The Institutional Limited Partners Association (ILPA) last week endorsed the clarified U.S. Private Equity Valuation Guidelines developed by the Private Equity Industry Guidelines Group (PEIGG).
The National Venture Capital Association refused to throw its weight behind the set of guidelines, which PEIGG proposed in December. The guidelines try to set industry-wide standards for valuing portfolio companies and calculating fund returns.
Instead, the NVCA urged its members to be open and forthcoming with their limited partners.