Mainville Quoted in Private Funds CFO

Some GPs Left Scratching Heads After IPEV Rule Change

In a recent article, Private Funds CFO discussed GP questions surrounding the recent rule change from the IPEV with VRC Senior Vice President. Francis Mainville:

As time goes on firms” need to document why the expectations are the same as the recent investment or how and why perhaps those expectations have changed since that last investment,” says Mainville. “Expectations in the VC world may or may not change significantly over time, absent material developments. If developments since ‘at investment’ do not support materially different exit expectations, holding value flat to ‘at investment’ may be the right answer if supported sufficiently with documentation.”

Read the full article on the Private Funds CFO website here: Some GPs left scratching heads after IPEV rule change