Stout was retained by an infrastructure alternative asset manager to provide quarterly valuations for its data center platform investment. The asset manager’s investment consisted of a majority stake in a data center platform company planning to develop up to one gigawatt of capacity in the western U.S.

Our client needed defensible, audit-ready mark-to-market valuations each quarter to satisfy Accounting Standards Codification 820 fair value reporting requirements for its limited partners.

Valuing the client’s equity stake required capturing value between current billed capacity versus the value being placed on projected growth capacity and lease activity associated with the development platform. The valuations also captured market factors, such as the platform company’s ability to secure land control and power access in locations where infrastructure was more readily available compared to competitors.

Stout has also supported this alternative asset manager across other infrastructure and real estate investments in its broader portfolio.