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Fund lifecycle and operations

NAV (Net Asset Value)

NAV (net asset value) is the estimated value of a fund’s assets, including cash and investments, minus its liabilities at a specified date. Private-company values rely on the fund’s valuation policy, and reporting frequency varies.

Example: Assets valued at $80 million less $5 million in liabilities produce a NAV of $75 million.

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Knowing the language helps you follow the conversation. Knowing what to ask is how you participate in it.

Understanding the terms is a first step. The Aligned Capital Program uses them to teach you how to evaluate a fund and prepare the questions to ask its manager.

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