Management data services, often performed in conjunction with assumption and backtesting support, are core services for internal valuation support.

NAV's market data services substantiate market analytics driving the valuation. The illiquidity of level 3 assets frequently warrants enhanced support for inputs that by definition are lacking a price and largely unobservable. Level 2 assets, with partial market liquidity and some observability, can also be substantiated by market data analytics performed by our expert teams.

Finally, we provide advanced statistical modelling to assist fund managers and fund CFOs in multivariable regression analysis. Advanced regression analysis represents a cutting-edge mechanism for enhancing empirical documentation and surpassing the documentation expectations of both internal auditors and external auditors. A good offense, driven by the breadth of NAV's management services, serves as a "good defense" for documenting and supporting internal valuation analysis.

Sample of Market Data Procedures

• Comprehensive Excel data analytics to benchmark industry financial statement information against subject company or for use in litigation  
• Evaluation of the reasonableness of buy-sell clauses that have fixed multiples for cashing out shareholders  
• Empirical data for examining cross-sectional and historical key ratio categories such as profitability, liquidity, management efficiency, asset turnover, capital structure, bankruptcy and investment return  
• Insights into comparable valuation pricing multiples provides a broad picture of observable market data  
• Annual or quarterly updates enables timely tracking of key industry trends

How We Assist Clients

NAV's team provides sophisticated analytical services to help verify and clarify market data requirements of investment committees, internal auditors, and external auditors. 

We also can work alongside fund quantitative professionals in reviewing proprietary models for reasonableness and market data support. 

How We Are Transparent

We work on a flat-fee or hourly basis with leading attorneys, alternative investment funds, CFOs, CPAs, and other C-suite corporate executives. We strongly feel engagement scope and fee ranges should be communicated effectively and efficiently.

We accordingly perform our work in stages, and we encourage clients to take a methodical, calculated approach to deciding which service offerings are necessary or optional. 

Our first service stage is dubbed the NAV Situation Scan (TM). The Situation Scan helps both our clients and our teams diagnose the services necessary for fulfilment of client objectives. We then communicate the results of the Situation Scan to derive a suggested road-map. The NAV team next proposes a time frame for delivery of service milestones. We are inherently flexible, and our Situation Scans outline a proposed plan of action and not a mandatory obligation. We have found clients cherish this "ramp-up or ramp-down" flexibility that can be implemented at any time.