Level 2 Inputs

Level 2 Inputs refer to the observable market data used to value assets that don’t have active, readily available prices. These inputs include quotes for similar assets, interest rates, or other relevant market information that can be observed outside of the asset itself but aren’t directly visible in the market. They help in estimating the fair value of complex or less liquid assets by providing additional context beyond the basic price information. Essentially, Level 2 Inputs are data points from comparable or related market activities that assist in making more accurate valuation assessments when direct market prices are unavailable.