Empire Valuation Consultants, LLC provided a valuation report estimating the fair market value of a 4.7350% limited partnership interest in Black Family Partners, LP as of March 3, 2015. The valuation was requested by Alan Halperin, Esq. on behalf of Mr. Leon Black for estate planning purposes related to a GRAT annuity payment. The report estimated the fair market value to be $91,072,916. The valuation was conducted using various methodologies including the Income, Market, and Asset Accumulation approaches, and considered factors such as marketability and control. The report also detailed the assets and liabilities of the partnership, including investments in Apollo-related entities and other private equity and hedge funds.
documents/EFTA01086168.pdf
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