73 Strings, the AI-powered valuation and portfolio intelligence technology company for private markets, today released The Future of Valuation Is Already Here, a new global report developed in partnership with the International Valuation Standards Council (IVSC). The research reveals how rapidly technology, AI and changing private-market structures are transforming the valuation profession and landscape.

Now in its second year, the report builds on 73 Strings’ and IVSC’s inaugural 2025 Study, The Rise of Valuation Technology. Drawing on four complementary research streams and engagement spanning 1,321 registrants across 91 countries, the report captures insights from a market reaching an inflection point: valuation is moving beyond the traditional quarterly cycle toward a more continuous operating model. At the same time, the findings also reveal a widening readiness gap as firms’ data, technology and governance infrastructure struggles to keep pace with new market demands.

“The shift to continuous valuation is no longer a future scenario. We are seeing a fundamental change in what private markets expect from valuation now,” said Yann Magnan, CEO and Co-founder of 73 Strings. “As valuation becomes more frequent and more integral to investment decisions, the industry needs a new infrastructure that brings together trusted data, AI and human expertise at unprecedented speed and scale. At 73 Strings, we believe this will become foundational to how private markets operate.”

“The pace of change in valuation is accelerating, and the profession has an opportunity to shape how that change happens,” said Nick Talbot, CEO at IVSC. “As AI and technology become more deeply embedded in valuation, strong governance, quality controls and professional judgment will be essential to maintaining trust. The findings in this report reinforce the importance of building those foundations now, so that innovation strengthens confidence in valuation as the market continues to evolve.”

At the heart of the shift is the changing role of Net Asset Value (NAV). As evergreen and semi-liquid funds, NAV lending and secondary transactions expand, NAV is evolving from a periodic reporting metric into a transaction price. That evolution raises the stakes considerably: weaknesses that once represented a reporting problem can now become a pricing risk, placing greater demands on the frequency, transparency, governance and auditability of valuation.

The data reveals a widening gap between market demand and firms’ readiness

Key findings include:

  • 59% identify data quality and availability as the biggest barrier to higher-frequency valuation, ranking far ahead of skills and judgment (15%), governance and controls (11%) and regulatory uncertainty (2.3%).

  • 54% already face on-demand or continuous valuation demand, yet only 45% are confident they could increase valuation frequency without adding headcount.

  • 74% spend most of their time collecting data or producing reports, while only 14% spend most of their time exercising professional judgment, highlighting the scale of the opportunity to redirect talent toward higher-value analysis.

  • Trust is emerging as a critical barrier to AI adoption. Lack of trust in automated outputs ranks ahead of budget and systems integration as a barrier to technology maturity, while practitioners rank governance and control frameworks as the top priority for AI-related standards.

Together, the findings point to data infrastructure as the critical foundation for the next phase of valuation. Centralized, structured and governed data enables firms to increase valuation transparency and control that the market is increasingly demanding.

A new operating model for AI-assisted valuation

The report identifies an emerging framework for responsible AI adoption: AI suggests → The control engine calculates → A qualified professional approves. AI can accelerate data extraction, analysis and pattern recognition, while deterministic systems preserve the traceability and reproducibility of valuation calculations and qualified professionals retain judgment and accountability.

This model also points to a significant evolution in the valuation profession. As technology automates more of the mechanical work, valuation professionals are increasingly becoming orchestrators of data, technology and judgment, shifting their focus to higher-value analysis, oversight and the defensibility of valuation conclusions.

Building now for the next generation of valuation

The industry is also approaching a defining standards milestone. The 2026 International Valuation Standards (IVS) Exposure Draft introduces a new mandatory chapter on quality control and, for the first time, requirements relating to the use of AI, alongside updates to IVS 104 on Data and Inputs and IVS 105 on Valuation Models. With the revised standards expected to be published on 31 January 2027 and to take effect a year later, on 31 January 2028, firms have a clearly defined window to build the data infrastructure, governance and controls required for the next generation of valuation – and, in practice, many organizations will begin aligning with the new requirements from publication rather than waiting for the effective date.

Read the full report here.

Methodology

The Future of Valuation report brings together four complementary research streams: live practitioner polling during the June 2026 IVSC / 73 Strings webinar; a dedicated post-webinar survey; the May-June 2026 Valuation Pulse sentiment tracker; and the 2025 Rise of Valuation Technology research as a prior-year benchmark. Together, these sources capture both current practitioner sentiment and the speed at which expectations around valuation are translating into operational reality.

About 73 Strings

73 Strings is the AI-powered valuation technology company transforming how private capital firms manage data, monitor portfolio performance and deliver institutional-grade Net Asset Values. Purpose-built for alternative investments, its platform, 73 Intelligence, combines intelligent data extraction, standardization and labeling, portfolio monitoring and observability and deterministic AI-powered valuation workflows, replacing fragmented manual processes with a single, governed platform.

Trusted by many of the world’s leading alternative asset managers and supported by leading global Valuation Advisory and Audit organizations, 73 Strings supports private equity, private credit, growth equity, venture capital, and infrastructure clients managing more than $20 trillion in assets across private and public markets. Built by valuation practitioners, the platform combines deep private markets expertise with enterprise-grade governance to deliver transparent, reproducible and fully auditable valuations at scale.

In February 2025, 73 Strings closed a $55 million Series B led by Goldman Sachs, with continued support from Blackstone Innovations Investments and participation from Golub Capital, Hamilton Lane, Broadhaven Capital, and 7RIDGE.

Founded in France in 2020 and headquartered in New York, 73 Strings has offices in New York, San Francisco, London, Paris, Riyadh, Abu Dhabi, Singapore, Bengaluru and Hyderabad, supporting a global client base.

The company’s leadership team and advisors bring more than 300 years of combined experience across private markets, valuation, and financial advisory.

Learn more at www.73Strings.com.

About IVSC

The International Valuation Standards Council (IVSC) is the independent, not-for-profit global standard setter for valuation. It develops and promotes International Valuation Standards (IVS), a principles-based framework for valuing assets and liabilities, including businesses and business interests, intangible assets, financial instruments, plant and equipment, infrastructure and real property.

IVS are developed through open public consultation with valuation professionals, regulators, investors, academics and other standard setters, and are designed to serve the public interest by supporting consistency, transparency and confidence in valuation across markets. Today, they are used by valuation professionals in more than 100 countries.

The IVSC is governed by an independent Board of Trustees, chaired by former Finance Minister for Singapore, Mrs Lim Hwee Hua, and its standards are developed by independent technical boards of international experts. Over 250 member organisations in 137 countries support its work. The IVSC is headquartered in London. Further information: www.ivsc.org.

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