金融市场

Private company valuations defy fall in listed stocks, adviser says

Hamilton Lane warns venture capital-backed companies face downgrades
Hartley Rogers, chair of Hamilton Lane, said ‘valuations broadly in the private markets are fair’

Fears that private investments are due for a price crash to match the drop in stock markets are overblown, says a prominent manager and adviser for private portfolios.

The conclusion from Hamilton Lane, with $832bn in assets under management and supervision, stands in contrast to warnings from JPMorgan and others that valuations of private companies may be too high or are coming down. While listed equities trade daily, private equity holdings are assessed less frequently and their values have not moved down as sharply since early 2022.

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