There is a “big opportunity” for valuation practitioners as well as accounting and attestation firms as a result of the new SEC rules designed to enhance the regulation of private fund advisers, remarked Justin Kuczmarski (NAV Valuation & Advisory LLC) during a session at the 2023 ASA International Conference recently in New Orleans. Increased disclosures and reporting will trigger a greater need for independent valuations and advising clients on the more burdensome compliance needs. These new rules are “very contentious,” and there will be pushback charging that the SEC does not have the authority to promulgate these new laws, so this is something to keep an eye on.