arrow_back All briefings
Full briefing v1
Week of 5 May 2026
Generated Monday 5 May 2026 at 07:00 UTC · Aldridge Family Office
Executive Summary

The portfolio enters the week with $487.3M AUM in USD terms, up 0.43% week-on-week. The overall risk posture is cautiously elevated: US equity concentration at 41% is above the 35% target band and represents the primary drawdown exposure. Two private equity capital calls totalling $6.2M are due within 30 days, requiring active liquidity monitoring.

Fixed income duration of 5.8 years remains a watch item in the context of persistent rate uncertainty. The EUR/USD exposure of approximately 12% is currently unhedged. No material changes to the private markets book this week.

Priority Risks
US equity overweight at 41% of AUM Priority
Current allocation exceeds the 35% upper target band by 6 percentage points, representing approximately $29M in excess exposure. At current correlation levels, a 10% drawdown in US equities would impact the portfolio by approximately $20M. Rebalancing into fixed income or international equity is the recommended mitigation path.
PE capital calls due within 30 days Priority
Blackstone Real Estate Partners VI has a $2.4M capital call due 10 May. KKR Infrastructure IV has a $3.8M call due 22 May. Combined $6.2M in the next 30 days against a liquid position of $39M. Cash runway remains adequate at 14 months but these calls should be pre-funded from the money market sleeve to avoid selling liquid equities at an inopportune time.
Fixed income duration elevated at 5.8 years Elevated
The aggregate duration of the fixed income sleeve is 5.8 years, implying approximately $6.2M in market value sensitivity per 100bps rate move. In the current environment of persistent above-target inflation and hawkish central bank commentary, this exposure warrants active monitoring. A shift toward shorter-duration instruments could reduce sensitivity without materially changing the allocation.
Allocation Commentary

Portfolio Composition

The portfolio's asset class breakdown remained stable week-on-week, with the main change being a $1.1M distribution received from Vista Equity Partners which was redeployed into the money market sleeve pending rebalancing decisions.

Asset Class Market Value Weight Target Deviation
US Equity $199.8M 41.0% 35.0% +6.0%
Fixed Income $107.2M 22.0% 25.0% −3.0%
Private Equity $87.7M 18.0% 20.0% −2.0%
Real Estate $53.6M 11.0% 10.0% +1.0%
Other / Cash $39.0M 8.0% 10.0% −2.0%
Recommended Actions
  • arrow_forward Pre-fund PE capital calls. Move $6.5M from money market sleeve to a dedicated settlement account ahead of the 10 May Blackstone call. Keeps liquid equity untouched.
  • arrow_forward Initiate rebalancing discussion. Reduce US equity by approximately 4–6% ($20–29M) by shifting into fixed income or international equity to bring allocation within target band before next IC meeting.
  • arrow_forward Review fixed income duration. Consider rotating approximately 20% of the AGG/TLT positions into shorter-duration instruments (1–3yr Treasuries) to reduce rate sensitivity from 5.8 to approximately 4.2 years.
  • arrow_forward Evaluate EUR/USD hedge. Current 12% EUR exposure is unhedged. Obtain FX forward quotes to hedge 50–75% of the exposure for a 6–12 month tenor. Cost estimate: 0.3–0.5% annualised.