PM Vals — Independent valuations for private markets

Monthly revaluationStale valuation

Why independent

Monthly, not stale.

A lagged statement holds an old number for months. A monthly valuation moves with the market — marked to the data as of your valuation date, never rolled forward.

Valuation, as practised, is broken for everyone who relies on it. So we rebuilt it around one idea: one independent, evidence-backed valuation per position — for your board, your auditors and your investors.

Auditors struggle with…

×Untraceable spreadsheet inputs

×Methods that drift year to year

×No evidence file behind the number

CFOs & trustees complain that…

×NAV strikes wait on manager statements

×Marks arrive a quarter late

×One number, no working shown

×Every audit question becomes a project

Investors are frustrated by…

×Smoothed, stale NAVs

×The manager marking its own book

×Surprises at exit

What we value

A concise, board-ready report.

One independent valuation per position — backed by a retained evidence file your auditor can follow.

Private equity

Private equity valuations

IPEV-aligned fair value for fund positions and directs, calibrated to current comparables.

Private credit

Private credit fair value

Loans and notes marked off current curves and credit spreads, with full sensitivity.

Ratings

Shadow credit ratings

An independent borrower rating from a weighted scorecard, calibrated to rating-agency studies.

Impairment

Impairment & ECL

AASB 9 / IFRS 9 staging and provisions, including default notes for positions under stress.

Empty boardroom overlooking a city skyline

One report, three audiences

For everyone who relies on the number.

For your board & IC, your auditors and your investors — the judgement documented, not implied, with no conflict because we hold no position.

For your board & IC

A NAV you can strike on schedule

The judgement documented, not implied

No conflict — we hold no position

For your auditors

Every figure traces to a named, dated source

Consistent method under a written policy

A retained evidence file per report

For your investors

Marks that move when markets move

Independent of the manager's incentives

Fewer surprises at exit

On your cycle

Monthly or quarterly — set once

Valuation date = market-data date

Delivered before your reporting deadline

How it works

One cycle, four steps.

Set the cadence once — monthly or quarterly. Every position is re-marked on the same date discipline, every cycle, without you chasing it.

Cycle

01 · You send the documents

Once per position.

deal documentsfinancialsinvestor updates

Then only the new material each cycle.

02 · We refresh the market data

Marked to your date.

curvesspreadscomparablescalibration

As of your valuation date — never rolled forward.

03 · Valuation, then adversarial QC

Re-computed, then challenged.

A second reviewer re-computes every figure before release.

04 · You receive the report

Board-ready.

▲ Retained evidence file, every cycle

Concise and defensible — delivered before your reporting deadline.

One cycle, four stepsIllustrative walkthrough

Glass office towers in early morning light

Why we built PM Vals

Valuation, rebuilt around evidence.

Untraceable inputs, methods that drift, NAVs that wait on manager statements, the manager marking its own book — the practice was broken for auditors, CFOs, trustees and investors alike.

We produce the independent valuation and evidence file your auditor reviews — which makes that review shorter, not longer.

Independent · Current · Defensible

Built for the people who sign the accounts.

Independent

No stake in the number

No position in the fund or the deal

One mandate: a mark you can defend

A second, adversarial reviewer on every report

Current

Marked to today, not last quarter

Market data as of the valuation date

Calibration refreshed from primary sources

Monthly or quarterly — your cycle, not ours

Defensible

Every figure shows its working

Each input traces to a named, dated source

Consistent method under a written policy

Retained evidence file behind every report

FAQ

Frequently asked questions

What standards do you value under?

IPEV for private equity; AASB 13 / IFRS 13 for fair value; AASB 9 / IFRS 9 for expected credit losses. Valuation date and report date are always the same date.

What assets do you cover?

PE fund positions and directs, and private credit in most forms — including structured and Islamic-finance facilities.

Monthly or quarterly?

Whichever matches your reporting. Every cycle is re-marked to current market data — never rolled forward.

What do you need from us?

Deal documents once, then each cycle's financials or investor updates. We source all market data ourselves.

Do you replace our auditor?

No — we produce the independent valuation and evidence file your auditor reviews. It makes that review shorter.

How is it priced?

A per-position, per-cycle fee agreed up front. No hourly billing.

Important information & disclaimers

General information only. This website is general information about PM Vals' valuation services. Nothing here is financial product advice, investment, legal, tax or accounting advice, an offer, or a recommendation to buy, sell or hold any asset. Obtain your own independent advice before acting.

No guarantee of value or performance. A valuation is an independent opinion of fair value at a point in time, based on available information and stated assumptions. It is not a guarantee of realisable value, a promise of future performance, or a transactable price. Past results are not indicative of future outcomes.

Illustrative material. The sample valuation report, the monthly-vs-stale chart and the on-page cycle walkthrough are illustrative visualisations, not live output or real client data.

Standards & independence. Valuations are prepared with reference to IPEV, AASB 13 / IFRS 13, and AASB 9 / IFRS 9. PM Vals produces an independent valuation and evidence file for your auditor's review; it does not replace your auditor. PM Vals holds no position in the funds or deals it values.

Pricing. Fees are agreed per position, per cycle, up front, and are exclusive of GST; final scope and fees are set in a formal engagement. Any figures shown are indicative only.

Provider & liability. PM Vals (Private Market Vals) is a business name of Meek Private Equity Pty Ltd (ACN 670 079 759), serving wholesale / professional clients under applicable Australian Financial Services licensing. To the maximum extent permitted by law, no liability is accepted for reliance on this website. Content may change without notice. © 2026 Meek Private Equity Pty Ltd.

Independent valuations for private markets.

Senior Secured Facility — Fund A