ASC 820 (Fair Value Measurement)

The U.S. GAAP standard that defines fair value as an exit price and sets out how to measure it.

Orivade keeps this on the investor's record — linked to the email or document it came from, so the current status is one search away the moment an LP asks.

See also

Fair ValueThe price a fund would receive to sell an asset in an orderly transaction between market participants — for a private holding, an estimate built from a valuation technique rather than observed in a market.
Valuation PolicyA fund's written method for marking its holdings: which techniques apply, what inputs are used, and who approves the result.
NAV (Net Asset Value)The current value of a fund's assets minus liabilities, used to price subscriptions and redemptions in an evergreen fund.