Definition: The value of a fund’s assets minus its liabilities, typically expressed on a per-share basis. NAV represents the value of each investor’s share in the fund and is usually calculated periodically by fund administrators.
Example: A fund with $115.1 million in total assets and $20.02 million in total liabilities would have a total NAV of $95.08 million. The per-share NAV is calculated by dividing this amount by the total number of shares outstanding.
Explore IVP Shadow Accounting Services
IVP Shadow Accounting Services help buy-side firms independently calculate and validate NAV, providing earlier visibility into portfolio valuations, transactions, and accounting records before the administrator’s final NAV is delivered. The service enables hedge funds and asset managers to outsource full or partial accounting functions, improving operational efficiency and scalability while supporting a variety of fund structures and accounting platforms.
