Research Area
Liquidity & Spending for family offices
Map spending, uncertain inflows and capital calls before deciding how much to lock away.
The central question
What must the portfolio fund, and when?
Building a Liquidity Ladder Around Dated Obligations
Match available assets to payment dates, distinguish cash from borrowing capacity, and test the ladder under disrupted markets.
Cash-Flow Budgeting for Investment Committee Decisions
Build a dated, owner-specific cash forecast that separates recurring spending, investment flows, and uncertain receipts.
Spending Policy and the Preservation of Purchasing Power
Connect distributions, inflation, fees, and spending flexibility without mistaking a required return for an achievable forecast.
Illiquidity and Capital Calls in a Family Portfolio
Size private commitments using dated funding stresses, uncertain distributions, existing obligations, and operational readiness.
Connect the assumptions.
The same spending requirement can imply different decisions when the time horizon, business exposure or ability to raise cash changes.
Use the reference models and worked cases to make those differences explicit.