ASSET ALLOCATION

Current vs target with rebalance recommendations

Total Invested

$59,435,000

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Positions

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Asset Classes

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HHI Score

Concentration

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Eff. Positions

Diversification

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Top 5%

Concentration

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Asset Type	Count	Current Value	Current %
Real Estate	13	$25,270,000 src	42.5%
→ Multi-Family	6	$13,230,000 src	22.3%
→ Industrial	2	$6,120,000 src	10.3%
→ Retail	2	$2,650,000 src	4.5%
→ Senior Living	1	$1,350,000 src	2.3%
→ Self-Storage	1	$1,200,000 src	2.0%
→ Development	1	$720,000 src	1.2%
Private Equity	8	$22,955,000 src	38.6%
→ Direct Investment	3	$9,355,000 src	15.7%
→ Fund	3	$9,200,000 src	15.5%
→ Growth Equity	1	$2,400,000 src	4.0%
→ Co-Investment	1	$2,000,000 src	3.4%
Private Credit	7	$6,650,000 src	11.2%
→ Business Loan	2	$2,250,000 src	3.8%
→ Note Purchase	1	$2,200,000 src	3.7%
→ Bridge Loan	1	$1,200,000 src	2.0%
→ Mezzanine	1	$1,000,000 src	1.7%
→ Line of Credit	2	$0 src	0.0%
Venture Capital	4	$2,730,000 src	4.6%
→ Fund	1	$1,230,000 src	2.1%
→ Series B+	1	$750,000 src	1.3%
→ Series A	1	$500,000 src	0.8%
→ Seed	1	$250,000 src	0.4%
Alternative Investments	3	$1,830,000 src	3.1%
→ Art	1	$1,240,000 src	2.1%
→ Watches	1	$380,000 src	0.6%
→ Wine	1	$210,000 src	0.4%
TOTAL	35	$59,435,000	100.0%

Hale Effective:

Deals:

Entities:

Track Sep Excluded:

	Hale %	Count	Value	% of Total	Allocation

TOTAL				100.0%

Hale Effective Total:

Positions:

Track Sep Excluded:

Investing Entity	Hale %	Deals	Hale Value	% of Total	Type	Allocation

TOTAL (Hale Effective)				100.0%

Deal Name	Asset Type	Investing Entity	Raw Value	Hale %	Hale Value	% of Total

Showing first 200 of deals.

Month

Recommended trades to achieve target allocation (variance > 1%):