Established in 2009
in New York

Footprint in the US and
the rest of the Americas


M&A transactions closed

+USD 12.4 bn
structured and placed

Valuation services and key differentiators

Track record and relevant experience

Funds covered
Assets valued
Years of continuous
Client retention rate

The Firm began offering portfolio valuation services in 2010 with a unique approach. The differentiated service and value proposition were quickly recognized by the market

Valuation practice geographic footprint

North & Central America

  • United States
  • Belize
  • El Salvador
  • Honduras
  • Mexico
  • Panama

Other regions

  • India
  • Turkey
  • UAE

South America & Caribbean

  • Argentina
  • Barbados
  • Brazil
  • Chile
  • Colombia
  • Ecuador
  • Jamaica
  • Paraguay
  • Peru
  • Uruguay

Alternative investment strategies coverage

  • Private Equity
  • Venture Capital
  • Debt
  • Infrastructure
  • Energy
  • Real Estate
  • Natural Resources
  • Agribusiness
414 Capital assists a wide range of clients, from emerging managers to global firms and their investors

Demand for third-party independent valuations

  • Increased scrutiny from investors, regulators, and auditors alike has led to a demand for greater transparency in the reporting and valuation practices of alternative asset managers
  • Many alternative investment managers value investments internally, a process ripe for conflicts of interest and full of potential biases, resulting in a shift away from these self-assessments in the industry
  • Independent valuation advisors provide accurate and reliable valuations of complex and illiquid investments, eliminating the appearance of bias in the valuation process

Benefits of an independent valuation process

Unbiased and objective analysis
Adherence to industry standards and best practices
Transparecy for investors and shareholders
Objective performance measurement
Application of consistent criteria
Critical review of the information provided

Select sample of funds valued on a recurring basis

Event-Driven Valuations

Valuation solutions for a variety of complex situations

414 Capital has earned clients’ trust by bringing clarity to the most sophisticated valuation matters

The team of professionals at 414 Capital leverage the Firm’s investment banking platform and ensure its valuations are based on real-world market dynamics

Event-driven valuation exercises can be performed on a recurring or a nonrecurring basis, depending on client needs

Events and situations

  • Fair market valuations for financial reporting
  • Restructurings
  • Tax planning and reporting
  • Corporate strategy
  • Business combinations
  • Securitizations
  • Impairment testing
  • Transaction advisory
  • Contested situations / litigation
  • Gift, estate and succession planning
  • Bankruptcies
  • Issuer / investor – paid research
  • Collateral financing
  • Transfer pricing & purchase price allocation

Fairness and Solvency Opinions

Why do clients seek Fairness or Solvency Opinions?

Fairness Opinions (“FO") and Solvency Opinions (“SO") are needed for the following purposes:

  • To provide an objective and independent analysis of certain financial elements in a transaction
  • To help decision-makers demonstrate their application of business judgment and duty of care in evaluating a transaction
  • To assist decision-makers in avoiding potential fraudulent transfers or distributions

FOs and SOs are delivered as part of a transaction process, usually prior to the Board of Directors’ approval of the transaction

When are FOs and SOs required?

Fairness and Solvency Opinions are typically issued to support stakeholders in the following types of transactions:

  • Mergers and acquisitions
  • Cross-fund transactions and transfers
  • Takeover bids
  • Related party transactions and transfers
  • Buyouts of minority equity holders
  • Buy-backs
  • Recapitalizations
  • Tender offers
  • Going-private transactions
  • Bankruptcies, liquidations, or restructurings
  • Employee Stock Ownership Plan (ESOP) transactions
  • Spin-offs, split-offs

True independence and experience are key aspects to consider when selecting a third-party provider. 414 Capital’s extensive experience in the field ensures clients are delivered unbiased opinions that withstand external scrutiny

Valuation guidelines & team certifications

414 Capital methodologies comply with industry standards such as IVS, IPEV, IFRS 13 and ASC 820 (US GAAP)

All members of the team are designated Financial Modeling Valuation Analysts (CFI) and some team members are Accredited Senior Appraisers by the American Society of Appraisers, or hold the CAIA designation