Discount to NAV Calculator

Calculator

Calculate the implied discount or premium on a secondary LP interest or fund stake transaction.

Current NAV ($)

Transaction price ($)

Unfunded commitment ($) optional

DPI (x) optional

Fund life remaining (yrs) opt.

Fill in the inputs to calculate the discount.

Secondary LP interests typically trade at a discount to NAV (Net Asset Value) due to illiquidity, market conditions, or seller urgency. Understanding the discount helps buyers assess value and sellers price their position competitively.