Definition: A valuation of a fund’s assets that is calculated independent, in parallel to the official NAV calculated by the fund administrator.
Example: Hedge funds and private equity funds use the shadow NAV to verify complex, illiquid asset valuations and detect potential calculation errors by administrators.
Explore the IVP NAV Solution
The IVP NAV Solution can be used to establish a shadow NAV. It enables real-time NAV finalization for multiple funds with complete traceability for specific NAV components. It centralizes NAV oversight in one intuitive experience with automated exception identification and trend analysis, so asset managers can quickly and easily remediate NAV anomalies at the key component, share class, and security level.
