Data Layer
Institutional-grade market data
Auditable sources for comps and benchmarks.
- Provenance per data point
- IFRS 16 where relevant
- FX and macro feeds
Product vision · Private equity · Recurring valuations
The ultimate valuation solution for PE firms
What it takes to turn a quarterly fire drill into a defensible, automated, auditable process — from data ingestion to auditor-ready valuation output.
Educational — not legal or audit advice.
Standards
IPEV 2025 · AIFMD II
Audience
Mid-market PE · VC · GPs
Cadence
Quarterly + Ad hoc
Geography
EU-first
Time sink
4–6 weeks per quarter burned on Excel, version control chaos, and analyst hours that do not scale.
Audit fragility
No clear lineage from market data to assumption to NAV.
Method inconsistency
Different analysts apply different approaches across the portfolio.
Data plumbing
Manual comp pulls, stale multiples, no single source of truth.
The six pillars
What the solution must do
Every pillar below is a necessary condition.
Method Engine
Multi-method valuation with policy
The firm defines its policy; the system enforces it.
- IPEV-aligned selection
- Weighting rules
- Sensitivities
- VC methods
Audit Trail
Lineage from input to NAV
Timestamped sources, owners, approvals.
- Append-only versioning
- Sign-off workflow
- Export package
Workflow
Recurring cadence in-product
Cycles, locks, routing.
- Quarterly templates
- Rollforward deltas
- Escalations
Reporting
Outputs ready for sign-off
Memos and packages when the period locks.
- NAV bridge
- PDF memos
- AI-assisted commentary
Compliance
AIFMD II and IPEV 2025 by design
Embedded in workflows; EU-first posture.
- Method rules
- AIFMD fields
- Hosting commitments
- Change logs
How a quarter closes
The recurring valuation workflow
Ingest
Financials in; market data refreshed.
Calculate
Multi-method per asset.
Review
Deltas; overrides with rationale.
Approve
Sign-off; period locked.
Deliver
Memos and regulatory fields.
Method coverage
Valuation methods the engine must support
See the interactive PE/VC decision tree for triggers and IPEV pointers.
Open method decision treeAudit-readiness
What LPs and auditors need
The auditor expects
- 1Complete traceability
- 2Locked prior periods
- 3Comparable rationale
- 4Sensitivity range
- 5Partner sign-off
The LP expects
- 1NAV movement explained
- 2MOIC/IRR reconciled
- 3Method changes disclosed
- 4Commentary per asset
- 5Consistent format
- 6Assumption access
Technical architecture
Four layers
Layer 1 · Data
Market and financial data
- Comp universe
- Provenance
- Upload/API
- IFRS 16
- FX
Layer 2 · Engine
Valuation computation
- Parallel methods
- Policy engine
- Scenarios
- Delta vs prior
- AI-assisted comps
Layer 3 · Workflow
Process and governance
- Templates
- Routing
- Period lock
- Override log
- Deadlines
Layer 4 · Output
Reporting and delivery
- PDF memos
- Auditor export
- AIFMD fields
- Narrative AI
Not a tool. Infrastructure.
The operating system for how a modern European PE firm certifies portfolio value to LPs and regulators each quarter.
The defensible moment: NAV sign-off day.
Excel-dependentPolicy-governed
Manual compsTraceable selection
SnapshotsImmutable history
Quarterly fire drillContinuous cadence
Word/Excel memosAuditable export
Opaque hostingEU-first
IPEV as afterthoughtIPEV reflected in workflow