Alternatives assets valuation and valuation oversight: infrastructure

Market turbulence, credit crisis, and pressure from governing bodies for additional regulation in the alternative investment sector are some important elements which we believe will put an increasing emphasis on the requirement to have a strong and reliable fair valuation process for alternative assets. Going forward, General Partners can expect investors, auditors and regulators to scrutinise their valuation estimation more closely.

By the end of the course, participants will be able to:

• Describe accurately accounting valuation rules
• Understand precisely the valuation guidelines
• Apply recognised methodologies
• Get clues for effective oversight controls

• Valuation Technics
• Oversight
• Case studies

This training is coordinated by Rafaël Le Saux and Alexandre Goossens, Directors at PwC Luxembourg.

Rafaël is a director within PwC Corporate Finance Luxembourg and leads the Valuation & Modelling Advisory services offering locally. Rafaël has 13 years of relevant valuation experience and, prior to joining PwC, was Conducting Officer Valuation for Partners Group’s AIFM, one of the largest in-house AIFMs in Luxembourg as well as standing member of all four asset-class specific global valuation committees overseeing more than USD 100b of AUM.

In his current role, Rafaël and his team support AIFMs with their valuation requirements, in particular with recurring portfolio valuation mandates for complex to value assets, including infrastructure, growth equity and venture capital investments.

Rafaël shows a strong expertise in valuation and modelling across several industries, is a Chartered Financial Analyst, a Chartered Alternative Investment Analyst, a Chartered Financial Modeller and Accredited in Business Valuation by AICPA. Rafaël is also vice-chairman of the Luxembourg Valuation Professionals Association (LVPA) and leads LVPA Technical Working Group.

Alexandre joined PwC Luxembourg in September 2014 and is responsible for the Real Estate & Infrastructure Advisory Services within our Alternatives Valuation Services practice. Alexandre has gained a strong experience in the Real Estate market through his active roles as consultant and valuer. He leads a team dedicated to the annual review of more than 1,500 assets in Real Estate, debt (backed by Real Estate collaterals), infrastructure and forestry with an exposure on world markets. Alexandre is responsible for the set up of risk management tools for funds investing in alternative assets (Real Estate, infrastructure, Real Estate debt). He is also an active member of the Royal Institution of Chartered Surveyors (RICS).