RPM - Reflections on Private Markets

Qi Liu: Daily Valuation Engine


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In this episode of RPM, Qi Liu from our data, science and engineering team discusses one of our newest tools – the daily valuation engine (DVE). Typically, private market investors must wait anywhere from two to four months after quarter end to see how the value of their portfolios has changed; DVE, as the name implies, allows them to make this estimate well before general partners report. Among other things, we discuss: 

  • How DVE’s accuracy compares with alternative approaches (3:40);
  • The mathematical principles (8:06) and key data inputs (12:14) that the model relies on; and 
  • Some of the ways in which investors might use DVE, from annual reporting to allocation planning (16:57).  

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RPM - Reflections on Private MarketsBy StepStone Group

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