enhances our customers' decision-making, investor relations, asset allocation, fund manager selection and business development. Our products and services cover different asset classes like private equity, venture capital, hedge funds, real estate, and infrastructure and enable clients to perform detailed analysis of their investments and make efficient decisions about their holdings.

With the growing allocation to private equity it is critical to reliably project PE cash flows and value. However, this is challenging due to the structure and illiquidity of the asset class, the scarcity of public information, and the high degree of uncertainty about the size and timing of the related cash flows. Moreover, the shift in global trends that led to an increasing importance placed on fair value requires a fundamental change in the valuation approaches to private equity. However, fair value is based on judgement and thus often leads to biases and to minimize this problem, valuation must be performed by independent professionals using industry best practices.

We offer proprietary models for forecasting and valuation of PE cash flows, price, and risk.

Our cash flow model BOSTON (Bow-Speed Time-Option Normalized) offers a robust approach that addresses the needs of the vast majority of PE investors and incorporates volatility to give a more informed performance picture, reflecting the inherent uncertainty of investment cash flows.

Main features: 1. Founded on sound economic principles and broad empirical support. 2. Combines the intuition of the Yale model with our own research insights resulting in a robust approach that addresses the vast majority of investors in private equity partnerships. 3. Incorporates the volatility of the underlying investments using best-of-breed third party risk models to give a more informed investment performance picture, reflecting the inherent uncertainty of investment cash flows. 4. Provides LPs with a measure of the magnitude of potential cash flow shortage in relation to their future liabilities (redemptions, pension outlays, capital expenditure, future unfunded commitments, etc.) 5. Allows GPs to predict the amount and variation of future distributions to optimize the capital call schedules and deal flow, as well as plan the capital resources of their firm in the most efficient way over time. 6. A key component of our risk-aware valuation model EXPLO.

Our valuation model EXPLO (Expected Profit Loss) allows LPs to monitor their investments, screen new opportunities, and develop/adjust their portfolio strategies.

Main features: 1. Independent valuation, not derived from GP appraisals. 2. Available at each point in time and thus suitable as a comparable methodology for bench-marking across periods and funds. 3. Compliant with IPEV and AICPA guidelines. 4. Risk aware methodology. 5. Based on the most advanced research in the industry that does not compromise granularity, attention to detail, methodology rigor, and integrity of the valuation process. 6. Applicable to traditional private equity deals and funds, as well as hybrid structures that incorporate embedded options and contingencies.