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NAV Calculation

Depending on the fund type, assets in the fund may be either liquid, illiquid or a hybrid of the two. Most liquid assets on EVM compatible chains can be priced using the Zapper API, requiring manager's to only manually confirm the NAV of the fund. Occasionally, long tail liquid assets or LP positions may not be picked up by Zapper, so the manager has the ability to add those assets manually with each NAV update. While APIs can reduce the manual effort of tracking fund positions, it does not absolve the manager from taking responsibility for verifying. Illiquid investments (ex. off-chain venture investment) can be input and updated manually.