May 1, 2024

Case Study: AlphaNotes and vestr - Real-Time NAV Reporting for Private Markets

Case Study: AlphaNotes and vestr - Real-Time NAV Reporting for Private Markets

Our partnership with vestr marks a pivotal moment in our quest to revolutionize private market investment products. By harnessing vestr’s technology, AlphaNotes now offers on-demand NAV reporting. This collaboration underlines our commitment to leveraging technology for scalable growth, allowing us to efficiently meet the evolving needs of our clients.

Chris Corcino, CEO AlphaNotes

About AlphaNotes:

AlphaNotes integrates private assets into the global financial markets.

AlphaNotes offers comprehensive solutions for alternative investment strategy managers and wealth advisors to issue structured notes based on their investment strategies.

AlphaNotes primarily serves fund managers specializing in private equity and structured credit strategies. These managers typically manage assets under management ranging from $500 million to $10 billion.

Through partnership with AlphaNotes, these managers can convert their intricate private market strategies into tradable securities, complete with an International Securities Identification Number (ISIN). This conversion improves liquidity and enables global custody accessibility, expanding opportunities for a wider investor base.

The company's recent focus has been on digital transformation, aiming to streamline processes for future growth and efficiency. As demand for its services increases, and the company wants to rely on technology to scale operations instead of significantly increasing headcount.


Private market asset managers often encounter significant obstacles when providing real-time Net Asset Value (NAV) information to their investors. Unlike publicly traded securities, private market assets like private equity or real estate lack readily available market prices. Assessing the value of these assets involves complex methodologies and subjective evaluations, often relying on periodic appraisals or transaction data that may not be immediately accessible in real-time. Additionally, the illiquidity and complexity of these investments exacerbate the challenge, making it hard for asset and wealth advisors to offer instant NAV updates. Regulatory constraints, limited transparency, and the absence of standardized reporting practices in private markets further contribute to the difficulty in providing real-time NAV information to investors.


AlphaNotes understood how important it was for their clients to have up-to-date NAV (Net Asset Value) information. They wanted to find a tech solution to replace manual work and speed up how quickly they could deliver this info.

AlphaNotes partnered with vestr to deliver real-time NAV information, transforming how asset managers in private markets operate. Through vestr's advanced technology, AlphaNotes enables instant access to accurate NAV reporting for asset managers on its platform. This enhancement promotes transparency and equips asset managers with timely insights for informed decision-making.


AlphaNotes witnessed a significant reduction in manual work, freeing up valuable time and resources that could be better utilized elsewhere. Moreover, the risk of errors, which often accompanies manual processes, was completely eliminated, ensuring greater accuracy and reliability in their NAV calculations and reporting.

What used to take hours to complete can now be done instantaneously, thanks to the efficiency of the new system. This not only boosts productivity but also allows AlphaNotes to provide real-time NAV information to their clients, meeting their needs in a timely manner and enhancing overall satisfaction.

Relying on technology to scale operations rather than increasing headcount has not only enhanced efficiency but has also positively impacted the company's cost structure.

Looking ahead, AlphaNotes is forward-thinking in their approach. They recognize the importance of empowering wealth professionals with direct access to the data which they plan to also implement using vestr’s technology.

Securitized portfolios
at scale

Schedule a call