商业快报

Revisiting private equity valuations
重新审视私募股权估值

Investors seem more optimistic — but only up to a point
私募估值可能需要更多时间才能充分反映当前的市场状况。
“Why, sometimes I’ve believed as many as six PE NAVs before breakfast.”

A year ago, Harvard endowment’s Narv Narvekar warned that “meaningful” markdowns were coming for private capital funds. So far, they have been remarkably sedate — and investors seem to think that’s about right.

一年前,哈佛捐赠基金的纳尔夫•纳尔维卡尔(Narv Narvekar)警告称,私人资本基金即将出现“显著”降价。到目前为止,它们表现得非常平静——投资者似乎认为这样很正常。

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