Nov 06, 2025
Private credit is one of the fastest-growing areas in alternative investments, driven by tighter traditional lending and demand for higher yields. But its rise brings valuation challenges—limited transparency, non-standard pricing, and infrequent market activity. How can these assets be accurately valued? What risks might be overlooked? And how should investors assess performance and liquidity? Hear from a specialist tackling these questions, and explore AICPA resources to enhance your valuation analysis.
Key
takeaways
• Industry economics and motivations of stakeholders
and constituents
• Applications and limitations of formal valuation and
accounting guidance
• Characteristics and valuation implications of
payment-in-kind (PIK) features
• Looking beyond carrying values to assess debt
instruments
Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses.
Guest: Susan DuRoss, Managing Director, Global
Head of Valuation, Harvest Investments
Host: Howard Mah-Lee, CFA, CAIA, ABV, Senior
Manager, AICPA Valuation Services
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RESOURCES FOR FURTHER EXPLORATION
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resources, please visit our podcast platform to access
the show notes with direct links.
UPCOMING: Business Valuation School - Dec 1-5, Live online
JUST MISSED: AICPA FVS Conference, Oct 27-29, 2025 - you can purchase sessions and the handouts. Please see here
Accounting and Valuation guides from AICPA If you are an AICPA-FVS Section member see below for free access to these guides
• Valuation
of Privately Held Companies Equity Securities Issued as
Compensation
• Valuation
of Portfolio Company Investments of Venture Capital and Private
Equity Funds and Other Investment Companies
Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content
The FVS Valuation Podcast archives
• 409A
Valuations – What you Need to Know
• SAFEs,
Convertible Notes, and Embedded Derivatives
LEARN MORE ABOUT THE FOLLOWING AICPA
CREDENTIALS:
Accredited in Business Valuation (ABV®) – Visit the
home page and check out the
ABV infographic
Certified in the Valuation of Financial Instruments (CVFI®) – Visit
the
home page and check out the
CVFI infographic
Certified in Financial Forensics (CFF®) - Visit the
home page and check out the
CFF infographic
This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com