Does FundCycle read the valuation PDF?

This check starts from values supplied in your aggregation workbook, with references to the valuation report. It does not extract values from the PDF. The comparison is deterministic. An agent prepares the investigation; your checker confirms the report. No model concludes or changes a valuation.

Does FundCycle push corrections to the administrator?

Not by default. Your team checks the evidence and requests corrections through its normal process. Any write requires your team to enable a separate control. Your valuation committee keeps its role.

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Check keyed marks before NAV is final.

An agent investigates differences between your aggregation workbook and the administrator's price file, traces the supplied source references, and prepares a finding. Your team confirms the valuation support and approves any correction request.

Built for: Private credit funds with an independent valuation provider and an external administrator
Sources: Your aggregation workbook and the administrator's price file
Runs: Each valuation cycle, before NAV is final
Writes: Nothing by default. Read-only against the administrator.

A worked example

Valuation investigationIllustrative · fictional fund

Meridian Direct Lending FundAugust valuation cycle

The same loan, two different marks

Aggregation workbookLoan record

	Price (% of par)
	97.25

Trace mismatch

Administrator price fileSame loan

Keyed price (% of par): 92.75

Evidence: aggregation workbook, administrator price file and a reference to the valuation report. The report itself still needs a checker’s confirmation.

Source checks

Position match: Same loan
Report support: Confirmation needed

Agent finding

Finding: Marks disagree
Proposed next step: Confirm source mark

Sign-off

PreparedAgent finding

CheckerApproval pending

The agent found a mismatch, not a new valuation. The checker must confirm the report’s mark before approving a correction request.

How the work runs

Manual review

With FundCycle

Manual review
Compare the workbook with the administrator’s price file, position by position.
With FundCycleFundCycle
FundCycle compares supplied marks and checks their stated values.
Manual review
Trace each mismatch to the supplied valuation records.
With FundCycleFundCycle agent
An agent gathers the source references, describes the mismatch and flags missing support. It prepares a finding for review.
Manual review
Confirm the source and request a correction through your administrator.
With FundCycleYour team
Your maker checks the finding against the valuation support. A separate checker approves the decision before your team requests a correction.

Questions

Read-only by default. Agents investigate and prepare findings; your operators approve the resolution. Your administrator and books stay in place. FundCycle does not strike NAV.

How it sits in your stack →What it will never do on its own →

Try it on one historical cycle.

Choose one workflow and one past cycle. We agree the sources, investigate read-only, and return findings with evidence, proposed next steps and gaps that still need review. Sanitized files are fine.

The one-page result

Exceptions foundFindings checked against the source records

Evidence gapsMissing support and unresolved questions

Reviewer hoursBefore and after, on your own cycle

False positivesUnsupported findings counted and listed

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