Net asset value in Luxembourg, NAV inputs, valuation and reporting.
NAV establishes the per-unit or per-investor value of the fund at a given date. Its calculation and publication rest with the authorised central administrator. FSL prepares the accounting inputs, reconciliations and controls that feed it, at the cadence set by your documents. Financial Services Luxembourg works on accounting, substance and reporting; CSSF authorisation and reserved acts are coordinated with our network of partner lawyers and notaries.
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Net asset value (NAV) is the value of a fund's assets less its liabilities at a valuation date, allocated per unit or per investor. It is calculated and validated by the authorised central administrator; it drives subscriptions, redemptions and performance reporting. Financial Services Luxembourg prepares the accounting inputs, never the official NAV.
Key takeaway
- Responsibility for the valuation policy sits with the AIFM; the NAV calculation rests with the authorised central administrator; FSL prepares the accounting inputs.
- Monthly to semi-annual NAV for private asset funds.
- The inputs to each NAV are documented and reconciled for audit.
Further reading: fund accounting, AIFM and management company and fund services.
Who this is for
- Private asset funds (PE, VC, debt, real estate)
- AIFMs or central administrators seeking accounting support upstream of the NAV
- Sponsors needing reliable, documented NAV inputs
What we do
- Preparation of NAV inputs at the required frequency
- Bank, position and commitment reconciliations
- Per-investor capital accounts and performance reporting
- Valuation policy documentation (with the AIFM)
Ready to structure your nav inputs preparation?
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Official sources and verification
This page is written and reviewed by Mickaël LOC, licensed accountant in Luxembourg (business permit 10077274). The rules cited can be checked with the competent authorities.
Frequently asked questions
Who is responsible for valuation?
The valuation function sits with the AIFM. The NAV calculation rests with the authorised central administrator. Financial Services Luxembourg prepares the accounting inputs and reconciliations that feed it, applying the defined policy.
How often?
Per the fund documents: often quarterly for private assets, monthly or semi-annual depending on the case.
Do you provide per-investor capital accounts?
Yes, with capital calls, distributions and individualised performance reporting.
Request a quote
Reply within 24 business hours. NDA on request before any confidential document.