Valuation for AIFM Heads/Conducting Officers

Alternative assets are complex. Your valuation approach shouldn’t be.

This 3-day training is made for AIFM Heads and Conducting Officers dealing with the real-world challenges of valuing alternative investment funds.

• In-depth coverage of fair valuation of AIFs, from methodology to oversight
• Led by five PwC professionals who know the terrain
• Connect with peers from across the sector and grow your network

The 18-hour programme will be spread over 3 days and is organised as follows:

Day 1:

9h00 - Alternative assets valuation – Introduction (1h)

10h15 - Alternative assets valuation function & valuation process - Regulatory aspects (2h)

13h30 - Alternative assets valuation and valuation oversight: private equity (3h)

Day 2:

9h00 - Alternative assets valuation and valuation oversight: real estate (3h)

13h30 - Alternative assets valuation and valuation oversight: debt funds (3h)

Day 3:

9h00 - Alternative assets valuation and valuation oversight: venture capital (3h)

13h30 - Alternative assets valuation and valuation oversight: infrastructure (3h)

To get further details about the different modules, don't hesitate to go to our website, or contact us!

Our training sessions will be coordinated and delivered by PwC subject matter experts dealing on a daily basis with alternative assets valuation topics.

Alexandre Goossens is a partner at PwC Luxembourg, specialising in Alternatives Valuations Real Estate Services with over 15 years of experience as both a consultant and valuer in the real estate market. Since joining PwC in 2014, he has led a team responsible for the annual review of more than 2,000 assets across real estate, debt, infrastructure, and forestry, managing a comprehensive global real estate market database. Alexandre oversees the implementation of models and processes for fund management under AIFMD, focusing on valuation, risk, and portfolio management. He is an active member of RICS and serves as lead instructor for real estate valuation courses internally and externally, including lecturing at Neoma Business School Reims. His notable projects include managing valuation teams, co-leading PwC’s valuation center of excellence, conducting gap analyses for AIFMD functions, and advising on real estate transactions and strategy.

Samir Moussaoui is a partner within the Valuation Services (VS) team, specialising in traditional and alternative investment funds with a focus on private business valuations and modeling. He possesses extensive expertise in valuation processes, techniques, market practices, and auditing skills. Samir leads the VS practice in managing diverse financial valuation engagements for local and international clients and PwC offices. He is a Chartered Financial Analyst (CFA) and Chartered Valuation Surveyor (MRICS), serves on the board of the Luxembourg Valuation Professionals Association, and actively contributes as a training instructor and member of PwC’s Transformation group.

Alix Altenor is a partner at PwC Luxembourg within the Assurance Alternatives and Valuation Services practice, specializing in U.S. GAAP for funds and valuation for financial reporting. With over 15 years of experience, he focuses on reviewing valuation models and assumptions for private company equity and debt, utilising methodologies such as discounted cash flow, trading and transaction multiples, milestone analyses, and NAV. His expertise spans leveraged buyout, growth equity, venture capital, credit, and mezzanine strategies. Alix has extensive knowledge of accounting and financial reporting under U.S. GAAP, IFRS, and AIFMD, and his professional work includes portfolio company valuation, external and internal audits, serving clients in private equity, venture capital, and credit funds.

Rafaël Le Saux is a partner specialising in Valuation Services at PwC Corporate Finance Luxembourg, bringing 16 years of valuation expertise. Before joining PwC, he served as Conducting Officer Valuation for Partners Group’s AIFM, managing USD 120 billion of assets and participating in global valuation committees across multiple asset classes. He has over nine years of experience in valuation and modeling at a major professional services firm across France, Australia, and Chile, and also held an Associate Director role at a niche infrastructure fund focused on Public Private Partnerships in developed economies. His expertise includes AML/KYC, CTF, sanctions, and fraud, with key projects in portfolio valuation, business and intangible valuation, financial modeling, AIFM valuation advisory, and infrastructure, private equity, and venture capital.

Valérian Catuhe is a senior manager specialising in real estate and infrastructure advisory, having joined PwC Luxembourg's Advisory Practice in January 2018. He leads valuation reviews of tangible assets including real estate, infrastructure, collateralised loans, agricultural lands, and forests. Valérian also manages advisory projects across real estate and infrastructure sectors, focusing on valuation, transaction support, financial modeling, market analysis, benchmarking, risk management, process automation, and general consulting. His expertise serves clients such as real estate and debt funds, property companies, and developers, demonstrating a comprehensive leadership role in delivering complex advisory services within these industries.