Services
Institutional-grade advisory, delivered by senior practitioners and backed by software we build ourselves.
Portfolio Valuation
Audit-ready year-end valuations, and the machinery your team needs to run quarterly marks in-house. Every mark ships with a support file your auditor can take apart, built on portfolio company actuals rather than stale management reporting.
- Independent end-of-year valuations prepared for audit review
- Valuation models per position: income, market, and transaction approaches
- Mechanical support for in-house quarterly marks
- Valuation policy drafting and IC documentation
- Calibration at entry and back-testing against exits
- Equity, private loans, convertibles, warrants, and structured instruments
- Complete support files with every mark
- Direct support during auditor and LP queries
Integrated Due Diligence
Financial due diligence run on the target's source systems, not the deck. The data room collects accounting and banking data directly, so findings tie to the general ledger and the bank statement. The deal closes on your window, not the diligence clock's.
- Quality of earnings: non-recurring, out-of-period, non-cash, run-rate, and pro forma items
- Net working capital composition, trends, and peg setting
- Debt and debt-like items, off-balance-sheet obligations
- Revenue quality: concentration, cohorts, retention, and churn
- Quality of financial reporting, controls, and systems
- Borrowing-base verification and covenant capacity analysis
- Purchase agreement input: closing cash, working capital, indebtedness, price mechanisms
- Post-close conversion to live portfolio monitoring
Model Validation
Independent validation of the model your deal rests on. We recompute the entire workbook, every cell in every scenario, reconcile it against the model's outputs, and review the assumptions against your diligence findings before your IC date.
- Full recalculation of all formulas and scenarios
- Structural review: hidden links, hard-codes, circularities, version artifacts
- Scenario and sensitivity integrity through revenue, debt, and covenants
- Debt schedules, cash sweeps, and covenant calculations checked independently
- Returns verification: IRR, MOIC, and distribution waterfalls rebuilt
- Assumption review against diligence findings and market evidence
- Corrected model delivered with a complete change log
- Sensitivity map of the assumptions that actually move the outcome
AI Technology Advisory
Enterprise-grade AI inside your security perimeter. We design, deploy, and manage on-premise servers and private models for investors whose deal flow, LP data, and portfolio financials cannot touch a public endpoint.
- Use-case assessment across your investment process
- Hardware specification and procurement, sized for fund workloads
- Open-weight model selection and benchmarking on your documents
- Air-gapped or VPC deployment, full data residency
- Secure retrieval over your deal archive and fund documents
- Governance: access controls, audit logs, evaluation, policy
- Team training and handover
- Managed support with model updates as the field moves
Corporate & Financial Reporting Valuations
The technical valuations your reporting calendar demands, delivered with audit-ready support and a fixed fee per item. Purchase price allocations after the deal, share awards at grant, ECL on the loan book, instruments at every reporting date.
- Purchase price allocations: intangibles, useful lives, goodwill
- Impairment testing, annual and trigger-driven
- Stock award valuations, including market-condition awards by Monte Carlo
- Convertibles, warrants, preference shares, and embedded derivatives
- Expected credit losses and loan book valuations for lenders and private credit
- Employee benefits including Long Service Payment obligations
- Fair value of unquoted equity and derivative investments
- Auditor query support through sign-off, included
Board & Director Support
Independent verification and analysis for directors who carry the duty of care without staff of their own. Before the meeting, we tie the board pack to the ledger and the bank, stress the forecast on the agenda, and brief you on what to ask. Analysis and a documented record of inquiry, not formal opinions.
- Board pack verification: management accounts reconciled to ledger and bank
- Forecast and budget validation before approval
- Pre-distribution analysis: reserves, cash adequacy, covenant headroom
- Independent read of transactions on the board agenda
- Covenant and going-concern monitoring between audits
- Audit committee support through fieldwork
- Pre-meeting briefing with the questions worth asking
- Quarterly retainer on the board calendar, or per agenda item
Who we work with
The investors and finance teams we serve, and what they come to us for.
Lower middle market PE
Underwrite with verified numbers, mark portfolios on a defensible process, and answer auditors without a February scramble.
Growth equity
Diligence companies whose systems are younger than their revenue. We reconcile the metrics deck to the ledger before you price the round.
Private credit
Independent marks, borrowing-base verification, and covenant monitoring built on live borrower data rather than quarterly PDFs.
Emerging managers
Institutional valuation and reporting process from fund one, without hiring for it. Your first audit goes the way your LPs expect.
Independent sponsors and family offices
Deal-by-deal diligence and validation, fixed fee, senior staffed, scaled to the transaction.
Fund CFOs and controllers
One data spine for marks, LP reporting, and audit support. The same numbers in every document, traceable to source.
How we engage
Three ways to work with us, scoped to the mandate in front of you.
Per engagement
A defined deliverable, fixed fee, senior team, on a date you can plan around.
- Scope and fee agreed before work starts
- Senior practitioner team, named at kickoff
- Defined deliverables on a defined date
- Data room access included for the engagement
Annual program
Year-end valuations and quarterly mark support, the same team every cycle.
- Audit-ready year-end valuations
- Quarterly mark machinery run by your team
- Same team every quarter
- Auditor and LP query support through fieldwork
Ongoing program
Live portfolio data through the Verified Metrics data room, advisory engagements at program rates.
- ERP and bank connectivity, live portfolio data
- LP reporting from verified numbers
- Advisory engagements at program rates
- Onboarding and ongoing support