Private Equity & Venture Capital Firm Valuation

The U.S. private equity and venture capital sectors collectively manage over $11 trillion in assets. With nearly 20,000 active funds across strategies—buyouts, growth equity, early-stage VC, secondaries, and more—this industry plays a central role in capital markets and innovation. As fundraising slows and LP expectations shift, accurate valuations of General Partner (GP) entities are more important than ever for internal planning, M&A, and succession.

What Makes PE/VC Firm Valuation Unique

Valuing a private equity or venture capital firm goes beyond asset valuation—it involves projecting long-term economics and performance alignment:

• Management Fees & AUM Stability: Fee income from committed capital or AUM anchors predictable revenue streams.

• Carried Interest (“Carry”) Waterfall: Expected future performance fees from active funds can represent significant unrealized value.

• Fund Lifecycle & Deployment Status: Younger funds have more upside, while mature ones offer clearer cash flow forecasts.

• GP Commitments & Ownership Structure: Internal capital contributions and profit-sharing arrangements influence valuation for partner transitions.

• Track Record & IRR History: Historical returns impact marketability, LP confidence, and potential for new fundraises.

Key Valuation Metrics for PE & VC Firms

At InteleK, we apply a specialized framework tailored to investment firms:

• AUM & Fee Revenue (Current and Projected): Separates fee-bearing assets from non-recurring revenue.

• Net Asset Value (NAV) of GP Interests: Valuation of the firm’s ownership stakes in underlying portfolio companies.

• Discounted Carried Interest Value: Modeled on hurdle rates, preferred returns, and expected distributions.

• GP Entity EBITDA (Where Applicable): For firms with meaningful operational margin outside of fund economics.

• Fund Vintage, Stage & Strategy Mix: Determines near-term monetization and long-term enterprise value.

• Valuation Multiples: PE/VC GPs typically trade at 5–10× management fee revenue, 0.5–1.5× NAV, or 5–15× EBITDA, depending on maturity, track record, and carry value.

Why PE & VC Firms Need Valuations

Valuations are mission-critical for internal planning, regulatory requirements, and strategic decisions:

• Partner Succession & Ownership Transfers: Supports equity grants, internal buyouts, and next-gen promotions.

• GP Transactions & M&A: Sets fair pricing for external investments in management companies.

• Estate & Tax Planning: Often required for gifting carried interest, IRS reporting, and wealth transition.

• Capital Raising & LP Transparency: Enhances reporting quality and aligns GP-LP interests.

Why Choose InteleK for Your Private Equity or Venture Capital Firm Valuation

InteleK is trusted by fund managers across Silicon Valley, New York, Austin, Seattle, Boston, Chicago, and beyond. Our appraisers hold elite credentials, including:

• Chartered Financial Analyst (CFA®)

• Accredited in Business Valuation (ABV®)

• Accredited Senior Appraiser (ASA®)

• Chartered Alternative Investment Analyst (CAIA®)

• Professional Risk Manager (PRM®)

We deliver three report types to suit different levels of need:

• Indicative Appraisal (Non-Certified) – Ideal for early planning and internal strategy

• Summary Appraisal (Certified) – Suitable for moderate risk or investor discussions

• Detailed Appraisal (Certified) – Full documentation, citations, and audit‑ready analysis for transactions, litigation, or regulatory use

All reports come with a one-on-one appraiser consultation, where we explain the value, methodology, and key insights in plain terms.

Serving PE & VC Firms Nationwide

From emerging venture funds to established buyout platforms, we’ve worked with investment managers at every lifecycle stage. Whether you’re onboarding new partners, seeking liquidity, or exploring a GP stake sale, our valuation services are built to guide your firm forward.
InteleK Business Valuations & Advisory proudly serves clients across the United States, including:
📍 San Francisco, Los Angeles, Austin, New York, Miami, Seattle, Denver, and More (visit State page selector)