David Larsen is a managing director in the San Francisco office of Duff & Phelps and part of the Portfolio Valuation service line. He has more than 30 years of transaction and accounting experience. He specializes in fair value accounting issues, and specifically in valuation, accounting, and regulatory issues faced by Alternative Asset managers and investors.

David advises leading Private Equity Managers and Institutional Investors and has advised numerous strategic and private equity acquirers in all areas of mergers, acquisitions, joint ventures, divestitures and valuation related maters. He provides valuation policy and process assistance to a number of the world's largest institutional limited partner investors and some of the world's largest alternative Investment managers. David is an advisor to and past Vice Chair of the International Private Equity and Venture Capital Valuations Board (IPEV), which in 2015 released updated International Private Equity Valuation Guidelines. He serves as a member of the American Institute of Certified Public Accountants (AICPA) PE/VC Valuation Guide Task Force and as a member of the International Valuation Standards Council’s (IVSC) Financial Instruments working group. David has served as a special advisor to the Institutional Limited Partners Association (ILPA); board member, project manager and technical advisor to the Private Equity Industry Guidelines Group (PEIGG) and was instrumental in developing and drafting the PEIGG Valuation Guidelines; member of the Financial Accounting Standards Board's (FASB) Valuation Resource Group (VRG) responsible for providing the Board with input on potential clarifying guidance on issues relating to the application of the principles of FASB ASC Topic 820 (formerly SFAS No. 157), Fair Value Measurements and a member of the AICPA Net Asset Value Task Force. 

Prior to joining Duff & Phelps, David was a Partner in KPMG LLP's Transaction Services practice, where he was the segment leader of KPMG's U.S. Institutional Investor practice. He served 13 years in KPMG's Seattle, Düsseldorf and Prague audit practices prior to moving full time to advisory work. 

David received his M.S. in accounting from Brigham Young University's Marriott School, his B.S. in accounting from Brigham Young University. He is a certified public accountant (CPA) licensed in California and Washington, certified in entity and intangible valuation (CEIV), and is accredited in business valuation (ABV) by the AICPA. David is a member of the AICPA and the California and Washington Society of Certified Public Accountants and is a FINRA Series 7, 24 and 63 registered representative.

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