This structure gives scheduled access to private-market exposure, but liquidity windows, fees, tax reporting, and source documents control the client experience.
Advisor Packet
The wrapper controls how money gets in, how liquidity windows work, what tax form appears, and which fees apply.
Scheduled liquidity means the fund may offer repurchases, but requests can exceed available capacity.
Before comparing returns, we should identify the share class, fee stack, and source documents.
Wrapper type and liquidity mechanism.
Confirm the legal wrapper before reading the asset class.
Find the stated liquidity window and any discretion language.
Check whether tax form and subscription process match the client account.
Confirm the cap as a percentage of NAV or shares.
Find timing, notice, pricing, and board discretion language.
Compare stated capacity with accepted-versus-requested history.
Semi-liquid alternatives appears in AltHarbor when wrapper type, liquidity schedule, tax form need plain-English explanation from the reference desk.
LiquidityRepurchase programRepurchase program appears in AltHarbor when repurchase cap, repurchase cadence, requested / accepted need plain-English explanation from the reference desk.
AccessShare classShare class appears in AltHarbor when share class, eligibility, servicing fee need plain-English explanation from the reference desk.
Use before applying strategy or performance claims so the wrapper does not get confused with the underlying asset class.
LiveLiquidity SimulatorShow proration, deferred demand, and why a stated cap is not the same as a guaranteed exit.
Use a controlled BDC scenario to connect wrapper structure, servicing fees, and share-class comparison before discussing performance.
Repurchase programMODEL-CREDIT-LIQUIDITY: Hypothetical liquidity window versus client cash needUse a hypothetical liquidity window to show what happens when requests exceed stated capacity.
Explain what semi-liquid alternatives are and where they fit.
Core / 71 minEvaluate a first fundTurn a fund pitch into a source-backed diligence agenda.
Core / 53 minLiquidity and exitsExplain what happens when a client asks for cash back.
Core / 41 minFees and performanceCompare performance after understanding what the return includes.
This structure gives scheduled access to private-market exposure, but liquidity windows, fees, tax reporting, and source documents control the client experience.
Client-safe summaryConfirm the legal wrapper before reading the asset class.
Semi-liquid alternativesUse before applying strategy or performance claims so the wrapper does not get confused with the underlying asset class.
Wrapper MatrixUse a controlled BDC scenario to connect wrapper structure, servicing fees, and share-class comparison before discussing performance.
MODEL-BDC-FEE: Model BDC wrapper and share-class economicsExplain what semi-liquid alternatives are and where they fit.
Market foundationsAdvisor Output
This is education about the structure, not a recommendation or a liquidity promise.
Anchor the explanation to facts the advisor can verify on AltHarbor or in the fund documents.
Source Concepts
Prospectus structure summary, liquidity policy, tax disclosure, and subscription materials.
Repurchase policy, prospectus liquidity section, tender documents, and accepted-versus-requested results.
Prospectus share-class table, supplement, subscription agreement, platform materials, and fee schedule.
Related Tools
Controlled Examples
Use a controlled BDC scenario to connect wrapper structure, servicing fees, and share-class comparison before discussing performance.
Use a hypothetical liquidity window to show what happens when requests exceed stated capacity.
Use when a client needs a concise explanation of what the wrapper controls before performance is discussed.
Open related workflowLearning Paths