Kavan Pandit

About Kavan Pandit

I have a MS in Quantitative Finance from Northeastern University and am a CFA level 3 candidate. I currently work at Houlihan Lokey as an Associate in their Portfolio Valuation team where we value a range of asset classes like Level 3 Debt securities, Growth/Private Equity stakes, SPACs etc. I have prior work experience of 2 years in the Indian equity markets as a Research Analyst.

Experience

1. Associate

   Houlihan Lokey

   Jul 2024 — Present · Dallas, TX, US

   Led private credit valuation analyses for a publicly listed specialty finance fund with ~$1.6 billion of assets, covering senior secured, unitranche, mezzanine, and structured debt investments. Directed review of credit agreements, fee letters, and amendments; applied loan-level DCF modeling, yield and IRR analysis, comparable spread benchmarking, and credit-risk-adjusted discount rates, with conclusions defensible under public-company reporting and audit scrutiny.2. Prepared and reviewed the valuation of a ~$1.9 billion real estate loan portfolio for a leading private equity fund, overseeing cash flow modeling, collateral and LTV analysis, and discount rate development across senior and mezzanine positions. Partnered with senior officers to prepare a valuation report approved by the Financial Review Committee and addressed technical follow-ups during review.3. Oversaw valuation engagements for alternative asset managers involving over $3.0 billion of investments, spanning complex equity and debt instruments including preferred equity, convertibles, SPAC-related securities, warrants, and real estate-backed assets.4. Reviewed and executed OPM back-solve and hybrid equity valuation methodologies by analyzing investment memoranda, share purchase agreements, articles of incorporation, and complex capitalization structures. Provided technical guidance on enterprise value allocation, investor rights, and sensitivity analysis.5. Supported senior leadership in developing valuation-driven pitch decks and client prospectuses, contributing to a mandate generating approximately $1.5 million in recurring annual revenue.6. Managed and mentored 15–20 analysts as the primary day-to-day execution lead, overseeing workflows for ~400 investments annually across private credit, real estate debt, and complex equity. Allocated workstreams, set analytical standards, reviewed models and memos, and served as the senior technical checkpoint prior to manager and committee review.

Education

• D'Amore-McKim School of Business at Northeastern University

  MS in Qunatitative Finance

  2020 — 2021

• Narsee Monjee College of Commerce and Economics

  Bachelors, Financial Markets

  2015 — 2018

• H.R. College of Commerce and Economics

  Business/Commerce, General

  2013 — 2015