Basis of Valuations. Valuations for the Investee Companies in the periodic statements are in accordance with the International Private Equity Valuation (IPEV) guidelines as adopted by the British Venture Capital Association (BVCA) and will reflect Blackfinch’s good faith effort to ascertain fair value of the portfolio based on valuation information believed by Blackfinch to be reliable. The performance of the portfolio will not be measured against any stock market or other index.
Basis of Valuations. Valuations of the investment in the periodic statements will be based upon what Blackfinch believe to be suitable valuation techniques of the underlying trading companies. The performance of the portfolio will not be measured against any stock market or index
Basis of Valuations. (1) Each valuation of the Property carried out pursuant to Clause 19.1 (The Initial Valuation) or 19.2 (Re-valuations) shall:
Basis of Valuations investments quoted, listed or regularly dealt on a recognised investment exchange will be valued at their middle-market quotation on that exchange unless stated otherwise. Unquoted investments will be valued at cost or such other value as we may consider appropriate at the time. Current exchange rates will be applied when valuing holdings in foreign currencies. We reserve the right to adopt any other method of valuation when we have reasonable grounds for believing that another approach more accurately reflects the market value of a particular investment.
