When will the fund value assets? If a company raises a round at a new valuation, does ARK value the asset shortly thereafter or is it done monthly/quarterly?

Public equities are priced daily, while the fair value of private assets is assessed on a quarterly basis by our valuation committee with input from an independent third-party valuation firm. Under certain circumstances, such as a new funding round, we may adjust the fair value of a private asset intra quarter.