Globacap's Myles Milston: How to achieve industry-wide valuation standards in private markets

Increased scrutiny from FCA

The rapid growth of private markets, projected to hit $18trn by 2027, is raising huge concerns about valuation accuracy and transparency.

The ability to independently verify valuations is a necessity but there is still no standardised valuation method for asset managers across the industry. Regulators have taken note. The Financial Conduct Authority is increasing its scrutiny of private market valuations, with a probe analysing how firms are conducting them. This move should be welcomed by investors and industry participants, as it highlights a crucial issue: private market valuations must be backed by solid, unbiased and verifiable data. FCA launches multi-firm review targets private asset managers conflict of inter...