Data Valuation Engine: Qi Liu

StepStone Reflections on Private Markets

In this episode of RPM, Qi Liu from our data, science and engineering team discusses one of our newest tools – the daily valuation engine (DVE). Typically, private market investors must wait anywhere from two to four months after quarter end to see how the value of their portfolios has changed; DVE, as the name implies, allows them to make this estimate well before general partners report. Among other things, we discuss:

  • How DVE’s accuracy compares with alternative approaches (3:40);
  • The mathematical principles (8:06) and key data inputs (12:14) that the model relies on; and
  • Some of the ways in which investors might use DVE, from annual reporting to allocation planning (16:57)
StepStone Group
StepStone Group

StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

W. Casey Gildea
Managing Director
450 Lexington Avenue, 31st Floor
New York, NY 10017

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