Allocation and portfolio role
Define the outcome, liquidity contribution, risk budget, and diversification purpose expected from each private-market allocation.
Institutional partners
Private-market decisions made in portfolio context.
Aurelius works with institutions to connect mandate design, underwriting, implementation, and reporting—without losing sight of liquidity, pacing, or governance constraints.
Institutional context
A mandate should make difficult choices easier.
Private markets ask investment teams to make long-lived decisions with incomplete information. A useful framework establishes where conviction is warranted and where restraint should prevail.
Pacing and vintage exposure
Sequence commitments against existing exposures, expected distributions, governance capacity, and a range of market environments.
Underwriting capacity
Concentrate diligence on the assumptions, incentives, and downside paths that can materially change an investment case.
Governance and reporting
Create a decision record that explains what was expected, what has changed, and which questions now require attention.
Investment capabilities
Specialist work, connected by one underwriting standard.
Control and growth
Private equity
Selective ownership of durable businesses where strategic clarity and patient partnership can matter.
Explore private equityIncome and resilience
Private credit
Directly originated financing grounded in cash-flow durability, structural protection, and downside analysis.
Explore private creditEssential systems
Real assets
Long-duration exposure to infrastructure and asset-backed businesses supported by identifiable demand.
Explore real assetsSelective access
Co-investments
Focused opportunities assessed independently alongside established sponsors and investment partners.
Explore co-investmentsPartnership model
A repeatable path from objective to oversight.
Frame the mandate
Agree the portfolio role, constraints, pace, risk tolerances, and standard for decision-ready evidence.
Build the opportunity set
Screen potential investments for fit before committing resources to full underwriting.
Underwrite independently
Test the base case, downside, incentives, structure, and exit or repayment paths on their own merits.
Monitor against the thesis
Report developments in relation to the original decision and escalate material changes early.
Operating commitments
Designed for investment committees, not just presentations.
Clear evidence
Recommendations distinguish observable facts, judgments, unresolved questions, and the conditions that could change a view.
Portfolio visibility
Individual opportunities are considered alongside concentration, liquidity, pacing, and existing manager exposures.
Candid monitoring
Reporting prioritises material changes and decisions rather than volume for its own sake.
Related thinking
Perspectives for the decisions ahead.
Ideas from across our advisory and investment platform.
Private markets after the reset: the return of selectivity
A durable framework for assessing private markets after repricing, with selectivity, capital structure and operating evidence back at the centre.
Read perspective
Why vintage diversification still matters
Why commitment timing remains a distinct private-market exposure, and how pacing, liquidity and strategy interact across a long-horizon programme.
Read perspectiveInstitutional partnerships
Discuss the mandate before the product.
Tell us about the portfolio question, governance setting, or private-market exposure under review.
Contact the institutional team