Service 01 — NAV Calculation
Your fund's valuations,
held with care.
A NAV figure is only as reliable as the process behind it. We handle that process methodically — each component documented, each period consistent, every output audit-ready.
What This Delivers
A valuation process you can stand behind
When your fund's NAV is calculated with care and documented at every step, something shifts. You're not just producing a number — you're producing a number with a clear chain of reasoning behind it. That matters to your investors, and it matters when auditors ask questions.
Figures you can explain
Every NAV output comes with component-level workpapers. No unexplained totals. No opaque calculations.
Consistency across periods
The same methodology applied each period. Comparability across your reporting history, reliably maintained.
Investor-ready outputs
Valuations prepared in a format that supports investor confidence, not just internal record-keeping.
The Challenge
NAV calculation is often more involved than it first appears
It's not uncommon for fund managers to discover partway through a period that their valuation process has gaps — accruals not fully captured, asset classifications not consistently applied, or documentation too thin to support an audit without significant rework.
These gaps tend to compound quietly. By the time they surface — in an investor query or an audit request — they've grown into something that takes considerably more effort to address than if they'd been caught at source. Getting the process right from the start is considerably more comfortable than correcting it later.
Where things often drift
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Accruals calculated inconsistently from one period to the next
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Expense treatment not aligned with the fund's documented policies
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Valuation workpapers too sparse to withstand external review
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No clear record of prior-period assumptions or methodology decisions
Our Approach
Careful calculation, from policy to output
We begin by understanding your fund's structure and documented policies — then we apply them consistently, period after period, with full workpaper support.
Policy review and documentation
Before the first calculation, we review and document your fund's accounting policies — valuation methodology, expense treatment, accrual basis. This becomes the reference point for every period that follows.
Component-level calculation
Each NAV component is calculated separately — assets at market value, accrued income, management fees, other expenses — with each figure traced to a source. No consolidated entries without explanation.
Workpaper preparation
Supporting workpapers accompany each NAV output. They show the inputs, the calculations, and the basis for any judgements made — so a query from an investor or auditor can be answered promptly.
Period-on-period continuity
We maintain a full record of every calculation, so comparative analysis is straightforward. Changes in methodology are noted and explained — nothing shifts quietly between periods.
Working Together
What the engagement looks like in practice
Getting started is a structured process, not an abrupt handover. We take the time to understand your fund before any calculation begins.
Scoping conversation
We review your fund structure, the asset classes held, valuation frequency, and any existing accounting policies. This informs the scope and a written quote before anything is agreed.
Policy alignment
We document or confirm the accounting policies to be applied, agree the workpaper format, and set the data delivery schedule. No calculation begins until this framework is clear.
Ongoing calculation
Each period runs to the agreed schedule. You receive the NAV figure alongside the supporting workpapers, in a consistent format. Any questions are addressed promptly.
Audit and query support
When auditors or investors ask questions, we provide the documentation and explanations they need. The full record of prior periods is maintained and accessible.
Investment
Priced on the actual scope of your fund
NAV calculation varies considerably by fund complexity — the number of asset classes, the valuation frequency, the treatment of derivatives or illiquid positions. A fixed-rate quote before we understand your structure wouldn't reflect the real work involved.
Our approach is to scope the work first, then provide a written quote that reflects what's actually required. That way, you know what you're paying for before any engagement begins.
Typical range
USD 2,000 – 9,000
per calculation period, quoted on fund scope
What's included
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Component-level NAV calculation per agreed methodology
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Supporting workpapers for each period
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Documentation of accounting policies applied
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Prior-period archive maintained for audit and query support
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Response to investor or auditor queries on NAV figures
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Consistent delivery on an agreed periodic schedule
Methodology
How rigour is maintained across periods
Good NAV calculation isn't complicated in principle — it's discipline applied consistently. Here's how we keep the standard steady.
Written policy reference
Agreed policies documented before calculation begins. Every judgement has a policy basis.
Source-traced inputs
Prices, rates, and accrual inputs are recorded with their sources. Nothing enters the calculation without attribution.
Scheduled delivery
Outputs delivered on the agreed date, each period. Investors and fund managers can rely on the schedule.
Full period archive
Every period retained with its workpapers. Historical queries resolved without reconstruction.
Our Commitment
Starting should feel straightforward
We ask for a scoping conversation before any engagement is agreed. This isn't a formality — it's how we make sure we understand your fund well enough to do the work properly, and how we make sure the scope and the quote are aligned before you commit to anything.
If, after the scoping conversation, the arrangement isn't right for your situation, there's no obligation to proceed. We'd rather take the time to find that out early than begin work that isn't well-suited to your needs.
No-obligation initial conversation
Written scope and quote before engagement begins
Clear documentation of what's included and what isn't
Getting Started
The path forward is straightforward
If you'd like to explore whether this service fits your fund, the next step is a short conversation. There's nothing complicated about getting started.
Get in touch
Use the contact form on our homepage to introduce your fund and outline what you're looking for. We'll respond within one business day.
Scoping call
A short call — typically 30 to 45 minutes — to understand your fund structure, valuation needs, and timeline. No preparation required.
Written proposal
We prepare a written scope and fee proposal. You review it in your own time, and let us know if you'd like to proceed.
Onboarding and first period
If the proposal suits, we proceed with a structured onboarding — policy documentation, data setup, schedule confirmation — and then begin work on your first period.
NAV Calculation
Ready to discuss your fund's valuation needs?
A short conversation is all it takes to understand whether this service is suited to your situation. There's no commitment at this stage — just an honest exchange about what's involved.
Start a ConversationOther Services
Explore the rest of what we offer
Each service can be engaged on its own, or as part of a broader administration arrangement.
Service 02
Investor Reporting & Statements
Clear, well-presented statements for investors — positions and movements explained in plain language alongside the figures.
Service 03
Reconciliation & Controls Support
Thorough reconciliation of holdings, cash, and transactions. Orderly, well-documented, with calm reporting on any items needing attention.