多层结构穿透
Multi-level look-through
从机构、载体、基金、持有主体到最终资产观察价值、风险和责任。
See value, risk and responsibility from institution to vehicle, fund, holding and underlying asset.
Altivips Alternatives / 产品Altivips Alternatives / Products看见全局，穿透结构，
See the whole portfolio.
AM · ASSET MANAGEMENT
看见全局，穿透结构，
管理每一项资本责任。
See the whole portfolio.
Manage every capital obligation.
面向全球另类资产机构的 AI 原生资产管理操作系统，连接项目、投资、基金、资产、现金流与报告，覆盖投资与基金运营两条完整生命周期。
An AI-native asset management operating system for global alternative investment firms—connecting projects, investments, funds, assets, cash flows and reporting across both investment and fund operating lifecycles.
面向BUILT FOR投资 · 投后 · 基金运营 · 财务 · 估值 · 风险 · 报告INVESTMENT · PORTFOLIO · FUND OPS · FINANCE · VALUATION · RISK · REPORTING
全组合穿透视图WHOLE-PORTFOLIO LOOK-THROUGH多币种MULTI-CURRENCY
机构级资本视图INSTITUTIONAL CAPITAL VIEWAltivips AM一套核心 · 多类资产 · 多层结构ONE CORE · MULTIPLE ASSETS · LAYERED STRUCTURES
投资机构INSTITUTION
基金FUNDGrowth III载体VEHICLEGlobal SPV资产ASSETNorthstar
报告币种REPORTING CCYUSD穿透层级LOOK-THROUGH04事实状态FACT STATUS已确认APPROVED
投资生命周期INVESTMENT LIFECYCLE基金运营生命周期FUND OPERATING LIFECYCLE
PROFESSIONAL DEPTH专业化不是更多字段。
Professional depth is not more fields.
专业化不是更多字段。
是让结构、口径和责任真正进入系统。
Professional depth is not more fields.
It is structure, methodology and accountability made operational.
01 · DUAL LIFECYCLES
从发现机会，到最终退出与报告。
From opportunity sourcing to exit and reporting.
投资生命周期与基金运营生命周期彼此连接，又保留独立的对象、责任、口径和节奏。
Investment and fund operating lifecycles stay connected while preserving distinct objects, ownership, methodology and cadence.
- 01项目获取SOURCE
机会与筛选
Opportunity & screening
- 02尽调决策DECIDE
研究与投决
Diligence & IC
- 03交易执行TRANSACT
签约与交割
Signing & closing
- 04投后管理MANAGE
报数与赋能
Monitoring & support
- 05估值风险VALUE
估值与组合
Valuation & portfolio
- 06基金运营OPERATE
现金流与账户
Cash flow & accounts
- 07报告退出REPORT
业绩与退出
Performance & exit
02 · INSTITUTIONAL CAPABILITIES复杂资本工作，
Complex capital work
复杂资本工作，
需要确定性的专业能力。
Complex capital work
requires deterministic expertise.
把真实资本业务中的对象、计算、制度和协作沉淀进产品，而不是留在系统外的表格和个人经验中。
Productize the objects, calculations, regimes and collaboration of real capital work instead of leaving them in spreadsheets and institutional memory.
多币种一致性
Multi-currency consistency
保留交易、基金与报告币种、汇率来源和折算时点。
Preserve transaction, fund and reporting currencies, rate sources and conversion dates.
正式数字可回放
Official numbers are replayable
版本化输入、明确口径和可解释结果支撑 NAV、IRR、TVPI、DPI、瀑布分配与归因。
Versioned inputs and explicit methodology support NAV, IRR, TVPI, DPI, waterfall and attribution.
对象与任务不分离
Objects and work stay together
项目、任务、文件、审批、计算和决策在同一上下文中持续工作。
Projects, tasks, files, approvals, calculations and decisions remain in one context.
专业核心叠加本地制度
Global core, local regimes
通过会计、监管、KPI 与法域适配承载地区和机构差异。
Accounting, regulatory, KPI and jurisdictional overlays carry regional and institutional differences.
从事实直接生成成果
Move from facts to work products
让估值、组合监控、基金运营和 LP 报告使用同一批准事实。
Use the same approved facts across valuation, monitoring, fund operations and LP reporting.
03 · ONE CORE + ASSET PACKS + OVERLAYS
面向全资产类别的战略设计。
A strategic design for the full alternative-asset universe.
稳定核心承载共同资本事实，专业资产包保留不同资产的业务差异，制度适配层承载会计、监管、KPI 与法域要求。
A stable core carries common capital facts, Asset Packs preserve asset-specific depth, and overlays adapt accounting, regulation, KPIs and jurisdictions.
ONE CORE共同资本事实COMMON CAPITAL FACTS对象 · 关系 · 现金流 · 估值 · 权限 · 证据OBJECTS · RELATIONSHIPS · CASH FLOWS · VALUATION · PERMISSION · EVIDENCE
私募股权 / 创投PE / VC房地产REAL ESTATEREITs基础设施INFRASTRUCTURE私募信贷PRIVATE CREDIT对冲基金HEDGE FUNDS上市权益PUBLIC EQUITY政府引导基金GOVERNMENT GUIDANCE FUNDSCVC信托TRUSTS保险 / 资产负债管理INSURANCE / ALM家族办公室FAMILY OFFICES共同投资CO-INVESTMENT跨境持有结构CROSS-BORDER STRUCTURES
以上为 15 个资产与机构运营场景的战略设计版图；PE / VC 是当前最深基础，其他场景成熟度不同，不代表全部已经交付。
This is the strategic design map across 15 asset and institutional operating scenarios. PE / VC is the deepest current foundation; other scenarios vary in maturity and are not all delivered.
04 · AI-NATIVE ASSET MANAGEMENTAI 理解所处阶段，
AI understands the stage—
AI 理解所处阶段，
也知道正式数字从哪里来。
AI understands the stage—
and where official numbers come from.
当被投企业发生融资、经营或风险事件，业务行动图谱将事件连接到对应基金、投资、估值政策、责任人和报告义务。AI 解释影响并准备工作，确定性计算与人工审批负责正式结果。
When a financing, operating or risk event occurs, the Business Action Graph connects it to the relevant fund, investment, valuation policy, owner and reporting obligation. AI explains and prepares; deterministic calculation and human approval produce the official result.
EVENT企业新一轮融资New company financing事件进入项目上下文Event enters project context
→CALCULATE估值与穿透影响Valuation & look-through调用批准口径Apply approved methodology
→REVIEW负责人复核Owner review保留专业判断Retain professional judgement
→OUTCOME组合与 LP 更新Portfolio and LP update证据连续可追踪Evidence remains traceable
05 · WORK PRODUCTS系统最终交付的，
The system delivers
系统最终交付的，
是可以承担责任的专业成果。
The system delivers
professional work products people can stand behind.
不是更多孤立页面，而是贯穿生命周期、可编辑、可审批、可保存和可追溯的工作成果。
Not more isolated screens, but editable, reviewable, persistent and traceable work products across the lifecycle.
项目工作区与投决材料PROJECT WORKSPACE & IC MATERIALS尽调、交易与审批任务DILIGENCE, TRANSACTION & APPROVAL TASKS组合监控、估值与风险看板PORTFOLIO, VALUATION & RISK VIEWS基金运营与资本账户FUND OPERATIONS & CAPITAL ACCOUNTS业绩解释与 LP 报告PERFORMANCE EXPLANATION & LP REPORTING投后报数与企业协作PORTFOLIO REPORTING & COMPANY COLLABORATION
EXTEND THE OPERATING SYSTEM以 AM 为锚点，
Anchor on AM—
以 AM 为锚点，
连接募资与企业资本协作。
Anchor on AM—
then connect fundraising and company capital collaboration.
从一个资产、基金或流程开始START WITH ONE ASSET, FUND OR WORKFLOW
让复杂资产管理，
成为可持续的机构能力。
Turn complex asset management
into an enduring institutional capability.
告诉我们你的资产范围、组织角色和核心流程，我们将准备一场有针对性的 AM 专业演示。
Share your asset scope, operating roles and priority workflow. We will prepare a focused AM demonstration.