TY - JOUR T1 - Measuring Exposure for Limited Partnership Funds JF - The Journal of Investing DO - 10.3905/joi.2022.1.236 SP - joi.2022.1.236 AU - Emilian Belev AU - Thomas Meyer Y1 - 2022/07/09 UR - https://pm-research.com/content/early/2022/07/09/joi.2022.1.236.abstract N2 - Measuring the exposure to limited partnership funds investing in private assets is a key challenge to multi-asset class investors. It arises from the long time lags between milestone events: the commitment to the fund, the capital calls, and returning capital to the fund’s investors. The task is further complicated by the dual perspective of the portfolio of the fund as seen through the prism of the end investor or the manager. This article explores the variety of existing and potential measures that address this challenge, comparing their appropriate usage and potential adverse effects. The goal is to provide a neutral and multi-faceted view to improve investment decision-making. ER -