The global spread of COVID-19 is having a significant impact on the global economy and financial markets. At the same time, geopolitical forces have driven oil prices to lows not seen since 1999.
Given the state of the market, valuation of illiquid investments has become a topic of interest for asset management clients. Asset managers who invest in illiquid assets are facing a very challenging first quarter. To help address these challenges, the following three articles, written by the KPMG Valuations team, provide insights on the current market volatility as well as highlight some key valuation considerations for Q1 for financial reporting purposes under US GAAP.