The Standards Board for Alternative Investments (SBAI), custodian of the Alternative Investment Standards, has announced that it has published a new consultation paper (CP5), containing proposed new standards related to valuation of private market assets.
According to the announcement, SBAI’s proposed changes aim to ensure that the Standards “remain relevant and aligned with developments across the alternative investment industry, specifically in relation to illiquid assets.”
“This includes Standards which seek to introduce a consistent framework for assessing the quality of the valuation processes used by alternative investment managers, whilst enhancing transparency and disclosure provided to institutional investors,” SBAI commented.
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