Free private markets document generator
Private Markets Liquidity & Cash-Flow Plan
Forecast private equity capital calls, distributions, unfunded commitments, liquidity coverage and stress actions in an LP-ready cash-flow plan. Combine private equity cash-flow forecasting, capital-call policy and downside liquidity planning in one LP workflow.
What this generator covers
Inputs used by the document
- Liquidity position: Institution, Plan date, Total portfolio, Private markets NAV, Unfunded commitments, Available liquid assets
- Cash-flow forecast: Expected 12-month calls, Expected 12-month distributions, Minimum liquidity buffer, Stress capital calls, Stress distributions
- Actions & controls: Funding sources, Escalation triggers, Contingency actions
01
Liquidity objective
Public Pension Investment Office's liquidity plan as of December 31, 2026 is designed to meet capital calls without forced sales while preserving flexibility for new commitments.
02
Current position
The $4.8bn portfolio includes $960m of private markets NAV and $1.65bn of available liquid assets.
03
Unfunded obligations
Unfunded commitments total $410m. The institution should distinguish near-term expected calls from longer-dated contractual obligations and update manager-level forecasts quarterly.
04
Capital-call coverage
Available liquid assets of $1.65bn provide the primary coverage pool. Coverage should be monitored against unfunded commitments, projected net calls and the institution's other spending needs.
05
Base-case cash flows
The next 12 months assume $145m of capital calls and $105m of distributions. The expected net funding need should be reserved before authorizing incremental commitments.
06
Stress scenario
The downside case assumes $210m over 12 months of calls and only $50m over 12 months of distributions. The liquidity plan must remain executable under this scenario.
07
Liquidity buffer
Maintain a minimum private markets liquidity buffer of $300m, separate from operating cash and near-term benefit or spending obligations.
08
Funding hierarchy
Use funding sources in the following order: cash, short-duration fixed income, public equity rebalancing and a committed credit facility. Avoid permanent leverage for routine capital calls.
09
Monitoring triggers
Escalate the plan when coverage below 2.0x, buffer below $300m or unfunded-to-liquid-assets above 30%. Report coverage, net calls, buffer and facility usage to the Investment Committee.
10
Contingency actions
slow new commitments, defer co-investments, sell liquid assets and use the credit facility only as a bridge
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.
Template transparency
Draft status
This template creates an editable first draft. Review every statement against source data and governing documents.
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Scope
This is a practical starting point, not legal, tax, or investment advice.
Template 1.0 · Reviewed 13 August 2026