October 1, 2020

Valuations Considerations When Loan Quotes are Widely Dispersed and There Are No Trades

This paper discusses key considerations and tools for asset managers when facing challenges with credit valuations under a COVID-19 environment when loan quotes may be sparse or widely dispersed. Some of the topics discussed include liquidity, cashflow runway, leverage, revenue composition, expense and capital structures, sponsor support, EBITDA addbacks amongst other areas to consider. The considerations covered are also relevant to middle market loans that are not quoted.

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Thought Leadership

PE 3.0: Digital Transformations in Private Capital Webinar

July 28, 2020

Cole Corbin, Head of A&M’s Fund Analytics team, took part in a discussion on how private equity and other alternative investment firms can optimize resources, across multiple platforms, to boost operational efficiency and outperform the competition.

Case Studies

Case Study: Asset Manager - SAAS Portfolio Monitoring, Analytics & Reporting Platform Implementation

April 1, 2020

A&M’s Fund Analytics Services Team worked with a leading investment management firm with a portfolio of real assets of hundreds of properties and dozens of managers.

Thought Leadership

Calibration with OPM in Early-Stage Enterprises: A Fair Value Update

March 13, 2019

Managing Director Neil Beaton recently co-authored a BVR article discussing using option price modeling techniques in the valuation of early enterprises.

Thought Leadership

A&M Conversation With: Discussing Collateralized Loan Obligation (CLO) Valuation

November 28, 2018

On this episode of A&M Conversation With, Senior Director Maria Nizza, from Alvarez & Marsal’s Valuation Services, discusses changes in the collateralized loan obligation market over the last 12 months, and what we should consider when valuing of CLOs.

Authors