Solutions

NAVcasting™ prices private funds the way markets price public ones: a fair-value estimate for every fund, every week or even daily, in place of quarterly GP marks that arrive late and move slowly.

Provide a fund’s cash flows and reported values; receive weekly NAVcast™ estimates, reports and spreadsheets for each fund and for the portfolio.

• Fair value today: a NAVcast™ for every fund, weekly or even daily.
• Estimate the GP’s report: what the manager would report today (on any date).

• True risk and return: market risk (beta), excess return (alpha) and fund-specific risk, with the smoothing removed.
• Realistic Sharpe ratios: risk-adjusted returns that aren’t flattered by smoothed marks.
• Diversification, honestly measured: how much a fund really moves with public markets.

• Understand manager smoothing: how much, and how slowly, each manager’s reported values follow the market.
• Liquidity preferences: how quickly a manager returns cash once value is there.
• Reporting shifts (and noise): detect when a manager’s reporting behavior changes.

• Nowcast cash flows: expected distributions through time.
• Scenario forecasts: fund and cash-flow outcomes under an unlimited range of user-selected scenarios.
• Policy-target monitoring: allocations against targets, using fair values that move with markets (the denominator effect).
• Third-party valuations: blend in (quality) outside valuations when you have them.

Anchor your expectations with Best-in-Class Portfolio Analytics & the latest advances in private-markets research, with Thea.