SPV investment valuations are updated on a quarterly cadence.
What drives updates
New funding round: If the portfolio company raises a new round, the valuation is updated to reflect the new pricing
409A valuation: US companies typically perform annual 409A valuations, which provide an independent fair market value
Comparable transactions: If similar companies in the sector have recent transactions, these inform valuation estimates
Material events: Significant business changes (major customer win, product launch, regulatory approval) may trigger interim updates
What you'll see
Each investment shows "Last updated: [date]" so you know how current the valuation is
Valuation changes appear in your portfolio performance chart
Historical valuations are preserved in your portfolio history
Important caveats
Private company valuations are estimates, not market prices
The actual value may be higher or lower than reported
Valuations don't change daily like public stocks; expect quarterly updates
Between updates, the displayed value remains at the last known valuation