Dylan W. Lim

Cedar Point Family OfficeInteractive policy for a single family office

Objectives, target allocation, risk limits, and governance in one place, with a live planner that shows what each policy choice means in dollars. Change the risk profile or spending rate and every section updates.

Investment Policy StatementPrepared by Dylan W. LimNovember 2026Fictional family, illustrative figuresIllustrative · not investment advice

~$180Minvestable NAV

Target allocation by sleeve · updates with the planner

    Spending rate
    3.5%
    Risk profile
    Balanced
    Growth assets
    55%

    A perpetual pool of capital after a founder liquidity event

    Cedar Point Family Office (an illustrative family profile) serves a multi-generational U.S. family (~$180M investable NAV) after a founder liquidity event. Primary residence and operating company stakes sit outside this IPS.

    Tax status: mostly taxable, with a charitable foundation sleeve modeled separately.
    Investable NAV
    ~$180M
    Policy spending rate
    3.5%
    Risk profile
    Balanced
    Growth assets (equities + PE)
    55%
    Horizon
    Perpetual
    Primary currency
    USD

    See the policy in dollars

    This live policy planner lets you stress-test the IPS: move the controls and watch the numbers change. The risk and spending presets set the same sliders, and the Allocation, Constraints, and Governance sections update with them. Projections use the assumptions listed below and are not a forecast.

    Risk profile
    Spending rate
    $180M
    $10M$500M
    3.5%
    2.0%6.0%

    $6.3M per year · $525K per month

    Balanced
    ConservativeBalancedGrowth

    55% growth assets · 45% stability assets

    30 years
    5 yrs50 yrs

    The policy horizon stays perpetual; this only sets the chart window.

    Changes from IPS defaults

    0

    The planner matches the written policy.

      Year-one spending
      $6.3M
      Return / volatility
      6.27%
      18-month cash floor
      $9.45M
      Median NAV, year 30
      $326M

      Projected NAV after spending

      10th to 90th percentileMedianExpected (mean)Starting NAV

      Year10th pctMedian90th pctExpected spendingSpending

      Target allocation in dollars

      Balanced
      SleeveTargetDollarsRole
      Total100%$180M
      Assumptions and method
      SleeveExpected returnVolatility
      Portfolio at current mix6.27%11.1%
      • Long-run nominal assumptions per sleeve, chosen for illustration. Inflation is assumed at 2.5% a year for the today's-dollars view.
      • Portfolio return is the weighted average of sleeve returns. Portfolio volatility is √(wᵀΣw) using the sleeve volatilities and a fixed correlation matrix (equities to private equity 0.75, equities to real assets 0.60, equities to fixed income 0.10, and so on).
      • Each year the office spends the policy rate times NAV at the start of the year, and the rest earns that year's return: NAVt+1 = NAVt × (1 − rate) × (1 + Rt). The IPS itself applies the rate to a trailing 12-quarter average; start-of-year NAV keeps the math transparent.
      • Annual returns are treated as lognormal with the stated mean and volatility, so the expected path is NAV × [(1 − rate)(1 + return)]t and the 10th/90th percentile band is exact for that model. Real markets have fatter tails, fees, and taxes that are not modeled here.
      • Risk / growth mix moves linearly between the Conservative, Balanced, and Growth targets in the IPS, so each point is a blend of two adjacent policy portfolios.