The GP Manages the Clock
Private markets promised long-horizon investors an illiquidity premium. They did not promise that capital calls, redemptions, collateral, distributions, and sponsor demands would remain separate events.
Topic
Liquidity
Coverage, charts, video and research on Liquidity for universal owners.
Latest in Liquidity
Private Credit
Sizing Private Credit: A Due-Diligence, Liquidity and Covenant Checklist
A practical checklist for committees: separate skill from leverage and illiquidity premia, stress your own liquidity assuming gates, and read the covenant package before the yield.
UAO Research
Private Markets Meet the Liquidity Question
Record dry powder, a backed-up distribution cycle, and the denominator effect. Private markets meet the liquidity question.
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