Valuation requirements in private markets

Luxembourg's fund and private-market sectors require valuation teams to assess portfolio companies, private debt, infrastructure, and holding structures at regular reporting dates. Discount rates and market inputs therefore need to be current, consistently applied, and supported by documentation that can be reviewed by valuation functions, auditors, and other oversight bodies.

smartZebra will use the summit to discuss how professionals obtain and document the market data used in these analyses. The platform brings together cost-of-capital inputs and comparable-company data for a selected valuation date, with access to underlying sources and calculation steps.

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Topics for discussion

Luxembourg sits at the centre of European fund structuring, which makes it one of the most demanding valuation environments anywhere. Portfolio companies, private debt, infrastructure and holding structures all need defensible discount rates, and they need them at every reporting date rather than once a year.

That is the problem smartZebra was built to solve. Instead of assembling risk-free rates from central bank sites, betas from one source, market risk premia from a study and credit spreads from a broker note, our platform delivers every cost of capital component from one database, at your valuation date, with the raw data and the calculation path attached.

For anyone whose work is reviewed by an AIFM valuation function, an auditor or the CSSF, that traceability matters as much as the number itself. If you are attending the summit, we would be glad to discuss with you:

• Peer group construction – AI-assisted screening across 50,000+ listed companies ‍
• Beta factors – flexible valuation dates, return intervals, reference indices, tax shield and debt beta settings, with statistical quality metrics ‍
• Market risk premia – implied and historical approaches side by side, with the reasoning documented ‍
• Credit spreads and cost of debt – terms from 1 to 30 years, sector-specific or across sectors, useful for private debt work ‍
• Country risk premia – for cross-border structures and emerging market exposure ‍
• Valuation documentation – full audit trails, raw data download and Excel export

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Event information

The LVPA's stated aim is to lift the standard of valuation practice in Luxembourg and to make the country a centre of excellence for the profession. Its work on the Certified Valuation Professional credential, developed in partnership with EACVA, points in the same direction. Standards only work if the underlying inputs are consistent and reproducible. As IVS adoption deepens and supervisory expectations tighten, the question of where a discount rate came from is asked more often, and answered in more detail. That is a conversation we are keen to be part of.

The LVPA Annual Valuation Summit takes place in Luxembourg on 23 September 2026. Registration details are available through the Luxembourg Valuation Professionals Association. Participants can contact smartZebra in advance to arrange a discussion about discount rates, comparable-company analysis, or valuation documentation.

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Try smartZebra beforehand

✅ Start your free trial with smartZebra, and determine cost of capital, beta factors and multiples in minutes – no credit card needed, and the access expires automatically.

More know-how on specific modules & solutions: Transfer Pricing · Cost of Capital · Beta Factors · Multiples · Interest Rates