--- title: "Glossary | Altss" description: "Investment and private-markets definitions. Browse the index, then open a term for its full definition, category, related concepts and source dates." canonical: "https://altss.com/glossary" --- Public knowledge · 420 concepts # Glossary Investment and private-markets definitions. Browse the index, then open a term for its full definition, category, related concepts and source dates. ## 3 2 entries - [3(c)(1) Fund](https://altss.com/glossary/3-c-1-fund) Legal, Regulatory & Tax - [3(c)(7) Fund](https://altss.com/glossary/3-c-7-fund) Legal, Regulatory & Tax ## 4 1 entry - [409A Valuation](https://altss.com/glossary/409a-valuation) Valuation ## A 20 entries - [Accredited Investor](https://altss.com/glossary/accredited-investor) Legal, Regulatory & Tax - [Active Fundraising](https://altss.com/glossary/active-fundraising) Fundraising & Signals - [Add-On Acquisition](https://altss.com/glossary/add-on-acquisition) Transaction Type - [Adjusted EBITDA](https://altss.com/glossary/adjusted-ebitda) Underwriting Metric - [AI Due Diligence Tools](https://altss.com/glossary/ai-due-diligence-tools) Data & Intelligence - [Alignment of Interests](https://altss.com/glossary/alignment-of-interests) Governance & Incentives - [Allocator intelligence](https://altss.com/glossary/allocator-intelligence) Data & Intelligence - [Alpha](https://altss.com/glossary/alpha) Performance Measurement - [Alternative Investment Fund Managers Directive (AIFMD)](https://altss.com/glossary/aifmd) Legal, Regulatory & Tax - [Alternative Investments (Alternative Assets)](https://altss.com/glossary/alternative-assets) Asset Class - [American (Deal-by-Deal) Waterfall](https://altss.com/glossary/american-waterfall) Fund Economics - [Anchor Investor](https://altss.com/glossary/anchor-investor) Fundraising & Allocation - [Angel Investor](https://altss.com/glossary/angel-investor) Venture Ecosystem - [Angel Syndicate](https://altss.com/glossary/angel-syndicate) Venture Ecosystem - [Annual Recurring Revenue (ARR)](https://altss.com/glossary/annual-recurring-revenue) Underwriting Metric - [Anti-Dilution Protection](https://altss.com/glossary/anti-dilution) Shareholder Rights & Company Governance - [Asset Allocation](https://altss.com/glossary/asset-allocation) Portfolio Construction - [Asset-Based Finance (ABF)](https://altss.com/glossary/asset-based-finance) Strategy - [Assets Under Management (AUM)](https://altss.com/glossary/assets-under-management) Performance & Benchmarking - [Audit](https://altss.com/glossary/audit) Operational Infrastructure ## B 8 entries - [Benchmark](https://altss.com/glossary/benchmark) Performance Measurement - [Beneficial Ownership](https://altss.com/glossary/beneficial-ownership) Legal, Regulatory & Tax - [Beta](https://altss.com/glossary/beta) Performance Measurement - [Bitemporal Data](https://altss.com/glossary/bitemporal-data) Evidence & Data - [Blocker Corporation](https://altss.com/glossary/blocker-corporation) Fund / Vehicle Structure - [Bounce Rate](https://altss.com/glossary/bounce-rate) Data Quality - [Business Development Company (BDC)](https://altss.com/glossary/business-development-company) Fund / Vehicle Structure - [Buy-and-Build](https://altss.com/glossary/buy-and-build) Strategy ## C 33 entries - [Cap Rate (Capitalization Rate)](https://altss.com/glossary/cap-rate) Underwriting Metric - [Cap Table (Capitalization Table)](https://altss.com/glossary/cap-table-capitalization-table) Shareholder Rights & Company Governance - [Capacity](https://altss.com/glossary/capacity) Manager Evaluation - [Capital Account Statement](https://altss.com/glossary/capital-account-statement) Reporting - [Capital Advisory](https://altss.com/glossary/capital-advisory) Advisory & Intermediaries - [Capital Call](https://altss.com/glossary/capital-call) Fund Lifecycle - [Capital Commitment](https://altss.com/glossary/capital-commitment) Fund Lifecycle - [Capital Stack](https://altss.com/glossary/capital-stack) Capital Structure - [Carried Interest (Carry)](https://altss.com/glossary/carried-interest-carry) Fund Economics - [Chief Investment Officer (CIO)](https://altss.com/glossary/cio) Allocator Roles - [Chief of Staff (Family Office)](https://altss.com/glossary/chief-of-staff-family-office) Family Office Roles - [Close Acceleration Tactics](https://altss.com/glossary/close-acceleration-tactics) Fundraising Process - [Closed-End Fund](https://altss.com/glossary/closed-end-fund) Fund / Vehicle Structure - [Co-Investment](https://altss.com/glossary/co-investment) Strategy - [Commitment Pacing](https://altss.com/glossary/commitment-pacing) Portfolio Construction - [Comparable Company Analysis (Trading Comps)](https://altss.com/glossary/comparable-company-analysis) Valuation - [Competitive Intelligence on Allocators](https://altss.com/glossary/competitive-intelligence-on-allocators) OSINT - [Compliance](https://altss.com/glossary/compliance) Governance & Risk - [Concentration Risk](https://altss.com/glossary/concentration-risk) Risk & Constraints - [Concierge Services](https://altss.com/glossary/concierge-services) Family Office Structure - [Confidence Score](https://altss.com/glossary/confidence-score) Evidence & Data - [Conflict of Interest](https://altss.com/glossary/conflict-of-interest) Governance & Risk - [Continuation Vehicle (CV)](https://altss.com/glossary/continuation-vehicle) Fund / Vehicle Structure - [Convertible Note](https://altss.com/glossary/convertible-note) Security / Instrument - [Core Infrastructure](https://altss.com/glossary/core-infrastructure) Strategy - [Core Real Estate](https://altss.com/glossary/core-real-estate) Strategy - [Core-Plus Real Estate](https://altss.com/glossary/core-plus-real-estate) Strategy - [Corporate Carve-Out](https://altss.com/glossary/corporate-carve-out) Transaction Type - [Correlation](https://altss.com/glossary/correlation) Risk & Portfolio Construction - [Covenant Package](https://altss.com/glossary/covenant-package) Private Credit Terms - [Covenant-Lite](https://altss.com/glossary/covenant-lite) Private Credit - [Credit Spread](https://altss.com/glossary/credit-spread) Underwriting Metric - [Custody](https://altss.com/glossary/custody) Operational Infrastructure ## D 35 entries - [Data Freshness](https://altss.com/glossary/data-freshness) Evidence & Data - [Data Provenance](https://altss.com/glossary/data-provenance) Evidence & Data - [Data Quality Dimensions](https://altss.com/glossary/data-quality-dimensions) Evidence & Data - [Data Room](https://altss.com/glossary/data-room) Fundraising Operations - [Deal Attribution](https://altss.com/glossary/deal-attribution) Performance Measurement - [Deal Flow](https://altss.com/glossary/deal-flow) Investment Process - [Deal Sourcing](https://altss.com/glossary/deal-sourcing) Investment Process - [Debt Service Coverage Ratio (DSCR)](https://altss.com/glossary/dscr-debt-service-coverage-ratio) Underwriting Metric - [Debt Yield](https://altss.com/glossary/debt-yield) Underwriting Metric - [Debt-to-EBITDA (Leverage Multiple)](https://altss.com/glossary/debt-to-ebitda) Underwriting Metric - [Decision Authority](https://altss.com/glossary/decision-authority) Family Office Governance - [Decision Catalyst Identification](https://altss.com/glossary/decision-catalyst-identification) Fundraising Process - [Decision Chain](https://altss.com/glossary/decision-chain) Family Office Governance - [Decision Chain Mapping](https://altss.com/glossary/decision-chain-mapping) OSINT - [Default Risk](https://altss.com/glossary/default-risk) Risk & Constraints - [Demo Day](https://altss.com/glossary/demo-day) Venture Ecosystem - [Denominator Effect](https://altss.com/glossary/denominator-effect) Portfolio Construction - [Deployment Pace](https://altss.com/glossary/deployment-pace) Fund Mechanics - [Dilution](https://altss.com/glossary/dilution) Shareholder Rights & Company Governance - [Direct Alpha](https://altss.com/glossary/direct-alpha) Performance & Benchmarking - [Direct Investment](https://altss.com/glossary/direct-investment) Investment Approaches - [Direct Lending](https://altss.com/glossary/direct-lending) Strategy - [Discounted Cash Flow (DCF)](https://altss.com/glossary/discounted-cash-flow) Valuation - [Distressed Debt](https://altss.com/glossary/distressed-debt) Strategy - [Distribution Waterfall](https://altss.com/glossary/waterfall) Fund Economics - [Distributions](https://altss.com/glossary/distributions) Fund Lifecycle - [Distributions to Paid-In (DPI)](https://altss.com/glossary/dpi) Performance & Benchmarking - [Diversification](https://altss.com/glossary/diversification) Portfolio Construction - [Dividend Recapitalization](https://altss.com/glossary/dividend-recapitalization) Transaction Type - [Down Round](https://altss.com/glossary/down-round) Transaction Type - [Drawdown](https://altss.com/glossary/drawdown) Risk & Constraints - [Dry Powder](https://altss.com/glossary/dry-powder) Fund Economics - [Due Diligence](https://altss.com/glossary/due-diligence) Due Diligence - [Due Diligence Questionnaire (DDQ)](https://altss.com/glossary/ddq) Due Diligence - [Duration](https://altss.com/glossary/duration) Risk & Constraints ## E 16 entries - [Earnout](https://altss.com/glossary/earnout) Deal Terms & Mechanics - [Emerging Manager](https://altss.com/glossary/emerging-manager) Manager Type - [Employee Option Pool](https://altss.com/glossary/option-pool) Shareholder Rights & Company Governance - [Employee Retirement Income Security Act of 1974 (ERISA)](https://altss.com/glossary/erisa) Legal, Regulatory & Tax - [Endowment](https://altss.com/glossary/endowment) Allocator Type - [Enterprise Value (EV)](https://altss.com/glossary/enterprise-value) Valuation - [Entity Resolution](https://altss.com/glossary/entity-resolution) Evidence & Data - [Entrepreneurship Through Acquisition (ETA)](https://altss.com/glossary/entrepreneurship-through-acquisition) Strategy - [Equity Multiple](https://altss.com/glossary/equity-multiple) Underwriting Metric - [ESG Integration Score](https://altss.com/glossary/esg-integration-score) Fundraising - [European (Whole-Fund) Waterfall](https://altss.com/glossary/european-waterfall) Fund Economics - [European Long-Term Investment Fund (ELTIF)](https://altss.com/glossary/eltif) Fund / Vehicle Structure - [EV/EBITDA Multiple](https://altss.com/glossary/ev-ebitda-multiple) Valuation - [Evergreen Fund](https://altss.com/glossary/evergreen-fund) Fund / Vehicle Structure - [Evidence Dates](https://altss.com/glossary/evidence-dates) Evidence & Data - [Exit Strategy](https://altss.com/glossary/exit-strategy) Investment Process ## F 60 entries - [Factor Exposure](https://altss.com/glossary/factor-exposure) Risk & Portfolio Construction - [Fair Value](https://altss.com/glossary/fair-value) Valuation - [Family Charter](https://altss.com/glossary/family-charter) Family Office Governance - [Family Constitution](https://altss.com/glossary/family-constitution) Family Office Governance - [Family Council](https://altss.com/glossary/family-council) Family Office Governance - [Family Governance](https://altss.com/glossary/family-governance) Family Office Governance - [Family Office](https://altss.com/glossary/family-office) Allocator Type - [Family Office CFO](https://altss.com/glossary/family-office-cfo) Family Office Operations - [Family Office Check Size Range](https://altss.com/glossary/family-office-check-size-range) Family Office Investment Behavior - [Family Office Contacts](https://altss.com/glossary/family-office-contacts) Family Office Data - [Family Office Controller](https://altss.com/glossary/family-office-controller) Family Office Operations - [Family Office Database](https://altss.com/glossary/family-office-database) Family Office Data - [Family Office Decision Velocity](https://altss.com/glossary/family-office-decision-velocity) Family Office Decision-Making - [Family Office Decision-Maker](https://altss.com/glossary/family-office-decision-maker) Family Office Governance - [Family Office Direct Investment](https://altss.com/glossary/family-office-direct-investment) Family Office Investment Behavior - [Family Office Directory](https://altss.com/glossary/family-office-directory) Family Office Data - [Family Office Executive Director](https://altss.com/glossary/family-office-executive-director) Family Office Roles - [Family Office Gatekeeper](https://altss.com/glossary/family-office-gatekeeper) Family Office Fundraising Process - [Family Office General Counsel](https://altss.com/glossary/family-office-general-counsel) Family Office Governance - [Family Office Geographic Focus](https://altss.com/glossary/family-office-geographic-focus) Family Office Data - [Family Office Investment Committee](https://altss.com/glossary/family-office-investment-committee) Family Office Governance - [Family Office Investment Preferences](https://altss.com/glossary/family-office-investment-preferences) Family Office Strategy - [Family Office Investment Team](https://altss.com/glossary/family-office-investment-team) Family Office Roles - [Family Office Investor Database](https://altss.com/glossary/family-office-investor-database) Family Office Data - [Family Office Leads](https://altss.com/glossary/family-office-leads) Fundraising & Outreach - [Family Office Liquidity Preference](https://altss.com/glossary/family-office-liquidity-preference) Family Office Strategy - [Family Office List](https://altss.com/glossary/family-office-list) Family Office Data - [Family Office Mandate](https://altss.com/glossary/family-office-mandate) Family Office Strategy - [Family Office Mandate Fit](https://altss.com/glossary/family-office-mandate-fit) Fundraising & Outreach - [Family Office Minimum AUM Threshold](https://altss.com/glossary/family-office-minimum-aum-threshold) Family Office Structure - [Family Office Operating Model](https://altss.com/glossary/family-office-operating-model) Family Office Structure - [Family Office Prospecting](https://altss.com/glossary/family-office-prospecting) Fundraising & Outreach - [Family Office Sector Focus](https://altss.com/glossary/family-office-sector-focus) Family Office Data - [Family Office Services Scope](https://altss.com/glossary/family-office-services-scope) Family Office Structure - [Family Office Strategic vs Financial Investing](https://altss.com/glossary/family-office-strategic-vs-financial-investing) Family Office Investment Behavior - [Family Trust](https://altss.com/glossary/family-trust) Family Office Structure - [Family Values Alignment](https://altss.com/glossary/family-values-alignment) Family Office Decision-Making - [Fee Drag](https://altss.com/glossary/fee-drag) Performance & Economics - [Fee Offset](https://altss.com/glossary/fee-offset) Fund Terms - [Fee Waiver](https://altss.com/glossary/fee-waiver) GP Economics & Fees - [Final Close](https://altss.com/glossary/final-close) Fund Lifecycle - [First Close](https://altss.com/glossary/first-close) Fund Lifecycle - [First Lien](https://altss.com/glossary/first-lien) Security / Instrument - [First-Time Fund Manager](https://altss.com/glossary/first-time-fund-manager) Manager Types - [Follow-On Investment](https://altss.com/glossary/follow-on-investment) Portfolio Management - [Follow-on Reserves](https://altss.com/glossary/follow-on-reserves) Venture Terms - [Follow-Up Cadence Optimization](https://altss.com/glossary/follow-up-cadence-optimization) Fundraising Process - [Form ADV](https://altss.com/glossary/form-adv) Legal, Regulatory & Tax - [Form D](https://altss.com/glossary/form-d) Legal, Regulatory & Tax - [Form PF](https://altss.com/glossary/form-pf) Legal, Regulatory & Tax - [Foundation (Charitable Foundation)](https://altss.com/glossary/foundation) Allocator Type - [Fund Administrator](https://altss.com/glossary/fund-administrator) Intermediary & Service Provider - [Fund Manager](https://altss.com/glossary/fund-manager) Private Markets Participants - [Fund of Funds (FoF)](https://altss.com/glossary/fund-of-funds-fof) Fund / Vehicle Structure - [Fund Structure](https://altss.com/glossary/fund-structure) Fund Structures - [Fund Term (Fund Life)](https://altss.com/glossary/term-fund-life) Fund Lifecycle - [Fundraising (Private Fund Fundraising)](https://altss.com/glossary/fundraising) Fundraising & Investor Relations - [Fundraising Period](https://altss.com/glossary/fundraising-period) Fundraising Process - [Fundraising Status](https://altss.com/glossary/fundraising-status) Fundraising Process - [Fundraising Velocity Metrics](https://altss.com/glossary/fundraising-velocity-metrics) Fundraising Process ## G 12 entries - [Gatekeeper Identification](https://altss.com/glossary/gatekeeper-identification) OSINT - [Gates](https://altss.com/glossary/gates) Fund Terms - [General Partner (GP)](https://altss.com/glossary/general-partner) Manager Type - [GP Catch-Up](https://altss.com/glossary/catch-up) Fund Economics - [GP Clawback](https://altss.com/glossary/clawback) Fund Economics - [GP Commitment](https://altss.com/glossary/gp-commitment) Fund Economics - [GP Economics](https://altss.com/glossary/gp-economics) Fund Economics - [GP Stakes](https://altss.com/glossary/gp-stakes) Strategy - [GP Track Record Attribution](https://altss.com/glossary/gp-track-record-attribution) Manager Evaluation - [GP-Led Secondary](https://altss.com/glossary/gp-led-secondary) Transaction Type - [Gross IRR](https://altss.com/glossary/gross-irr) Performance & Benchmarking - [Growth Equity](https://altss.com/glossary/growth-equity) Strategy ## H 5 entries - [Hard Cap](https://altss.com/glossary/hard-cap) Fundraising & Investor Relations - [Hedge Fund](https://altss.com/glossary/hedge-fund) Fund / Vehicle Structure - [Hedge Fund Strategies](https://altss.com/glossary/hedge-fund-strategies) Strategy - [Holding Company](https://altss.com/glossary/holding-company) Family Office Structure - [Hurdle Rate](https://altss.com/glossary/hurdle-rate) Fund Economics ## I 30 entries - [IC Memo (Investment Committee Memo)](https://altss.com/glossary/investment-committee-memo) Governance & Decision-Making - [Illiquidity Premium](https://altss.com/glossary/illiquidity-premium) Portfolio Construction - [ILPA Reporting Template](https://altss.com/glossary/ilpa-reporting-template) Reporting - [Impact Investing](https://altss.com/glossary/impact-investing) - [Independent Sponsor](https://altss.com/glossary/independent-sponsor) Manager Type - [Independent Sponsor Economics](https://altss.com/glossary/independent-sponsor-economics) Fund Economics - [Information Ratio](https://altss.com/glossary/information-ratio) Fund Economics - [Infrastructure Investing](https://altss.com/glossary/infrastructure-investing) Asset Class - [Institutional Investor](https://altss.com/glossary/institutional-investors) Allocator Type - [Institutional Investor Database](https://altss.com/glossary/institutional-investor-database) Data & Intelligence - [Intent Signal Detection](https://altss.com/glossary/intent-signal-detection) OSINT - [Interest Coverage Ratio (ICR)](https://altss.com/glossary/interest-coverage-ratio) Underwriting Metric - [Intergenerational Wealth Transfer](https://altss.com/glossary/intergenerational-wealth-transfer) Family Office Governance - [Internal Rate of Return (IRR)](https://altss.com/glossary/irr) Performance & Benchmarking - [Interval Fund](https://altss.com/glossary/interval-fund) Fund / Vehicle Structure - [Introduction Path](https://altss.com/glossary/introduction-path) Allocator Targeting - [Investment Bank](https://altss.com/glossary/investment-bank) Advisory & Intermediaries - [Investment Committee (IC)](https://altss.com/glossary/investment-committee) Allocator Roles - [Investment Consultant](https://altss.com/glossary/investment-consultant) Intermediary & Service Provider - [Investment Mandate](https://altss.com/glossary/investment-mandate) Investment Approaches - [Investment Period](https://altss.com/glossary/investment-period) Fund Lifecycle - [Investment Policy Statement (IPS)](https://altss.com/glossary/investment-policy-statement) Reporting & Governance - [Investment Readiness](https://altss.com/glossary/investment-readiness) Workflow & Monitoring - [Investment Team Turnover](https://altss.com/glossary/investment-team-turnover) Team & Operational Risk - [Investment Thesis](https://altss.com/glossary/investment-thesis) Investment Process - [Investor Intelligence](https://altss.com/glossary/investor-intelligence) Data & Intelligence - [Investor Qualification](https://altss.com/glossary/investor-qualification) Fundraising & Outreach - [Investor Qualification Criteria](https://altss.com/glossary/investor-qualification-criteria) Fundraising Process - [Investor Target List](https://altss.com/glossary/investor-target-list) Fundraising & Outreach - [IPEV Valuation Guidelines](https://altss.com/glossary/ipev-valuation-guidelines) Valuation ## J 1 entry - [J-Curve](https://altss.com/glossary/j-curve) Performance & Benchmarking ## K 3 entries - [Kaplan–Schoar Public Market Equivalent (KS-PME)](https://altss.com/glossary/ks-pme) Performance & Benchmarking - [Key Person Clause](https://altss.com/glossary/key-person-clause) Governance & LP Rights - [KYC and AML](https://altss.com/glossary/kyc-aml) Legal, Regulatory & Tax ## L 25 entries - [Lead Investor](https://altss.com/glossary/lead-investor) Venture Ecosystem - [Legal Entity Hierarchy](https://altss.com/glossary/legal-entity-hierarchy) Monitoring & Governance - [Legal Entity Hierarchy Mapping](https://altss.com/glossary/legal-entity-hierarchy-mapping) OSINT - [Leverage](https://altss.com/glossary/leverage) Risk & Constraints - [Leveraged Buyout (LBO)](https://altss.com/glossary/leveraged-buyout) Transaction Type - [Limited Partner (LP)](https://altss.com/glossary/limited-partner) Person / Role - [Limited Partner Advisory Committee (LPAC)](https://altss.com/glossary/lpac) Governance & LP Rights - [Limited Partnership (LP)](https://altss.com/glossary/limited-partnership) Fund / Vehicle Structure - [Limited Partnership Agreement (LPA)](https://altss.com/glossary/limited-partnership-agreement) Governance & LP Rights - [Liquidation Preference](https://altss.com/glossary/liquidation-preference) Shareholder Rights & Company Governance - [Liquidity](https://altss.com/glossary/liquidity) Risk & Constraints - [Liquidity Budget](https://altss.com/glossary/liquidity-budget) Risk & Constraints - [Liquidity Mismatch](https://altss.com/glossary/liquidity-mismatch) Risk & Constraints - [Liquidity Sleeve](https://altss.com/glossary/liquidity-sleeve) Portfolio Construction - [Loan-to-Value (LTV)](https://altss.com/glossary/loan-to-value) Underwriting Metric - [Lockup](https://altss.com/glossary/lockup) Fund Terms - [Look-Through Exposure](https://altss.com/glossary/look-through-exposure) Portfolio Construction - [LP Decision Cycle](https://altss.com/glossary/lp-decision-cycle) Allocator Process - [LP Event Strategy](https://altss.com/glossary/lp-event-strategy) Fundraising Process - [LP Meeting Preparation Playbook](https://altss.com/glossary/lp-meeting-preparation-playbook) Fundraising Process - [LP Pipeline Stages](https://altss.com/glossary/lp-pipeline-stages) Fundraising Process - [LP Target List Prioritization](https://altss.com/glossary/lp-target-list-prioritization) Fundraising Process - [LP Ticket Size Range](https://altss.com/glossary/lp-ticket-size-range) Allocator Targeting - [LP-Led Secondary](https://altss.com/glossary/lp-led-secondary) Transaction Type - [LP–GP Intelligence](https://altss.com/glossary/lp-gp-intelligence) Data & Intelligence ## M 16 entries - [Maintenance Covenant](https://altss.com/glossary/maintenance-covenant) Deal Terms & Mechanics - [Management Company](https://altss.com/glossary/management-company) Manager Type - [Management Fee](https://altss.com/glossary/management-fee) Fund Economics - [Manager Selection](https://altss.com/glossary/manager-selection) Manager Evaluation - [Mandate Drift](https://altss.com/glossary/mandate-drift) Allocator Targeting - [Mandate Drift Detection](https://altss.com/glossary/mandate-drift-detection) OSINT - [Mandate Fit Score](https://altss.com/glossary/mandate-fit-score) Allocator Targeting - [Mandate Signals](https://altss.com/glossary/mandate-signals) Allocator Targeting - [Master-Feeder Structure](https://altss.com/glossary/master-feeder) Fund / Vehicle Structure - [Materials Sequencing Strategy](https://altss.com/glossary/materials-sequencing-strategy) Fundraising Process - [Maximum Drawdown](https://altss.com/glossary/maximum-drawdown) Fund Economics - [Mezzanine Debt](https://altss.com/glossary/mezzanine-debt) Security / Instrument - [Most Favored Nation (MFN) Clause](https://altss.com/glossary/most-favored-nation-mfn) Governance & LP Rights - [Multi-Family Office (MFO)](https://altss.com/glossary/multi-family-office) Allocator Type - [Multi-Family Office Database](https://altss.com/glossary/multi-family-office-database) Family Office Data - [Multiple on Invested Capital (MOIC)](https://altss.com/glossary/moic) Performance & Benchmarking ## N 12 entries - [NAV Discount/Premium](https://altss.com/glossary/nav-discount-premium) Performance & Reporting - [NAV Lending (NAV Facility)](https://altss.com/glossary/nav-facility) Security / Instrument - [Net Asset Value (NAV)](https://altss.com/glossary/net-asset-value) Valuation - [Net IRR](https://altss.com/glossary/net-irr) Performance & Benchmarking - [Net IRR vs Gross IRR](https://altss.com/glossary/net-irr-vs-gross-irr) Performance Measurement - [Net Operating Income (NOI)](https://altss.com/glossary/net-operating-income) Underwriting Metric - [Net Revenue Retention (NRR)](https://altss.com/glossary/net-revenue-retention) Underwriting Metric - [Net vs Gross Returns](https://altss.com/glossary/net-vs-gross-returns) Performance & Reporting - [Network Mapping](https://altss.com/glossary/network-mapping) OSINT - [Next-Gen Influence](https://altss.com/glossary/next-gen-influence) Family Office Decision-Making - [Next-Generation (Next-Gen)](https://altss.com/glossary/next-generation) Family Office Governance - [No-Fault Divorce](https://altss.com/glossary/no-fault-divorce) Governance & LP Rights ## O 11 entries - [Objection Handling Framework](https://altss.com/glossary/objection-handling-framework) Fundraising Process - [OID (Original Issue Discount)](https://altss.com/glossary/oid-original-issue-discount) Private Credit - [Open-End Fund](https://altss.com/glossary/open-end-fund) Fund / Vehicle Structure - [Open-Source Intelligence (OSINT)](https://altss.com/glossary/osint) Evidence & Data - [Operating Partner](https://altss.com/glossary/operating-partner) Value Creation - [Operational Due Diligence (ODD)](https://altss.com/glossary/operational-due-diligence) Due Diligence - [Opportunistic Real Estate](https://altss.com/glossary/opportunistic-real-estate) Strategy - [Outreach Sequencing](https://altss.com/glossary/outreach-sequencing) Workflow & Monitoring - [Outsourced Chief Investment Officer (OCIO)](https://altss.com/glossary/ocio) Intermediary & Service Provider - [Overcommitment](https://altss.com/glossary/overcommitment) Risk & Portfolio Construction - [Oversubscription](https://altss.com/glossary/oversubscription) Fundraising Process ## P 31 entries - [Paid-In Capital (PIC) / Contributed Capital](https://altss.com/glossary/paid-in-capital-pic-contributed-capital) Fund Cashflows & Commitments - [Patient Capital](https://altss.com/glossary/patient-capital) Fund Economics - [Payment-in-Kind (PIK)](https://altss.com/glossary/pik-payment-in-kind) Security / Instrument - [Pension Fund](https://altss.com/glossary/pension-fund) Allocator Type - [Placement Agent](https://altss.com/glossary/placement-agent) Intermediary & Service Provider - [Plan Assets](https://altss.com/glossary/plan-assets) Legal, Regulatory & Tax - [Platform Investment](https://altss.com/glossary/platform-investment) Transaction Type - [Point-in-Time Data](https://altss.com/glossary/point-in-time-data) Evidence & Data - [Portfolio Company](https://altss.com/glossary/portfolio-company) Entity Type - [Portfolio Concentration Limits](https://altss.com/glossary/portfolio-concentration-limits) Risk Limits - [Portfolio Construction](https://altss.com/glossary/portfolio-construction) Portfolio Construction - [Portfolio Look-Through](https://altss.com/glossary/portfolio-look-through) Portfolio & Risk - [Portfolio Role](https://altss.com/glossary/portfolio-role) Portfolio Construction - [Pre-Money and Post-Money Valuation](https://altss.com/glossary/pre-money-and-post-money-valuation) Valuation - [Pre-Seed](https://altss.com/glossary/pre-seed) Investment Stage - [Precision and Recall](https://altss.com/glossary/precision-and-recall) Evidence & Data - [Preferred Return (Pref)](https://altss.com/glossary/preferred-return) Fund Economics - [Preferred Stock (Venture Convertible Preferred)](https://altss.com/glossary/preferred-stock) Security / Instrument - [Priced Round](https://altss.com/glossary/priced-round) Venture Structures - [Primary Source](https://altss.com/glossary/primary-source) Evidence & Data - [Principal](https://altss.com/glossary/principal) Family Office Governance - [Principal Accessibility](https://altss.com/glossary/principal-accessibility) Family Office Operations - [Private Bank Wealth Management](https://altss.com/glossary/private-bank-wealth-management) Allocator Types - [Private Capital (Private Markets)](https://altss.com/glossary/private-capital) Asset Class - [Private Credit](https://altss.com/glossary/private-credit) Asset Class - [Private Equity (PE)](https://altss.com/glossary/private-equity) Asset Class - [Private Placement Memorandum (PPM)](https://altss.com/glossary/private-placement-memorandum) Fundraising & Investor Relations - [Pro Rata Rights](https://altss.com/glossary/pro-rata-rights) Shareholder Rights & Company Governance - [Project Finance](https://altss.com/glossary/project-finance) Strategy - [Public Market Equivalent (PME)](https://altss.com/glossary/public-market-equivalent) Performance & Benchmarking - [Public-Private Partnership (PPP)](https://altss.com/glossary/public-private-partnership) Fund / Vehicle Structure ## Q 4 entries - [Qualified Client](https://altss.com/glossary/qualified-client) Legal, Regulatory & Tax - [Qualified Purchaser (QP)](https://altss.com/glossary/qualified-purchaser) Legal, Regulatory & Tax - [Quality of Earnings (QoE)](https://altss.com/glossary/quality-of-earnings) Due Diligence - [Quartile Ranking](https://altss.com/glossary/quartile-ranking) Performance & Benchmarking ## R 24 entries - [Re-Up](https://altss.com/glossary/re-up) Fundraising & Allocation - [Real Assets](https://altss.com/glossary/real-assets) - [Real Estate (Asset Class)](https://altss.com/glossary/real-estate) Asset Class - [Real Estate Investment Trust (REIT)](https://altss.com/glossary/reit) Fund / Vehicle Structure - [Real Estate Private Equity (REPE)](https://altss.com/glossary/real-estate-private-equity) Strategy - [Realized vs Unrealized Returns](https://altss.com/glossary/realized-vs-unrealized-returns) Performance Measurement - [Rebalancing](https://altss.com/glossary/rebalancing) Portfolio Construction - [Recallable Distributions](https://altss.com/glossary/recallable-distributions) Fund Cashflows & Commitments - [Recycling (Reinvestment of Distributions)](https://altss.com/glossary/recycling-reinvestment-of-distributions) Fund Terms - [Recycling Limit](https://altss.com/glossary/recycling-limit) Fund Cashflows & Commitments - [Redemption](https://altss.com/glossary/redemption) Fund Terms - [Redemption Queue](https://altss.com/glossary/redemption-queue) Liquidity & Fund Mechanics - [Reference Call Framework](https://altss.com/glossary/reference-call-framework) Fundraising Process - [Reference Checks](https://altss.com/glossary/reference-checks) Due Diligence - [Registered Investment Adviser (RIA)](https://altss.com/glossary/registered-investment-advisor) Intermediary & Service Provider - [Regulation D (Reg D)](https://altss.com/glossary/regulation-d) Legal, Regulatory & Tax - [Relationship Graph](https://altss.com/glossary/relationship-graph) Data Quality - [Reporting Package](https://altss.com/glossary/reporting-package) Reporting & Governance - [Reputation Risk Sensitivity](https://altss.com/glossary/reputation-risk-sensitivity) Family Office Decision-Making - [Residual Value to Paid-In (RVPI)](https://altss.com/glossary/rvpi) Performance & Benchmarking - [Risk Budget](https://altss.com/glossary/risk-budget) Risk & Constraints - [Risk Limits](https://altss.com/glossary/risk-limits) Risk & Constraints - [Rollover Equity](https://altss.com/glossary/rollover-equity) Deal Terms & Mechanics - [Rule 506(b) vs Rule 506(c)](https://altss.com/glossary/rule-506-b-vs-506-c) Legal, Regulatory & Tax ## S 40 entries - [Scenario Analysis](https://altss.com/glossary/scenario-analysis) Risk & Constraints - [Search Fund](https://altss.com/glossary/search-fund) Fund / Vehicle Structure - [Search Fund Economics](https://altss.com/glossary/search-fund-economics) Fund Economics - [SEC Family Office Rule (Rule 202(a)(11)(G)-1)](https://altss.com/glossary/family-office-rule) Legal, Regulatory & Tax - [Second Lien](https://altss.com/glossary/second-lien) Security / Instrument - [Secondaries](https://altss.com/glossary/secondaries) Asset Class - [Secondary Buyer](https://altss.com/glossary/secondary-buyer) Secondaries & Liquidity - [Secondary Buyout (SBO)](https://altss.com/glossary/secondary-buyout) Transaction Type - [Secondary Pricing](https://altss.com/glossary/secondary-pricing) Performance & Benchmarking - [Sector Coverage](https://altss.com/glossary/sector-coverage) Family Office Data - [Seed Round](https://altss.com/glossary/seed-round) Investment Stage - [Semi-Liquid Fund](https://altss.com/glossary/semi-liquid-fund) Fund / Vehicle Structure - [Senior Secured Debt](https://altss.com/glossary/senior-secured-debt) Security / Instrument - [Separately Managed Account (SMA)](https://altss.com/glossary/separately-managed-account) Fund / Vehicle Structure - [Series A](https://altss.com/glossary/series-a) Investment Stage - [Sharpe Ratio](https://altss.com/glossary/sharpe-ratio) Performance Measurement - [Side Letter](https://altss.com/glossary/side-letter) Governance & LP Rights - [Side Pocket](https://altss.com/glossary/side-pocket) Fund Terms - [Signal Confidence Scoring](https://altss.com/glossary/signal-confidence-scoring) OSINT - [Simple Agreement for Future Equity (SAFE)](https://altss.com/glossary/safe-simple-agreement-for-future-equity) Security / Instrument - [Single Family Office Database](https://altss.com/glossary/single-family-office-database) Family Office Data - [Single-Family Office (SFO)](https://altss.com/glossary/single-family-office) Allocator Type - [SOFR (Secured Overnight Financing Rate)](https://altss.com/glossary/sofr-secured-overnight-financing-rate) Private Credit - [Sortino Ratio](https://altss.com/glossary/sortino-ratio) Fund Economics - [Source Reliability](https://altss.com/glossary/source-reliability) Evidence & Data - [Sovereign Wealth Fund (SWF)](https://altss.com/glossary/sovereign-wealth-fund) Allocator Type - [Special Purpose Vehicle (SPV)](https://altss.com/glossary/spv-special-purpose-vehicle) Fund / Vehicle Structure - [Spending Policy](https://altss.com/glossary/spending-policy) Portfolio Management - [Spread / Margin](https://altss.com/glossary/spread-margin) Private Credit - [Stapled Secondary](https://altss.com/glossary/stapled-secondary) Secondaries & Liquidity - [Startup Accelerator](https://altss.com/glossary/startup-accelerator) Venture Ecosystem - [Startup Incubator](https://altss.com/glossary/startup-incubator) Venture Ecosystem - [Strategic Asset Allocation (SAA)](https://altss.com/glossary/strategic-asset-allocation) Portfolio Construction - [Stress Testing](https://altss.com/glossary/stress-testing) Risk & Constraints - [Style Drift](https://altss.com/glossary/style-drift) Manager Evaluation - [Subordinated Debt](https://altss.com/glossary/subordinated-debt) Security / Instrument - [Subscription Agreement (Subscription Documents)](https://altss.com/glossary/subscription-agreement) Fundraising & Investor Relations - [Subscription Line of Credit](https://altss.com/glossary/subscription-line) Security / Instrument - [Sustainable Finance Disclosure Regulation (SFDR)](https://altss.com/glossary/sfdr) Legal, Regulatory & Tax - [Syndicate Lead](https://altss.com/glossary/syndicate-lead) Venture Ecosystem ## T 13 entries - [Take-Private](https://altss.com/glossary/take-private) Transaction Type - [Temporal Pattern Analysis](https://altss.com/glossary/temporal-pattern-analysis) OSINT - [Temporal Validity](https://altss.com/glossary/temporal-validity) Evidence & Data - [Tender Offer](https://altss.com/glossary/tender-offer) Secondaries & Liquidity - [Term Sheet](https://altss.com/glossary/term-sheet) Deal Terms & Mechanics - [Ticket Size](https://altss.com/glossary/ticket-size) Governance & Decision-Making - [Time-Weighted Return (TWR)](https://altss.com/glossary/time-weighted-return) Performance & Benchmarking - [Tokenization (Private Markets)](https://altss.com/glossary/tokenization-private-markets) Fund Structures - [Total Value to Paid-In (TVPI)](https://altss.com/glossary/tvpi) Performance & Benchmarking - [Track Record](https://altss.com/glossary/track-record) Manager Evaluation - [Tracking Error](https://altss.com/glossary/tracking-error) Performance Measurement - [Triangulation (Source Triangulation)](https://altss.com/glossary/source-triangulation) Evidence & Data - [Two and Twenty](https://altss.com/glossary/two-and-twenty) Fund Economics ## U 5 entries - [Underwriting](https://altss.com/glossary/underwriting) Investment Process - [Underwriting Standards](https://altss.com/glossary/underwriting-standards) Risk & Investment Process - [Unfunded Commitment](https://altss.com/glossary/unfunded-commitment) Fund Lifecycle - [Unitranche](https://altss.com/glossary/unitranche) Security / Instrument - [Unrelated Business Taxable Income (UBTI)](https://altss.com/glossary/ubti) Legal, Regulatory & Tax ## V 9 entries - [Valuation Policy](https://altss.com/glossary/valuation-policy) Reporting & Governance - [Value Creation](https://altss.com/glossary/value-creation) Private Equity Concepts - [Value-Add Real Estate](https://altss.com/glossary/value-add-real-estate) Strategy - [Venture Capital (VC)](https://altss.com/glossary/venture-capital) Asset Class - [Venture Debt](https://altss.com/glossary/venture-debt) Security / Instrument - [Venture Portfolio Construction](https://altss.com/glossary/venture-portfolio-construction) Venture Portfolio Management - [Venture Studio](https://altss.com/glossary/venture-studio) Venture Ecosystem - [Vintage Year](https://altss.com/glossary/vintage-year) Performance & Benchmarking - [Volatility](https://altss.com/glossary/volatility) Risk ## W 3 entries - [Warm Introduction Protocol](https://altss.com/glossary/warm-introduction-protocol) Fundraising Process - [Warm Path Discovery](https://altss.com/glossary/warm-path-discovery) OSINT - [Watchlist](https://altss.com/glossary/watchlist) Monitoring & Governance ## X 1 entry - [XIRR (Date-Exact IRR)](https://altss.com/glossary/xirr) Performance & Benchmarking Open an individual page for its full explanation, related concepts and available source dates. ## Canonical URL https://altss.com/glossary