diff --git a/pytr/transactions.py b/pytr/transactions.py
index 1257f63..25df9b4 100644
--- a/pytr/transactions.py
+++ b/pytr/transactions.py
@@ -218,7 +218,10 @@ def from_event(self, event: Event) -> Iterable[dict[str, Any]]:
             elif event.isin == "LU3170240538":
                 kwargs["note"] = "Apollo"
 
-            assert event.value is not None, event
+            if event.value is None:
+                self._log.warning("Skipping private markets event without value: %s", event)
+                return
+
             kwargs["type"] = self._translate((PPEventType.BUY if event.value < 0 else PPEventType.SELL).value)
             if event.note == "1 % Bonus":
                 yield self._localize_keys(kwargs)
diff --git a/tests/test_events.py b/tests/test_events.py
index 9dba310..37b0666 100644
--- a/tests/test_events.py
+++ b/tests/test_events.py
@@ -1,4 +1,5 @@
 import json
+from datetime import datetime, timezone
 
 from pytr.event import ConditionalEventType, Event, PPEventType
 from pytr.transactions import TransactionExporter
@@ -1882,3 +1883,22 @@ def test_events():
             entry.setdefault("ISIN2", None)
             entry.setdefault("Stück2", None)
         assert transactions == rowtransactions
+
+
+def test_private_markets_order_without_value_is_skipped():
+    formatter = TransactionExporter(lang="de")
+    event = Event(
+        event_type=ConditionalEventType.PRIVATE_MARKETS_ORDER,
+        date=datetime(2026, 3, 9, 7, 56, 12, tzinfo=timezone.utc),
+        title="Private Equity",
+        isin="LU3176111881",
+        isin2=None,
+        shares=0,
+        shares2=None,
+        value=None,
+        fees=None,
+        taxes=None,
+        note="Vorabpauschale",
+    )
+
+    assert list(formatter.from_event(event)) == []