NAV Lending Valuation Infrastructure

The valuation layer
NAV lending requires.

Purpose-built ASC 820 portfolio valuations for NAV lending transactions. AI-automated. Audit-defensible. Delivered on your covenant timeline.

90%
Automated Pipeline
48hr
Standard Turnaround
ASC 820
Full Compliance

Standard valuation firms weren't
built for this.

Big Four: Overbuilt and overpriced

Rotating staff, institutional overhead, and timelines that don't match quarterly covenant requirements. You're paying for a brand, not a result.

Boutiques: Generalist, not purpose-built

Most valuation firms handle NAV lending work as an afterthought. The methodology isn't calibrated, the technology isn't there, and turnaround suffers.

Internal teams: Independence problem

Lenders and auditors increasingly require third-party independence. Internal marks don't hold up under lender or LP scrutiny the way they once did.

Valuation as
infrastructure,
not an engagement.

MELD is purpose-built for the repeatable, audit-sensitive, timeline-critical nature of NAV lending valuation. Every engagement runs through the same AI-automated pipeline with senior reviewer oversight — not a generalist analyst working from a blank model.

01
Document Intake
Portfolio company financials and cap tables ingested automatically
02
AI Extraction
Key metrics extracted and validated — LTM/NTM revenue, EBITDA, cash, debt
03
Model Population
Standardized ASC 820 model populated; comps pulled via market data
04
Methodology Applied
OPM backsolve and/or guideline company method applied per asset type
05
Senior Review + Deliver
Flagged items reviewed; audit-ready PDF delivered on covenant schedule

Built for the NAV lending
transaction ecosystem.

NAV Lenders

Require independent ASC 820 valuation as a loan covenant condition. We get on your approved vendor list and ensure your borrowers always have a qualified, fast solution.

Covenant-aligned delivery

PE & Credit Funds

Accessing NAV facilities and needing independent quarterly marks. Transparent pricing, consistent methodology, and a dedicated senior reviewer who knows your portfolio.

Quarterly retainer model

Fund Administrators

Managing reporting workflows for funds with NAV lending exposure. We integrate cleanly into your existing reporting cadence and deliver on your schedule, not ours.

Reporting cadence flexible

Institutional quality.
Without the institutional overhead.

01 —

Purpose-built for NAV lending

Not a side service. Every aspect of the pipeline — methodology, model structure, turnaround SLA — is calibrated specifically for the NAV lending context and the auditors and lenders reviewing the output.

02 —

Senior reviewer, every engagement

Not a rotating analyst team. The same experienced professional reviews every mark in your portfolio, every quarter. Consistent methodology. Institutional memory. No onboarding every cycle.

03 —

AI-automated pipeline with human oversight

90% of the workflow runs through an automated, standardized pipeline. Human judgment applies where it matters: methodology selection, outlier review, and final sign-off. Speed without sacrificing defensibility.

04 —

Transparent, commitment-based pricing

Flat quarterly pricing scaled to portfolio size. No surprise overages, no hourly billing, no engagement creep. You know the cost before you sign. The pricing model is designed to align with your covenant reporting cycle.

Priced like
infrastructure,
not hourly work.

Quarterly retainer pricing scales with portfolio size. Annual commitments receive meaningful discounts. All engagements include auditor liaison, standardized ASC 820 deliverables, and a dedicated senior reviewer.

Portfolio Size
Per Company / Qtr
Includes
Turnaround
1–5 companies
$2,500
ASC 820 · Auditor liaison · Senior reviewer
5 business days
6–15 companies
$2,000
All above + volume discount
5 business days
16–30 companies
$1,650
All above + priority scheduling
3 business days
30+ companies
Custom
All above + custom SLA
Negotiated
For Lenders

Get MELD on your
approved vendor list.

If you're structuring NAV facilities, independent valuation requirements are increasingly standard covenant language. MELD is built to be the vendor your borrowers use — purpose-built, audit-defensible, and operationally predictable.

We work with your compliance and documentation teams to ensure our deliverables satisfy your specific covenant requirements.

Talk to us about your program

Covenant-specific deliverables. We review your loan documentation and ensure our ASC 820 reports meet your exact independence and methodology requirements.

Predictable turnaround for your borrowers. Quarterly SLAs built around your reporting calendar. Your borrowers are never the bottleneck.

Direct auditor coordination. We engage directly with your borrowers' audit firms on methodology questions so you don't have to mediate.

Volume relationship pricing. Lenders who refer multiple fund clients receive program pricing. This keeps your borrowers' costs reasonable and your covenant compliance high.

Get Started

Ready to see your
fund pricing?

Schedule a 20-minute introductory call. We'll review your portfolio structure and deliver a detailed scope and fee estimate within 48 hours.

Schedule a Call Send us an email