Abbreviations
| ABS | asset-backed security |
| ACR | adjusted current ratio |
| ADIA | Abu Dhabi Investment Authority |
| AIF | alternative investment fund |
| AIFM | alternative investment fund manager |
| ALM | asset liability management |
| AMH | adaptive market hypothesis |
| AuM | assets under management |
| AVM | asset value model |
| B | bow factor |
| bps | basis points |
| C | contributions, drawdowns, capital calls of funds |
| CalPERS | California Public Employees' Retirement System |
| CalSTRS | California State Teachers' Retirement System |
| CAPM | capital asset pricing model |
| CC | committed capital |
| CDO | collateralized debt obligation |
| CFA | cash flow adjustment |
| CFaR | cash-flow-at-risk |
| CFO | collateralized fund obligation |
| CIC | China Investment Corporation |
| CR | current ratio |
| D | distributions, capital repayments of funds |
| DB | defined benefit plan |
| DC | defined contribution plan |
| DCF | discounted cash flows |
| DMM | default mode model |
| EIOPA | European Insurance and Occupational Pensions Authority |
| ESG | environmental, social and corporate governance |
| ESMA | European Securities and Markets Authority |
| EUR | euro |
| EVCA | European Venture Capital and Private Equity Association |
| FoF | fund-of-funds |
| FOIA | Freedom of Information Act |
| FRI | fixed interest rate |
| FRN | floating-rate note |
| G | growth rate |
| GIC | Government of Singapore Investment Corporation |
| GP | general partner |
| HMC | Harvard Management Corporation |
| HNW | high net worth |
| iCaR | invested-capital-at-risk |
| IFRS | International Financial Reporting Standard |
| IIRR | interim IRR |
| IMF | International Monetary Fund |
| IORP Directive | Directive on the activities and supervision of institutions for occupational retirement provisions |
| IPEV | International private equity and venture capital valuation guidelines |
| IRR | internal rate of return |
| ITVPI | interim TVPI |
| KIA | Kuwait Investment Authority |
| L | lifetime of fund |
| LBO | leveraged buyout |
| LDI | liability-driven investing |
| LP | limited partner |
| M&A | mergers and acquisitions |
| MPT | modern portfolio theory |
| NAV | net asset value |
| NPI | net paid-in |
| NPV | net present value |
| OCL | outstanding commitment level |
| OCR | overcommitment ratio |
| OMERS | Ontario Municipal Employees Retirement System |
| p.a. | per annum |
| PD/LGD | probability of default/loss given default |
| PIC | paid-in capital |
| PME | public market equivalent |
| PPM | private placement memorandum |
| RC | rate of contribution |
| S&P | Standard & Poor's |
| SPV | special purpose vehicle |
| SWF | sovereign wealth fund |
| T | trigger point |
| TVPI | total value to paid-in |
| UBS | Union Bank of Switzerland |
| UCGL | unrealized capital gains and losses |
| USD | US dollar |
| VaR | value-at-risk |
| VC | venture capital |
| WEF | World Economic Forum |
| Y | yield |
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