Private market valuations: Understanding the true value

Private market valuations: Understanding the true value

06 May 2026

Valuations in private markets are inherently complex due to illiquidity, limited price transparency, and heterogeneous assets.

Unlike public markets, where prices are observable, private valuations rely on models and assumptions. Crucially, reported net asset values may not be intended to reflect fair value.

Beatrice Stănoescu, Head of Alternatives Research, highlights the barriers inherent in private market valuations and how investors can overcome them to better understand an asset’s true value.

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