Free private markets document generator
Secondary Liquidity Planning Memo
Create a secondary liquidity planning memo covering sale objectives, portfolio selection, pricing, process, conflicts, risks and proceeds. Frame a potential LP-led secondary transaction around liquidity needs and portfolio quality.
What this generator covers
Inputs used by the document
- Liquidity objective: Institution, Target timing, Private markets NAV, Unfunded commitments, Expected 12-month calls, Target net proceeds
- Proposed sale: Proposed sale portfolio, Reference NAV, Expected pricing, Strategic rationale, Market conditions
- Process & governance: Advisor approach, Buyer universe, Conflict controls, Key risks, Recommendation
01
Executive summary
Community Foundation Investment Office should evaluate an LP-led secondary sale in Second half of 2027 targeting $80m-$110m of net proceeds.
02
Portfolio position
The private markets portfolio has $690m of NAV and $295m of unfunded commitments.
03
Liquidity need
Expected 12-month capital calls are $115m. A secondary sale would supplement distributions and protect commitment flexibility without relying solely on public-asset sales.
04
Transaction objective
Target net proceeds of $80m-$110m. The strategic rationale is to Increase liquidity, reduce tail exposure and rebalance vintage concentration.
05
Proposed portfolio
Eight mature buyout and growth funds from 2015-2019 vintages
06
Valuation & pricing
The portfolio has $135m of reference NAV and is expected to price at 85%-92% of reference NAV. Compare headline pricing after deferred consideration, fees, leakage and closing adjustments.
07
Market conditions
Improving buyer demand for diversified seasoned portfolios; financing remains selective
08
Sale process
Run a competitive process with an experienced secondary advisor. Target buyers include Dedicated secondary funds, diversified asset managers and selected strategic buyers. Preserve flexibility to remove assets or terminate the process.
09
Governance & conflicts
Independent pricing review, disclosure of advisor relationships and committee approval of any stapled transaction
10
Key risks
Key risks are pricing discount, information leakage, GP consent, deferred consideration and adverse selection. Establish minimum pricing, certainty and consent requirements before launching.
11
Recommendation
Authorize market testing and return to the Investment Committee before accepting a binding offer.
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.
Privacy and export
Inputs stay in your browser. Word and PDF exports are created locally and this page does not store your document.
Scope
This is a practical starting point, not legal, tax, or investment advice.
Template 1.0 · Reviewed 13 August 2026