LONDON (March 16, 2020) — IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that Aberdeen Standard Investments, a leading global asset manager, has selected IHS Markit to perform independent valuations on its level three private debt holdings.

“IHS Markit Private Equity Valuation Services enable us to add additional governance in our level three assets which are held in a number of our portfolios,” said Iain Murray, global operations change & governance manager at Aberdeen Standard Investments. “Having an external partner in this space brings independence and operational efficiencies to an area needing specialist skills.”  

“We are delighted to welcome one of the world’s premier investment firms to our community of more than 300 clients,” said Leon Sinclair, head of Private Equity Valuation Services at IHS Markit. “The increasing scrutiny on alternative investments from auditors, regulators, international bodies and end investors creates a considerable challenge for asset managers as funds in these strategies grow rapidly each year.”

As private assets under management continue to grow, regulations like AIFMD, IFRS9 and updated guidance from the American Institute of Certified Public Accountants (AICPA) and International Private Equity Valuation (IPEV) have fundamentally changed the reporting requirements for level three illiquid assets. To help asset managers adapt, IHS Markit provides independent valuations which support the mandate for greater transparency across private markets.

“Given the growth and importance of this strategy for our organization, having the right partner is key,” continued Murray. “We are impressed with the forensic quality of the service IHS Markit offers and are convinced that this helps us to deliver a best-in-class solution for our clients.”

IHS Markit delivers valuations for seldom traded infrastructure assets, private debt and unlisted equity positions. The Private Equity Valuation Services use high-quality data, proprietary methodologies and expertise from more than 5,000 industry research professionals across all major sectors. It is designed to satisfy the post-trade statutory fair valuation and policy requirements of investors, regulators and auditors for the independent calculation of asset values.

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About IHS Markit ( www.ihsmarkit.com)

IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

About Aberdeen Standard Investments ( https://www.aberdeenstandard.com)

Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients. With over 1,000 investment professionals, we manage £525.7 billion* of assets worldwide. We have clients in c.80 countries supported by over 40 offices globally. This ensures we are close to our clients and the markets in which we invest. (*as of 30 June 2019)

 
We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance. Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2020 IHS Markit Ltd. All rights reserved. 

News Media Contacts:

Timothy Barello

Press Team

IHS Markit

+1 303 858 6417

+1 646 679 3463

press@ihsmarkit.com

timothy.barello@ihsmarkit.com