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"The 2009 interim valuation being published today by the scheme trustees shows that the scheme's deficit has increased from £470m in 2008 to around £2bn," they said.
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Silicon Valley could adopt new investment structures, to make interim valuations less of a sport.
Interim valuations, particularly in start-up companies, whose worth, if any, lies far in the future, are difficult.
They also contend that interim valuations are less important to investors in private equity funds than investors in other vehicles like hedge funds.
Well there's one big reason many entrepreneurs care about interim valuations so much: They are cashing out significant portions of their shares at these mega rounds.
It's important to remember that interim valuations are interesting data points, but it's money in the bank that's the ultimate measure of value and return for investors.
Having valuations in the interim, the industry argues, is a needless expense.The second objection is that the directive seems to require everyone from managers through prime brokers to custodians to be based in the European Union.
One further limitation is that the 5L index values were obtained from the interim mapping generated by the EuroQol group since the valuation study for the 5L in Thailand has not been completed yet.
The index value of the 5L was obtained from an interim mapping generated by the EuroQol group [ 26] as the valuation study of the 5L in Thailand has not yet been completed.
"Our agreement with Kohlberg represents an exceptional valuation for our shareholders, while also representing an important next step in the growth of Steinway," Michael Sweeney, chairman and interim chief executive of Steinway, said in a statement.
2. Valuation.
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CEO of Professional Science Editing for Scientists @ prosciediting.com