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Valuation of Carried Interest in Private Equity and Venture-Capital Firms
Valuation Services

Valuation of Carried Interest in Private Equity and Venture-Capital Firms

Learn more about the challenges of performing carried interest valuations and the impact of the regulatory environment on these engagements.

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NASBA Field of Study

Specialized Knowledge



CPE Credits



Antonella Puca, Sumeet Bhatnagar


3 months

Product Number


 Business & partner 
Product Details

The unique challenges of carried interest and asset manager business valuations

Carried interest is not determined using a precise formula, which leaves some practitioners uncertain as to how to prepare a valuation and, in turn, stay compliant with the many regulatory issues in this area.

In this webcast, participants will learn how to:

  • Consider the facts and circumstances of a carried interest valuation
  • Identify appropriate techniques and assumptions
  • Apply industry-accepted valuation techniques in their own practice

Key Topics

  • Carried Interest
  • Asset management
  • Option pricing

Learning Outcomes

  • Recognize asset management operating structures and carried interest contractual provisions.
  • Identify appropriate valuation techniques and assumptions for carried interest valuations.
  • Recall valuation techniques accepted in industry practice.

Who Will Benefit

Investors and valuation professionals of any level who would like to further their understanding of carried interest valuation

More Details
NASBA Field of Study
Specialized Knowledge
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
1 hr
Do you have an AICPA membership? Log in to apply your member discount.

Group ordering for your team

2 to 5 registrants

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6+ registrants

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Contact us
Antonella Puca
Antonella Puca, CPA/ABV/CEIV is a Managing Director at Management Planning, Inc. (MPI) in New York. Antonella specializes in the valuation of private equity and venture-backed companies for financial and tax reporting, M&A transactions, buy-sell agreements, estate planning, and litigation purposes. With more than 20 years of experience in the alternative investment industry, Antonella has particular expertise in providing valuations of carried interest and portfolio companies at fair value to private equity, venture capital, and hedge funds, including the use of option pricing models and Monte Carlo Simulation. She is the author of Early Stage Valuation (Wiley: 2020) and a frequent presenter and author on valuation and alternative investment topics. Antonella has served as a Board member of the CFA Society of New York and has received the 2021 Volunteer of the Year Award – Valuation Services of the AICPA.
Sumeet Bhatnagar
Sumeet Bhatnagar is a Senior Manager in KPMG’s Economic & Valuation Services practice in New York where he is responsible for the analysis and valuation of a variety of financial instruments for clients in the financial services industry. He has over 17 years of financial valuation experience and has rendered numerous valuations of and debt and equity instruments for financial and SEC reporting, corporate tax planning, mergers and acquisitions, litigation support, and restructuring and bankruptcy.

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