“Another important aspect of private equity valuations is that they are mostly performed by the GPs. Under the pressure from LPs, an increasing number of annual or semi-annual valuations are performed by independent valuers that are mandated by GPs.” Source: CFAI Volume 5, page 67, Section 3.4, 2nd to last paragraph. +1
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What was the answer choices for that question, and was it stating it as which of the following is FALSE, or was it a definitional question? I remember the question, but not sure what I put down
nyccfa2010 Wrote: ------------------------------------------------------- > What was the answer choices for that question, and > was it stating it as which of the following is > FALSE, or was it a definitional question? I > remember the question, but not sure what I put > down I’m not exactly sure how the question was worded. But I do remember how I answered affirmatively that both GP and Independent 3rd Parties perform valuations.