Oxford Programme on Valuation of Private Assets

Access private markets expertise to make better investment decisions

Start date:


  • 5 days

Time commitment:

  • Short programme


  • Oxford


  • £8,500 plus accommodation (£1,200)

About the programme

Private markets are a fast-growing area of finance and an important asset class in investor portfolios.

Corporate buyers look for ways to add new technologies and products to their platforms through acquisitions of mature companies and startups. Buyout and venture capital managers are actively looking for ways to deploy capital. Increasing investor allocations fuel the expansion of private credit, infrastructure and real estate. Environmental, social, and corporate governance (ESG) and impact investing are top of mind for many institutions.  

These dynamics lead to an increased activity in private markets. Professionals who want to remain fluent in financial markets need to sharpen their valuation toolkit and stay up-to-date on current trends. This in turn, will allow them to take full advantage of the plethora of opportunities in private assets. 


On this programme you will gain hands-on valuation experience across: 

  • Early-stage companies 
  • Mature companies 
  • Private credit 
  • Infrastructure 
  • Real estate 
  • Emerging markets 
  • ESG and impact investing 

What you can expect from this programme


To you

  • Understand the valuation of illiquid investments  
  • Structure transactions that meet the demands of both entrepreneurs and investors   
  • Improve your due diligence skills and present stronger deals to the investment committee  
  • Discuss real-life transactions with experienced executives  
  • Expand your professional network and enhance your value on the job market 
  • Lifetime membership of the Oxford Business Alumni Network


To your organisation

  • Enhanced due diligence process and strategic decision-making  
  • Sharper assessment of the risks, opportunities and rewards of new investments  
  • Stronger position in transaction negotiations  
  • Incorporate ESG and social impact investing into your organisation 
  • The confidence to consider business opportunities in a new asset category or geography

Programme outline

Day one: The private assets landscape

  • The world of illiquid assets
  • Valuation principles
  • Real Estate Valuation
  • Private Credit
  • Impact investing case study: affordable housing.

Day two: Venture and negotiation tactics

  • Valuing start ups
  • Term sheets negotiations 
  • Valuing private assets at scale
  • Valuation mind games and negotiations 

Day three: Due diligence, infrastructure and emerging markets

  • Due diligence 
  • Financial modeling  
  • Common valuation mistakes 
  • Valuation in emerging markets 
  • Infrastructure valuation 


Day four: Advanced valuation topics 

  • Advanced valuation issues 
  • Valuation disputes 
  • Valuation of digital assets 
  • Dealmaking and price negotiation 

Day five: Valuation disputes and discussion 

  • Dispute resolution: role play 
  • Social impact discussion 
  • Hot valuation topics 


Lifetime membership of the Oxford Business Alumni Network.

Class profile

  • 10+ years of professional experience in the financial sector
  • 5+ years of experience in investments and/or mergers and acquisitions, with a knowledge of private assets
  • Responsibility for investment decisions within organisations

What our participants say

This was an outstanding course! An A+ group of professors, the curriculum was on point and Oxford is a spectacular venue.

Jack Rose

Principal, Iron Rings Holdings

Meet the faculty

The programme is co-directed by Ludovic Phalippou and Anna Koscielecka and delivered by a team of professors from Oxford’s finance faculty, who have researched, taught and consulted in areas covered by this course, including entrepreneurial finance, buyouts, impact investing, private credit and real assets. They have also authored some of the best-selling books on these subjects.

Industry expert contributors

Participant experiences

'Entering the programme, my expectation was to better understand the differences in traditional valuation for assets or infrastructure versus start-ups. I can positively say the programme exceeded my expectations.'

After completed the Oxford Real Estate Programme, Manuel shares how Oxford's genuine commitment to foster meaningful networks was replicated on the Valuation of Private Assets Programme, and how this combination of lectures and group work created a wonderfully dynamic environment to develop to work in global markets.

Bahaa Eddine Sarroukh, Impact Investment and Innovation Lead at the Philips Foundation, was also no stranger to us after completing the Impact Investing programme. He embarked on the Valuation of Private Assets Programme and explains how he felt the learning environment encouraged deeper learning and offered ongoing support even after the classes ended.

He says 'During the programme, I started to see financial model numbers in a whole new way'.


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