Risk Registers
These registers are the source for the Risk Management pack in the
Report Center
— Enterprise Risk, Cybersecurity & Operational, Business Continuity,
Key Person & Succession and Risk Appetite. Nothing else writes them.
Appetite Thresholds
| Metric | Direction | Green to | Amber to | Current | Owner | Rationale | Reviewed | |
|---|---|---|---|---|---|---|---|---|
|
Liquidity: months of calls and operating cash on hand
live:
liquidity_months |
higher is better | 9 | 6 | computed in report | Casey Lin | Six months is the floor the family agreed to; nine is where the treasury policy aims. | 08/08/26 | |
|
Portfolio loan-to-value (%)
live:
portfolio_ltv |
lower is better | 55 | 62 | computed in report | Casey Lin | Leverage above 62% leaves no room to refinance in a down market. | 08/25/26 | |
|
Real estate share of the portfolio (%)
live:
re_share |
lower is better | 55 | 65 | computed in report | Toviya Slager | The allocation policy targets 50% real estate; above 65% the credit and PE sleeves cannot rebalance it. | 07/30/26 | |
|
Single-sponsor exposure (% of invested capital)
live:
sponsor_concentration |
lower is better | 15 | 20 | computed in report | Toviya Slager | One sponsor failing should never take more than a fifth of the book with it. | 08/08/26 | |
|
Unfunded commitments vs liquid assets (%)
live:
unfunded_ratio |
lower is better | 40 | 60 | computed in report | Morgan Hale | Commitments to funds must be fundable from liquid assets without a forced sale. | 07/28/26 | |
|
Weighted DSCR on property debt (x)
live:
dscr |
higher is better | 1.35 | 1.25 | computed in report | Casey Lin | Lenders test 1.20x; the office wants a cushion above its own covenant floor. | 09/15/26 | |
|
Wires above $25,000 without a call-back (count, trailing 12 months)
live:
wire_callbacks |
lower is better | 0 | 1 | computed in report | Jordan Park | Every large wire is called back; one miss is a finding, two is a control failure. | 08/26/26 |