A revised version of the International Private Equity and Venture Capital Valuation Guidelines (“IPEV Guidelines”) was issued on 17 December 2012. The revised Guidelines are intended to be applicable across all private equity funds and to all financial instruments commonly held by private equity funds. The new Guidelines are effective for reporting periods post 1 January 2013.  

RisCura Fundamentals has summarised the changes to the Guidelines for ease of use.

  • Click here to download the summary of changes and user guide.
  • Click here to download the full Guidelines.

The Guidelines were first posted on

About RisCura Fundamentals

RisCura Fundamentals is the leading provider of independent valuation, risk and performance analysis services to investors in unlisted instruments in Africa. We work in partnership with our clients to deliver the transparency and accountability that is increasingly demanded by investors and auditors. Our clients include private equity funds, pension funds, credit funds, banks and other investors in Africa, and cover industries as diverse as agriculture, retail, manufacturing and the extractive industries.

For more information visit or contact Rory Ord on or + 27 (0) 21 673 6999.