Mastering Illiquidity: Risk management for portfolios of limited partnership funds

Abbreviations

ABS	asset-backed security
ACR	adjusted current ratio
ADIA	Abu Dhabi Investment Authority
AIF	alternative investment fund
AIFM	alternative investment fund manager
ALM	asset liability management
AMH	adaptive market hypothesis
AuM	assets under management
AVM	asset value model
B	bow factor
bps	basis points
C	contributions, drawdowns, capital calls of funds
CalPERS	California Public Employees' Retirement System
CalSTRS	California State Teachers' Retirement System
CAPM	capital asset pricing model
CC	committed capital
CDO	collateralized debt obligation
CFA	cash flow adjustment
CFaR	cash-flow-at-risk
CFO	collateralized fund obligation
CIC	China Investment Corporation
CR	current ratio
D	distributions, capital repayments of funds
DB	defined benefit plan
DC	defined contribution plan
DCF	discounted cash flows
DMM	default mode model
EIOPA	European Insurance and Occupational Pensions Authority
ESG	environmental, social and corporate governance
ESMA	European Securities and Markets Authority
EUR	euro
EVCA	European Venture Capital and Private Equity Association
FoF	fund-of-funds
FOIA	Freedom of Information Act
FRI	fixed interest rate
FRN	floating-rate note
G	growth rate
GIC	Government of Singapore Investment Corporation
GP	general partner
HMC	Harvard Management Corporation
HNW	high net worth
iCaR	invested-capital-at-risk
IFRS	International Financial Reporting Standard
IIRR	interim IRR
IMF