Net asset value (NAV)

Also called: NAV

In one line

The per-unit value of a fund or SPV's holdings, used to price stakes in vehicles that hold private shares.

In plain English

For funds and SPVs that own private shares, NAV is the value of what they hold divided by the units outstanding. Secondary buyers of fund stakes often transact at a discount or premium to NAV.

If you were explaining it to a 5-year-old

If a shared piggy bank holds toys worth 100 coins and has 100 slips, each slip's 'NAV' is 1 coin.

Why it matters when you sell

If you hold or buy via an SPV or fund, NAV (and the discount to it) determines the real value of your stake.

Put it to use

Compare secondary platforms

Hold private-company shares? Our free estimator shows what your stake could be worth and whether you can sell — no sign-up. Value my equity (free) → · Back to the glossary →
When you're ready to go deeper, there's an optional Equity Toolkit and Report.

Sources

A general market-practice term. See how we define and source the glossary in our methodology. General information, not advice.

Educational information only — not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.

Net asset value (NAV)

Related terms

Put it to use