Sources
- 1.Raymond Panko, EuSpRIG 2008: 94% of spreadsheets contain errors, 5.2% cell error rate eusprig.org.
- 2.BBC News, 2020: 15,841 lost Covid cases traced to Excel row limit bbc.co.uk.
- 3.MSCI, 2024: subscription lines inflate IRR by approximately 100 basis points msci.com.
- 4.McDermott Will & Emery, 2024: SEC Marketing Rule FAQ on IRR with and without subscription facilities mcdermottlaw.com.
- 5.CFA Institute, September 2025: 10% of LPs think valuation reporting is functioning well cfainstitute.org.
- 6.Adams Street Partners, 2025 Global Investor Survey: 88% of LPs plan to increase co-investment allocations adamsstreetpartners.com.
- 7.CSC, Future Private Capital CFO Survey, 2025: about three in four LPs want performance data daily or on demand businesswire.com.
- 8.UK FCA, March 2025: multi-firm review of private market valuation practices fca.org.uk.
- 9.SEC, 2020: Rule 2a-5 fair-value governance press release sec.gov.
Where to start
Start where the quarter ends: the NAV packs.
See how a three-person team turns six administrators’ packs into one checked, sign-off-ready view.
