UK watchdog urges private asset firms to improve valuation processes

Britain’s Financial Conduct Authority has urged firms managing private assets to improve how they identify and disclose potential conflicts of interest in valuation processes, as retail investors increase their exposure to non-public assets.

Britain is one of the largest centres for private market asset management in Europe with global demand for private equity, venture capital, private debt and infrastructure assets soaring.

In a speech in October 2024, FCA Chief Executive