RT Journal Article
SR Electronic
T1 Illiquid Alternative Asset Fund Modeling
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 90
OP 100
DO 10.3905/jpm.2002.319836
VO 28
IS 2
A1 Dean Takahashi
A1 Seth Alexander
YR 2002
UL https://pm-research.com/content/28/2/90.abstract
AB A financial model that enables institutional investors to project future asset values and cash flows for funds in illiquid alternative asset classes such as venture capital, leveraged buyouts, real estate, and natural resources is the subject of this article. The model presented incorporates actual historical information to provide a base for forecasts. It allows investors with a portfolio of alternative assets to assess various scenarios with different fund commitment levels and different assumptions regarding contributions, distributions, and underlying net returns.