Private Equity Secondary Sale Calculator for LP Liquidity
For institutional LPs testing whether calls and weaker distributions could breach a liquidity floor—and how much NAV must be sold at the entered secondary discount.
The main institutional LP question“Could liquidity stress force our portfolio to sell private-market NAV in the secondary market?”
Projected liquidity intervention
A sale is modeled only when pre-sale liquidity falls below the larger of the selected reserve and minimum cash balance.
Minimum gross NAV sale
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Liquidity balance through time
Compare the balance before any sale, the restored balance after a sale and the selected floor.
Capital calls and distributions
Stress scenarios alter the timing and scale of these private-market cash flows.
Required sale by scenario
Gross NAV required at the entered secondary-market discount.
How the forecast works
Liquid assets earn the entered return, receive external inflows, pay spending and calls, and receive distributions. If cash then falls below the selected floor, the model sells enough gross NAV—after the entered discount—to restore liquidity, subject to available private NAV.
Frequently asked questions
How does a secondary discount affect the NAV that must be sold?
A discount means each dollar of NAV produces less than one dollar of cash, so a larger gross NAV sale is required to fill the same shortfall.
Do calls add to private NAV?
Yes. Funded calls move cash into private NAV before modeled returns and distributions.
Is a modeled sale a recommendation?
No. It is an illustrative intervention required to restore the selected floor.