Private Markets FX Hedging Calculator for Institutional LPs
For pension, endowment, family-office and fund-of-funds teams testing how exchange rates and hedging affect foreign-currency calls, distributions and returns.
The main institutional LP question“How much could currency movement change the MOIC and cash flows our institution ultimately receives?”
Base-currency return
Future calls and distributions are translated through the selected FX path; hedged cash flows use the entered forward rate and cost.
Base-currency MOIC
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Base-currency value under FX scenarios
Compare total translated distributions with and without the selected hedge.
Investment and FX return contribution
The FX contribution is the difference between base-currency and fund-currency MOIC.
Hedged and unhedged cumulative cash flow
Calls are negative and distributions are positive in the LP's base currency.
How the forecast works
The model converts each future call and distribution using base-currency units per fund-currency unit. The unhedged share follows the selected spot path; the hedged share uses the entered forward rate and cost. Historic paid-in capital uses today's rate because individual call-date FX rates are not collected.
Frequently asked questions
How is the FX rate quoted?
As base-currency units required for one unit of the fund currency.
Why translate historic paid-in at today's rate?
The public tool does not collect every historic call-date FX rate, so this is a transparent simplification.
Does hedging remove all FX risk?
No. The unhedged share remains exposed, and forward rates and hedge costs affect the result.