Uncertainty associated with the global COVID-19 pandemic and the related government and public health officials’ actions to reduce the spread of the COVID-19 disease has resulted in dramatic public market volatility and significant economic uncertainty. Investment companies are facing the need to exercise significant informed judgment given the current economic climate as they estimate and report to investors the fair value of non-traded and infrequently traded investments throughout 2020 and beyond.
Investment company managers (general partners or GPs) and their