Valuation & Reporting Guidelines
The Australian Investment Council is a Founding Member of the International Private Equity and Venture Capital Valuation (IPEV) Board. The IPEV Board is comprised of senior and highly-experienced professionals within the private capital investment community from a range of jurisdictions around the world.
The IPEV Board’s primary objective is to develop and maintain a globally-consistent set of guidelines for a principles-based approach to the valuation of unlisted assets held by private capital investors. The guidelines are specific to our industry and are developed in close collaboration with international accounting standard setting bodies to ensure consistency with international frameworks for the preparation and presentation of financial information.
The current version of the IPEV Valuation Guidelines was released by the IPEV Board in December 2018, and Special Valuation Guidance released in March 2020.
The Australian Investment Council has for many years encouraged all member firms to adopt the principles set out in the IPEV Guidelines to assist in sharing transparent and consistent data with investors on a periodic basis.
Visit the International PE & VC Valuation Guidelines website for more information about the IPEV Board and the mechanisms used to develop and periodically maintain the international standards.
Questions about Australia’s representation at the IPEV Board can be directed to email@example.com.
International Investor Reporting Guidelines
The Australian Investment Council encourages the use of a standardised reporting framework for the sharing of investment specific information between fund managers and their investors.
In 2016, the Institutional Limited Partners Association (ILPA) released a global leading practice reporting template for use by private capital investors all around the world. The ILPA Reporting Template has been rolled out in many developed markets globally, and the framework has been adopted and used by a range of fund managers and investors here in the Australian market. The reporting template covers specific data relating to fees, expenses and carried interest, and is a helpful tool in bringing about consistency and uniformity in reporting.
ILPA is continuing its work globally to enhance and improve the reporting framework, with further updates to the toolkit expected in the near future.
The ILPA reporting template can be accessed through ILPA’s website.
Non-Disclosure / Confidentiality Agreement Template
This template can be used as a guide to ensure information given to investors is provided on the basis that the investor will maintain and protect confidentiality between parties. It can be adapted to individual circumstances as appropriate.
Click here to access ILPA’s model non-disclosure agreement.