Private Equity Secondary Sale Calculator for LP Liquidity
Test whether calls and lower cash returns could leave you below your cash floor. See how much NAV an LP would need to sell at the chosen secondary discount.
Questions this calculator answers1. Could capital calls force our family office to make a private equity secondary sale?2. At a 20% secondary-sale discount, how much must we sell to restore our cash reserve?3. After the sale, how much would we still hold in private markets?
Projected liquidity intervention
The model uses the larger of your reserve and minimum cash balance as its floor. It models a sale only if liquid assets fall below that floor.
Minimum gross NAV sale
No sale required
Projected liquidity remains above the selected floor.
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 return you enter. Add outside cash inflows and cash returned by funds, then take out spending and calls. If cash falls below your floor, the model sells NAV at the chosen discount to fill the gap. It cannot sell more private NAV than you hold.
Frequently asked questions
How does a secondary discount affect the NAV that must be sold?
At a discount, each dollar of NAV sells for less than one dollar of cash. You must sell more NAV to fill the same gap.
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 the smallest modeled sale needed to restore your cash floor in the chosen case.