SECTOR FOCUS - ASSET MANAGEMENT
Public and private assets move to different beats.
Keep the risk in one step.
Managing a blended public/private portfolio with capital commitments requires unique tools to embrace the unique timelines. It is imperative that you are able to construct systematic strategies, forecast capital cash flows, and optimize your commitment pacing across your entire book. We have those tools for you.
RISK CAPABILITIES WE ADDRESS
Risk Premia Portfolio Management
Create, optimize, and track systematic risk premia strategies with automated alerts when portoflio thresholds are breached
Private Capital Forecasting
Model the probability distribution of cash flows from private equity, debt, and real asses using machine learning techniques that outperform traditional models
Pacing Optimization
Plan future private capital commitments with a probabilistic view of meeting target allocations while staying inside policy limits
Reporting Analytics
Turn portfolio and cash flow data into clear, customizable dashboards and reports built for your investment team's decision-making cadence
98%
How often our private capital cash flow models outperform the industry-standard Takahashi-Alexander model across two decades of fund vintages.
The Environment
What institutional portfolios need from a risk platform
If your risk platform can’t handle the many paces of an institutional portfolio, you don’t know how you are tracking against your targets and limits.
FRG Risk Intelligence is built exactly for this, bringing every asset into one comprehensive view, showing you where you stand at all times.
Foresight
Averages don't help when no single fund's cash flows ever look like the average. You need the realistic range of outcomes, not just the expected value.
Our approach: We simulate the full range of likely capital calls and distributions, refreshed every quarter.
Liquidity Discipline
A capital call doesn't wait for a market to cooperate. You need to fund it without breaching your own limits.
Our approach: We model your funding sources and rebalancing rules alongside your cash flow forecast, so commitments stay inside policy.
Systematic Rigor
A repeatable process is only as good as how closely it's watched. You need drift and breaches caught the moment they happen, not at quarter-end.
Our approach: We consolidate your portfolio and cash flow data into one platform, built around your reporting cadence.
Unified Reporting
Five spreadsheets should never produce five versions of truth. You need one number everyone trusts.
Our approach: We consolidate your portfolio and cash flow data into one platform, built around your reporting cadence.
VOR risk intelligence suite
The metrics you need to manage risk across your operations
VOR gives asset managers and institutional investors a single platform for the full range of portfolio risk management. Whether your book is public, private, or both, VOR brings the data and analytics to your team in one piece, and one place.
portfolio construction
VOR Risk Premia
Create, optimize, and track systematic risk premia strategies across asset classes from a single platform. Automated alerts flag portfolio drift and threshold breaches the moment they happen, so your team is managing the strategy, not reconciling it after the fact.
Cash flow forecasting
VOR Private Capital Forecasting
Model the probability distribution of capital calls and distributions for private equity, debt, and real asset funds, using machine learning models built on macroeconomic and capital markets data. Updated quarterly and built on over 20 years of fund history, it gives you a forecast designed for planning, not just historical reporting.
Commitment Planning
VOR Pacing Optimization
Plan future private capital commitments against your strategic allocation targets and IPS limits, using a non-linear optimizer built on PCF's cash flow simulations. Test multiple economic scenarios to see how a commitment plan holds up before you commit capital.
Portfolio Reporting
VOR Reporting
Turn portfolio and cash flow data from across your book into a single source of truth, with interactive dashboards and scheduled reports built around your team's cadence. One platform means your team, your committee, and your board are always looking at the same numbers.
Every VOR calculation runs on FRG's metadata-driven AI layer, which flags discrepancies and drift as they occur rather than at your next scheduled review. See how the FRG Digital Teams work.
We know how to do this.
FRG has built and deployed risk platforms for asset management firms across the globe. We understand the operational complexity, the speed demands, and the breadth of instruments your business depends on. Let's build yours.
Governance-Led Foundation
Custom Portfolio Construction and Monitoring
FRG tested portfolio construction methodologies for the foundation's systematic risk premia strategy, then delivered a web application for portfolio monitoring, rebalancing triggers, and board-level reporting. The result: time savings equivalent to more than one full-time analyst.
Sophisticated Pension Fund
Optimal Pacing & Scenario Stress Testing
The pension fund's team had built a customized cash flow model but faced growing pressure to stress test the portfolio and explore ad-hoc scenarios. FRG's Cash Flow Forecaster and Pacing Optimization gave them a machine-learning-based forecast with the flexibility to test custom economic scenarios on demand.
RESOURCES
Go deeper on private cash flows
WHITE PAPER
Private Capital Fund Cash Flows
How accurate cash flow modeling helps investors make smarter secondary-market decisions.
TECHNICAL PAPER
Optimal Pacing for Private Capital Portfolios
Learn more about FRG’s pacing model, which uses PCF cash flows along with non-linear optimization to help clients construct their pacing plans.
FAQ
Frequently Asked Questions
What t ypes of asset managers and institutional investors use VOR?
VOR is used by sovereign wealth funds, funds of funds, banks, insurers, endowments, foundations, pension funds, and family offices, across firms ranging from small teams managing a handful of funds to large institutions with complex, multi-strategy books.
How can VOR help us evaluate a different strategy or industry focus?
VOR shows you how your portfolio's cash flows would look under a different strategy or industry focus, using your own return assumptions, so you can plan and stress test around whichever direction you're considering.
How do we manage a risk premia portfolio with VOR?
Start with a target strategy, such as beta-neutral or equal risk contribution, then use VOR to monitor the portfolio against that target. Automated alerts flag threshold breaches so you know when to rebalance or adjust leverage.
Can VOR manage both our public and private market strategies in one place?
Yes. VOR Risk Premia handles systematic public-market strategies while Private Capital Forecasting and Pacing Optimization cover your private fund commitments, and VOR Reporting brings both views into a single platform alongside other asset classes like fixed income and public equity.
How does Pacing Optimization decide how much we should commit to future funds?
It runs your cash flow forecasts through a non-linear optimizer that weighs your target allocations, IPS limits, and liquidity needs, then solves for the commitment plan that keeps your portfolio on target across future vintage years.
Do we need to migrate off our current systems to use VOR?
No. VOR is built to work with the data you already have. FRG combines your existing sources into a single platform rather than asking you to replace what's already in place.