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Model scenariosLiquidity2 tools2 controlled cases

Proration model scenario desk

Use this desk to move from the definition to a controlled scenario: the event shape, the fill math, the document family, and the advisor route.

Scenario routeWhat happens when redemption demand is larger than available capacity?
2Scenarios2Tools2Examples1Outputs
Controlled examples2 model scenarios

See proration in controlled model scenarios.

This desk turns simplified filing-style language into advisor-readable mechanics without using live fund rows.

Scenarios shown2
Document checks2
Constrained scenarios2
Scenario dateJun 30, 2026
Advisor workflow
  1. 01Concept
    Define the mechanic

    Partial fulfillment when investor requests exceed the fund's repurchase capacity.

    Proration
  2. 02Document route
    Inspect the model event

    Repurchase policy, tender offer, or repurchase results showing requested amounts, accepted amounts, proration factor, or capped fill.

    Model scenarios
  3. 03Tool
    Model the mechanic

    Show proration, deferred demand, and why a stated cap is not the same as a guaranteed exit.

    Liquidity Simulator
  4. 04Controlled example
    Apply it to a model scenario

    Use a hypothetical liquidity window to show what happens when requests exceed stated capacity.

    MODEL-CREDIT-LIQUIDITY scenario
  5. 05Advisor output
    Leave with usable language

    Use when a fund has repurchase pressure, a partial fill, or a client asks what happens when requests exceed capacity.

    Manager questions
Private CreditMODEL-CREDIT-LIQUIDITYOpen scenario
43% model fill

Hypothetical liquidity window with oversubscription

The model window shows how a stated repurchase program can deliver partial liquidity when requests exceed capacity.

Window close
31 Mar 2026
Fill rate
43%
Accepted amount divided by requested amount
Cap applied
5% NAV
Accepted / requested
$50M / $116M
Private EquityMODEL-PE-TENDEROpen scenario
Tender-offer window

Model tender window with partial exit risk

The model tender cycle separates a scheduled exit process from daily liquidity and shows where proration language belongs.

Offer window
Quarterly model cycle
Offer cap
3% NAV
Demand pressure
2.4x
Unfilled handling
Resubmit next window

Related Tools

Model the mechanic before reading the scenario event.

LiveLiquidity SimulatorShow proration, deferred demand, and why a stated cap is not the same as a guaranteed exit.LiveFiling Trail DecoderRoute an advisor from a product question to the document type most likely to prove it.

Controlled Cases

Use model scenarios to keep the lesson independent.

Private CreditMODEL-CREDIT-LIQUIDITY
Repurchase program

Hypothetical liquidity window versus client cash need

Use a hypothetical liquidity window to show what happens when requests exceed stated capacity.

Open Learn example
Private EquityMODEL-PE-TENDER
Tender offer fund

Model tender-offer cycle and partial exit risk

Use a model private-equity tender cycle to show why an exit window is not the same thing as daily liquidity.

Open Learn example

Advisor Outputs

Turn the event into usable language and questions.

Manager questions

What was the worst recent fill rate, how were unfilled requests handled, and which document proves the current cap, cadence, and discretion language?

Learning Paths

Put the evidence inside a broader advisor workflow.

Core / 53 minLiquidity and exitsExplain what happens when a client asks for cash back.Intro / 62 minExplain it to a clientTranslate product mechanics into clear client language.

Controlled educational examples are not based on any specific fund. Product pages remain the source-backed layer for real fund facts.

Open concept definition