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  "documentTitle": "Private Markets Asset Allocation Guide May 2023  002",
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      "text": "Source: UBS. Investing in private markets with the UBS Wealth Way. Note: The liquid portfolio assumes a broad range of weights between global equity (MSCI ACWI) and global fixed income (Bloomberg Barclays Global Aggregate). The PE portfolio is considered mature with yearly contributions depending on the PE target. Monte Carlo simulations of the liquid portfolio values reflect severe bear market performance lasting three years. All cash flow needs are taken on an annual basis. We assume no slowdown in capital calls and assume no distributions.",
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      "text": "Probability that liquid assets fall below three years' worth of cash flow needs, based on spending and illiquid %",
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      "text": "How much should I allocate to private markets?",
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