used as the primary reference document for investment valuation discussions between fund managers, investors, and their respective public accounting firms, administrators and other counterparties. The opinion reports provide credibility and transparency to investor reporting and help mitigate potential conflicts of interest. In addition, the details outlined in the reports provide essential data necessary for fund raising efforts and by independent auditors and administrators in satisfying financial reporting requirements under Accounting Standards Codifications.