Expert Leadership

Our team has dedicated and experienced portfolio valuation specialists who can be integrated into an existing valuation process, or assist in the development of a new process. eVal has the ability to provide portfolio valuation services that are not inhibited by audit-related relationships that can annul a valuation relationship on short notice.

eVal Solutions’ professionals bring extensive experience, unique understanding and pragmatism to all engagements. Our advisory services in distressed situations provide the solutions sought by the constituents in complex situations both in and out of court.

Meet our executive team

Michael Athanason

Managing Director

Michael Athanason is a Managing Director in eVal’s Valuation services practice in New York. Prior to joining eVal, he was US National Leader of the Alternative Investments Valuation practice at both KPMG and BRG. He was Leader of Duff & Phelps’s Portfolio Valuation Practice from its inception in 2005 and built that practice to its present size. Michael has over 25 years of valuation and corporate advisory experience and focuses on valuation advisory and value management of alternative asset portfolios and has helped multiple clients prepare for SEC presence exams. Since 2004, he has been continuously engaged by private equity, private debt, infrastructure and real estate investors to provide periodic fair market valuations for financial reporting and acquisition/divestiture projects.

Michael graduated from Florida Institute of Technology with a Bachelor of Science in Ocean Engineering and received his MBA from Georgetown University.

Tony McNulty

Senior Advisor

Tony McNulty is a Senior Advisor in eVal’s Valuation services practice in New York.

Before joining eVal, he was the Senior Vice President of Portfolio Management at General Atlantic. With over 20 years of experience in private equity operations, he held a broad management position including valuation, data collection / management / analysis, LP reporting, regulatory support, strategic planning and operational improvements. His role was instrumental as the firm expanded from approximately 30 portfolio companies (~$2 billion capital) to upwards of 110 portfolio companies (~$30 billion capital).

Tony graduated from Colgate University with a Bachelor of Arts in Political Science and received his MBA in Finance from the Stern School of Business at NYU.

Alternative Investments Valuation

Our team consists of valuation specialists from Big 4 audit firms, independent valuation firms, and PE and infrastructure funds, and is specifically focused on:

Performing periodic portfolio valuations
Developing, monitoring and adhering to funds’ portfolio valuation policies and procedures
Leveraging financial modeling and data management technology platforms to effectively and transparently perform and report on valuations of the same companies/assets over time
Supporting audit teams on valuation-related issues as part of the fund’s annual audit

Industry Leading Experts

eVal integrates deep industry insight on every engagement with an extensive bench of experts who can provide direct and actionable insight to:

Finance and operations teams
- Benchmark our valuation with current industry realities
- Direct participation with input of key value drivers, revenue and cost drivers, impacts of recent/pending industry events, etc.
- Capital markets experts with banking, investor and rating agency experience who have structured transactions
- Valuation specialists with relevant professional designations: CEIV, ASA, ABV, CFA, CAIA, CRE, MAI, MRICS
Deal teams and investment committees
- M&A opportunities, deal advisory, operational improvement advisory, etc.