Free private markets document generator
Private Markets Portfolio Risk Limits & Rebalancing Policy
Create a private markets risk limits and rebalancing policy covering allocation, manager, strategy, vintage, geography, liquidity, breaches and corrective actions. Combine portfolio exposure limits with explicit rebalancing triggers and corrective actions.
What this generator covers
Inputs used by the document
- Policy scope: Institution, Policy purpose, Scope, Total allocation limit
- Exposure limits: Single-fund limit, Manager limit, Strategy limit, Vintage-year limit, Geography limit
- Monitoring & exceptions: Liquidity limit, Monitoring, Rebalancing triggers & actions, Exceptions, Breach response
01
Policy purpose
This policy establishes concentration, liquidity and aggregation limits for the private markets program.
02
Scope
All private equity, venture, growth, private credit, infrastructure, secondaries and co-investment exposures.
03
Total allocation limit
Private markets NAV plus unfunded commitments may not exceed 27% of total portfolio value.
04
Single-fund limit
No commitment may exceed 3% of total private markets NAV plus unfunded commitments.
05
Manager concentration limit
Aggregate exposure to one manager may not exceed 12% of program exposure.
06
Strategy concentration limit
No single strategy may exceed 45% of program exposure without Committee approval.
07
Vintage-year concentration limit
No vintage year may exceed 25% of program exposure measured at commitment.
08
Geographic concentration limit
Non-domestic exposure may not exceed 45% of program exposure unless explicitly approved.
09
Liquidity limit
Maintain stressed call coverage and do not approve commitments that breach the approved liquidity plan.
10
Monitoring
Review exposure limits quarterly using NAV, unfunded commitments, look-through data and approved aggregation rules.
11
Rebalancing triggers & actions
When an exposure breaches its limit, pause incremental commitments, adjust pacing, use distributions or secondary sales, and document the return-to-policy timetable.
12
Exceptions
Staff must document the rationale, duration, remediation plan and approval authority for any exception.
13
Breach response
Freeze incremental exposure, notify the Investment Committee and present a remediation plan within 30 days.
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