NAV (Net Asset Value)

The current value of a fund's assets minus liabilities, used to price subscriptions and redemptions in an evergreen fund.

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

Evergreen FundA fund with no fixed closing date, valued on a recurring schedule and open to continuous subscriptions and redemptions.
Redemption GateA cap, typically a percentage of NAV per quarter, that limits how much an evergreen fund pays out in redemptions at once.
Liquidity SleeveThe cash, undrawn credit facility, and shorter-duration holdings an evergreen fund keeps on hand to fund redemptions without selling its illiquid assets.