Risk Appetite Statement
Concentration, leverage, and liquidity limits governing every investment decision.
Effective: January 1, 2026 · Reviewed annually by the Chief Compliance Officer
The Aukeo Risk Appetite Statement establishes the concentration, leverage, liquidity, and counterparty limits within which the firm operates. The statement is approved by the CEO, reviewed by the Audit Committee, and enforced by the Chief Risk Officer independently of deal teams.
Concentration
No single investment may exceed defined percentages of committed capital for any fund. Sub-limits apply by market, product category, sponsor, and counterparty. Concentration is monitored monthly.
Leverage
Leverage at the fund level and the project level is capped at documented LTV, LTC, and DSCR thresholds calibrated to project category and vintage. Refinancing risk is managed against a maturity ladder reviewed quarterly.
Liquidity
Minimum liquidity requirements are maintained at the fund and platform level to service capital calls, project contingencies, and defensive needs. Liquidity is stress-tested quarterly against defined scenarios.
Counterparty
Exposure to any single counterparty (lender, insurer, construction manager, operating partner) is capped at defined limits and reviewed quarterly.
Questions regarding this policy may be directed to the Chief Compliance Officer at [email protected].