The NAV practical expedient is a US GAAP shortcut in ASC 820 that lets you estimate the fair value of certain fund investments using the investee’s reported net asset value per share (or an equivalent NAV-based measure), instead of building a separate valuation from scratch. In practice, it is most relevant when your reporting entity…
3 Best CRM Software for Investment Banking Teams
A strong investment banking CRM software stack helps bankers keep coverage clean (who knows whom, who owns the relationship, what’s the next touch), while giving leadership real visibility into pipeline, mandates, and activity without turning CRM into “another admin chore.” Below are the three best CRM options for investment banking teams to shortlist, plus a…
GAV vs NAV in Private Funds: Definitions, Bridge, and Reporting Use
Gross asset value (GAV) and net asset value (NAV) are two related ways to describe the value of a private fund at a point in time. In plain terms, GAV focuses on the fund’s assets, while NAV reflects what is left for investors after liabilities and fund-level obligations are considered. If you work in fund…
3 Best CRM Solutions for Venture Capital (VC) Firms
Venture capital is relationship-first. You’re tracking founders, co-investors, advisors, LPs, and portfolio operators, not “leads” moving through a typical sales funnel. The best venture capital CRM software helps your team capture relationship history automatically, model complex networks, and turn messy deal flow into a clean, shared pipeline. Below are three CRM options that consistently fit…
NAV Oversight: Controls, Review Workflow, and Common Breakpoints
NAV oversight is the governance and control layer that sits on top of the NAV close. Its job is to ensure the net asset value you release is complete, accurate, consistent with fund terms and valuation policy, and well-supported enough to withstand audit review and investor questions. This article breaks NAV oversight into three practical…
Family Office Recruitment: How to Hire the Right Team and Build for Scale
Family office recruitment is the process of sourcing, assessing, hiring, and retaining professionals who can operate in a uniquely high-trust environment, often with ambiguous role boundaries, high confidentiality requirements, and a low tolerance for error. Unlike corporate hiring, the “right” candidate is rarely defined by skills alone; it’s a blend of technical competence, discretion, judgment,…
Family Office Bill Pay Solutions: Controls, Workflows, and How to Choose
Family office bill pay solutions are the tools, workflows, and (often) service providers used to manage invoice intake, approvals, payments (ACH/wire/check), documentation, and accounting coding across a family’s entities, while maintaining strong controls, privacy, and auditability. In a family office context, bill pay isn’t a “simple administrative task”; it’s a high-risk operational function that intersects…
Fractional Family Office: Definition, Structure, Services, and Implementation Guide
A fractional family office is an operating model where a family (or the advisors serving them) gets family-office-level capabilities—often through part-time leadership and modular specialists—without building a fully staffed single-family office. In practice, it means engaging experienced professionals (e.g., fractional CFO/COO, controller, investment oversight) and a fit-for-purpose reporting stack, scaled to the family’s complexity and…
Virtual Family Office: Structure, Setup, Costs, and AUM Thresholds
A virtual family office is a technology-enabled operating model where a family (or the family’s advisory team) outsources some or all traditional family office functions—such as administration, accounting, reporting, and coordination—without building a full in-house office. If you’re asking what a virtual family office is, the simplest definition is: a family office “run as a…
