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 pace of valuations and greater transparency increasingly crucial. In 2025, Lincoln International performed 25,000 portfolio company valuations, including private credit and private equity, and 30% of those were done more frequently than quarterly.
Brian Garfield, Managing Director and Global Head of portfolio valuations, recently shared his insights with Pensions & Investments.
“It’s not a new trend to see valuations being done more frequently than quarterly in our seats, and we’ve seen that growth occur terms of the number of…asset managers using a third party on a more frequent cadence, alongside the increasing redemption subscription activity that you see in the private capital markets,” Brian said.
Summary
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Lincoln International shares insights into the critical nature of more-frequent valuations for private companies.
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I enjoy sharing insights about market and valuation trends with my clients, while also leading a differentiated and high-touch process.
Brian Garfield
Managing Director & Head of U.S. Portfolio Valuations
New YorkRelated Perspectives
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