Private‑Equity & Fund NAV Valuation
Valuing private equity funds and their portfolio holdings is a nuanced exercise — involving illiquid assets, irregular cash flows, rights and obligations across classes, and fund-specific valuation policies.
At Synpact Consulting, we deliver robust Fund & NAV Valuation services to general partners, limited partners, and fund administrators — offering transparent, defensible valuations that meet internal, audit, and regulatory expectations.
Our approach integrates best practices from the private equity industry, international valuation standards, and fund reporting conventions to produce valuations you can trust.
Why Choose Synpact for Fund / NAV Valuation
- Specialist Fund Experience: Deep knowledge of private equity, venture funds, infrastructure funds, real estate funds.
- Policy‑Driven Valuations: Structured in accordance with ILPA, AICPA, and local fund guidelines.
- Independent & Audit‑Ready: Reports designed for auditor review, LP committees, and compliance.
- Portfolio-by-Portfolio Calibration: Customized valuation per holding — dealing with illiquidity, control premiums, minority discounts.
- Transparency & Documentation: All assumptions, adjustments, and methodologies clearly explained.
- Timely Reporting: Typical valuations delivered within defined fund closing timelines.
- Flexible Engagements: Supports quarterly, semi‑annual or event-triggered valuations.
Our Private Equity & Fund NAV Valuation Services
NAV Valuation & Reporting
Determination of net asset value per share/LP unit for fund reporting.
Aggregation and reconciliation of portfolio valuations, liabilities, and capital calls.
Adjustment for management fees, carry, reserves, and side‑pockets.
Portfolio Company Valuation
Valuation of each underlying holding using DCF, comparables, transaction multiples, adjusted for illiquidity.
Adjustments for minority interests, control premiums, or discount for lack of marketability.
Side‑Pocket & Credit / Distressed Assets
Separate valuation of side‑pocket assets or distressed investments with altered liquidity profiles.
Scenario modeling for recovery paths and impairment triggers.
Fund-level Sensitivity & Stress Testing
Sensitivity analysis on valuation assumptions (growth, discount rates, exit multiples).
Stress testing under downside / adverse market scenarios.
LP / GP Reporting & Waterfall Modeling
Waterfall calculations to allocate realized and unrealized returns between LPs and GPs.
Profit allocation, carried interest, hurdle rate calculations, and clawback provisions.
Process & Workflow
- Engagement Kick‑off – Understand fund structure, reporting frequency, prior valuations, and LP agreements.
- Data Collection – Gather financials, portfolio performance reports, market data, and historical valuations.
- Individual Asset Valuation – Apply valuation techniques to each portfolio holding, including adjustments.
- NAV Synthesis – Consolidate assets, liabilities, reserves, and adjustments into net fund value.
- Review & Reporting – Deliver NAV report, supporting workpapers, sensitivity tables, and LP summary.
Industries & Use Cases
Industries / Sectors Covered:
- Private Equity / Venture Capital
- Real Estate / Real Assets Funds
- Infrastructure / Energy Funds
- Credit & Distressed Funds
- Alternative Asset Funds
- Fund-of-Funds
Use Cases:
- Quarterly / Semi‑annual NAV reporting to LPs
- Valuations for new capital calls or redemptions
- Side‑pocket structuring & valuation
- Fund audits and GP/LP reporting
- Internal IRR / performance modeling
Frequently Asked Questions (FAQs)
Q: What does NAV valuation involve for private equity funds?
A: It involves valuing all assets and liabilities in the fund, adjusting for reserves, side‑pockets, and then computing net value per LP share/unit.
Q: How do you handle illiquid portfolio companies?
A: We apply appropriate discounts, scenario analysis, and use multiple valuation techniques to triangulate a defensible value.
Q: Can Synpact support waterfall and carried interest modeling?
A: Yes — we model profit allocation between LPs and GPs, hurdles, carry, clawback provisions, etc.
Q: How often should NAV valuations be done?
A: Funds usually perform quarterly or semi‑annual valuations, or event-driven updates (capital calls, exits).
Q: What deliverables do you provide?
A: Full NAV valuation report, asset valuation schedules, sensitivity analyses, waterfall model, and summary memo for LPs.
Call to Action
Need a defensible NAV or fund valuation for your private equity or alternative fund? Synpact Consulting is ready to help with accurate, transparent, and audit‑grade valuations.
Contact: info@synpactconsulting.com to request a consultation or sample NAV report.