Valuations Discounts in Tiered InvestmentsValuations Discounts in Tiered Investments

Issue: What type of asset (a general partner or limited partner) has a more viable discount rate.

Chart Shows: Different asset classes, control and distribution of a tiered entity mean a greater illiquidity implement for a limited partner.

For More Information: See William H. Frazier “Valuation Discounts in Tiered Investments,” Trusts & Estates, October 2010, p. 55.