Brian Garfield
Managing Director & Global Head of Portfolio Valuations
New York Valuations & Opinions bgarfield@lincolninternational.com +1 (212) 277-8105I enjoy sharing private capital market insights and valuation trends with my clients, while also leading a differentiated and high-touch process.
Brian serves as the Global Head of the portfolio valuations practice within Lincoln’s Valuations & Opinions Group. He provides valuation and transaction opinion services to public and private alternative asset managers. Brian performs valuations and advisory services across the private capital market spectrum, including private credit, private equity, venture capital, hedge funds, opportunity funds, pension funds, banks and mutual funds. He specializes in estimating the fair value for an array of financial instruments, including direct investments in senior, unitranche and subordinated loans, as well as preferred equity, common equity, option and warrants. His expertise also includes valuing secondary fund interests, co-investments, and GP stakes. Over the course of his career, Brian also has performed independent valuations on behalf of his clients for both financial and tax reporting purposes, including valuations in connection with stock-based compensation, goodwill impairment testing and purchase price allocations.
Brian stays abreast of changing industry dynamics and how those factors impact valuations. He is a frequent speaker at private capital market industry conferences and applies in-depth industry and transaction experience to provide unbiased insights and true perspective.
Prior to joining Lincoln, Brian spent more than six years at Duff & Phelps, LLC, where he advised a wide range of alternative asset managers.
Brian earned a Bachelor of Science from Pennsylvania State University. He is a Chartered Financial Analyst and an accredited senior appraiser. Brian is also a member of several valuation professional organizations and currently serves on the advisory board of the Private Equity CFO Association.
Perspectives & Publications featuring Brian Garfield
News & Media featuring Brian Garfield
Pensions & Investments | Private Credit Accelerates Valuation Frequency Amid Transparency Scrutiny
Originally published by Pensions & Investments on April 1, 2026. Tighter liquidity and slower exits are two factors pushing the private capital markets into a tougher phase, making a faster… Read More
WSJ | New Benchmarks Aim to Pierce Opaque Private Credit Market
Originally published by The Wall Street Journal on February 24, 2026. Lincoln International’s proprietary indexes have helped bring greater transparency and consistency to private credit benchmarking for nearly a decade.… Read More
Fortune | Private Credit Deals See a Rise in ‘Bad PIKs’ Showing ‘Cracks’ in the Market for Corporate Debt
Originally posted by Fortune on November 21, 2025. The broader private credit market is healthy, but there is an increased number of companies taking on new debt featuring “payments-in-kind,” or… Read More
In the Headlines: Lincoln’s Q3 2025 Indexes
Insights and data from Lincoln’s Q3 indexes from our Valuations & Opinions Group were recently featured in several publications. Bloomberg Private Companies Are Being Taken Over by Lenders at Brisk Pace… Read More
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