Total Portfolio Strategy: Managing Liquidity Across Private and Public Investments

Private asset portfolios are less liquid than public asset portfolios and have additional risks, including the risk of loss. Cash flow modeling is dependent on assumptions of uniform fund behaviors according to fund characteristics, and historical data availability. The future cash flow timing and needs of specific investments will differ from the model results, at times significantly. Estimations using Public Market Equivalents have many inherent limitations. This article is not a recommendation as to any portfolio, allocation, strategy or investment, nor an offer to purchase or sell any security.