of William H. Frazier, ASA
Valuation & Financial Advisory
American Society of Appraisers
Non-Marketable Investment Company Evaluation (NICE) Method
I am the author of the chapter “The Cost of Capital of Private Company Interests” in the valuation textbook, The Cost of Capital.
I am also the lead author of the chapter “Discounts for Lack of Marketability” in the forthcoming sixth edition of Valuing a Business-generally regarded as the “Bible” of business valuation.
Another valuation methodology I developed is the “Market Derived Blockage Discount Model”. This model was described in a 2018 article in the Business Valuation Review and was also the subject of a 2020 webinar for the ASA.
Finally, for family law matters, I developed the course “Business Valuations in Divorce – Texas Case Law and Valuation Principles”. The course is an in-depth look at the valuation implications of 15 Texas cases.