A Retirement Master Trust

Client Profile
The client was a retirement master trust for an industrial holding company. The master trust had invested in two private equity limited partnership interests as part of a diversified investment strategy.
Situation
SSG was engaged to provide an independent valuation of the company’s various private equity limited partnership interests. The two underlying private equity funds operated as a buyout fund and a fund of funds, respectively. Both of the private equity interests had a current capital account value and a remaining commitment as yet unfunded.
Solution
Through several valuation techniques, SSG performed valuations for both of the funds, allowing the master trust to make proper business decisions as to whether to hold or sell the interests on a fund by fund basis.