← Glossary
Fair Value
The 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.
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
- NAV (Net Asset Value)The current value of a fund's assets minus liabilities, used to price subscriptions and redemptions in an evergreen fund.
- ReconciliationThe process of proving that two independently maintained records of the same fund activity — such as a GL and an LP allocation — describe the same underlying reality.
- Shadow AccountingAn independent, parallel calculation an LP or GP maintains to verify that another party's numbers still describe the same economic reality.
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