Free private markets document generator
Family Office Private Markets Policy
Create a family office private markets policy covering allocation, liquidity, direct investments, governance, concentration and family objectives. Document how family objectives, liquidity needs and decision rights shape a private markets program.
What this generator covers
Inputs used by the document
- Family mandate: Family office, Investable assets, Time horizon, Return objective, Annual spending need
- Private markets policy: Target allocation, Policy range, Permitted strategies, Direct investment policy, Concentration limits
- Governance & values: Decision rights, Liquidity reserve, Family values, Review cadence
01
Purpose & scope
This policy governs private markets investing for Family Office Investment Team and establishes a consistent framework for external funds, direct investments, co-investments and secondaries.
02
Family capital context
The family oversees $1.1bn of investable assets with a Multi-generational orientation. The program should balance compounding, family control, liquidity and intergenerational stewardship.
03
Investment objectives
The private markets program targets a 8%-10% net nominal return outcome over a Multi-generational horizon, with emphasis on durable value creation and access to differentiated managers and businesses.
04
Spending & liquidity
Annual family spending is $22m plus taxes and family distributions. Maintain a liquidity reserve equal to Five years of family spending, taxes and expected net capital calls before making incremental illiquid commitments.
05
Allocation policy
Private markets has a 30% target and a 25%-35% policy range. Evaluate exposure using NAV, unfunded commitments and direct investment reserves.
06
Portfolio construction
Permitted strategies are buyout, venture, growth, private credit, real assets, secondaries and co-investments. Diversify across managers, vintages, geographies, sectors and investment structures.
07
Direct & co-investments
Direct and co-investments require sector expertise, governance rights and a documented exit path
08
Family governance
Family Investment Committee approves policy and direct investments; CIO approves funds within pacing budget
09
Risk limits
The family will apply the following concentration controls: 5% of total family assets per direct investment and 10% per external manager. Exceptions require explicit Investment Committee documentation.
10
Values & restrictions
Investment decisions should reflect Long-term ownership, responsible governance and avoidance of tobacco and predatory lending. Values-based restrictions must be documented without compromising fiduciary clarity.
11
Monitoring
The program will follow Quarterly monitoring and annual family policy approval, including allocation, liquidity, performance, concentration and governance reporting.
How to use this document generator
Review the example assumptions, replace them with information from your own investment process, and check every statement against the governing documents and source data. The interactive version updates the draft immediately and can export it to Word or PDF without a login.
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Draft status
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Scope
This is a practical starting point, not legal, tax, or investment advice.
Template 1.0 · Reviewed 13 August 2026