Chronograph Partners with IVSC to Enhance Valuation Practices
Chronograph, a leading innovator in portfolio monitoring and valuation technologies for private capital markets, has recently announced its membership in the International Valuation Standards Council (IVSC). This collaboration marks a significant commitment to improving valuation standards and best practices across the worldwide private capital ecosystem.
Alignment of Goals with IVSC
The decision to join the IVSC aligns perfectly with Chronograph's mission to deliver advanced, technology-driven valuation solutions. The IVSC aims to raise the quality and credibility of valuation practices universally, creating a synergy with Chronograph's own dedication to excellence. Currently, the company manages aggregate valuation marks exceeding $1 trillion every quarter, supporting eight of the ten largest private capital general partners (GPs) across the globe. This partnership highlights the influential role technology plays in ensuring compliance with International Valuation Standards (IVS) at scale.
Active Participation in Standards Development
As a member of the IVSC, Chronograph is set to play an active role in the development of valuation standards. The company plans to contribute its technology expertise to enhance IVS guidance and engage in collaboration with valuation professionals around the world. Ensuring that its valuation solutions evolve in line with emerging best practices is a top priority for Chronograph.
Strengthening Valuation Expertise
To augment its expertise in valuation, Chronograph has appointed Sean Thomson as Product Manager for Valuations. Thomson, previously the Technical Manager at IVSC and a valuation expert with experience from renowned firms such as Houlihan Lokey and KPMG, brings invaluable knowledge that will significantly contribute to the company's mission.
CEO's Vision for the Future
Charlie Tafoya, the CEO and Co-Founder of Chronograph, expressed enthusiasm regarding the IVSC membership. He stated, "We are excited to join the IVSC and contribute to addressing challenges faced by valuation professionals. Having experienced numerous obstacles, such as inconsistent standards and manual workflows that impact valuation quality, this partnership empowers us to enhance our contributions to the valuation profession through innovative, technology-driven solutions aligned with IVS in private markets."
Leveraging Membership for Client Education
Chronograph intends to utilize its membership with the IVSC to improve client education and training, participate in thought leadership initiatives, and engage in Investor Forums for direct feedback from the market. Representing over $4.3 trillion in invested capital through partnerships with 13,000 unique funds and 225,000 private companies, Chronograph is uniquely situated to connect traditional valuation principles with modern technology applications, optimizing valuation workflows.
About Chronograph
Founded in 2016, Chronograph seeks to deliver innovative technology solutions tailored for the private capital markets. The company's offerings assist institutional limited partners and general partners, including some of the largest private equity and venture capital investors globally, in streamlining and automating processes related to portfolio monitoring, valuations, and analytics. Chronograph enjoys support from prestigious investors such as Summit Partners, The Carlyle Group, and Nasdaq, Inc.
Frequently Asked Questions
What is Chronograph's role in the private capital markets?
Chronograph provides technology-driven solutions for portfolio monitoring, valuations, and analytics for private capital markets.
What does IVSC membership mean for Chronograph?
IVSC membership allows Chronograph to contribute to developing global valuation standards while enhancing its technology solutions.
Who is Sean Thomson?
Sean Thomson is the new Product Manager for Valuations at Chronograph, bringing expertise in valuation from IVSC and prestigious firms.
How does Chronograph support clients?
Chronograph supports clients through education, training, thought leadership initiatives, and gathering market feedback via Investor Forums.
What impact does technology have on valuation practices?
Technology facilitates compliance with valuation standards and improves efficiency, accuracy, and quality of valuation processes in private capital markets.
