Latest data: SEC Form PF · Q4 2025 · Released Mar 15, 2026
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Liquidity

Redemption Timeline Calculator

Converts lockup + notice period + gate terms into an actual exit date.

Redemption Timeline Calculator

60 Days
10%

Payout Schedule

2026-09-20
Valuation Date
Fee deduction: $0
2026-10-20
Initial Payout (90%)
$900,000
2027-03-20
Holdback Release (10%)
$100,000

Value Distribution

Understanding the Redemption Timeline

The Redemption Timeline Metric tracks the schedule and distribution of funds when an investor decides to redeem their capital from a hedge fund. Hedge funds often employ complex liquidity structures to protect the fund's strategy from sudden capital flights, which requires a structured payout timeline.

The calculation is based on the initial Net Asset Value (NAV). The mathematical formula involves:
Net NAV = NAV - (NAV × Redemption Fee %)
Holdback Amount = Net NAV × (Holdback %)
Initial Payout = Net NAV - Holdback Amount

The payment dates are offset from the initial notice date based on the fund's specific terms. A standard notice period (e.g., 60 days) dictates the valuation date, followed by an initial payment. The holdback portion is retained until the fund completes its annual audit to ensure accurate performance fee and NAV calculations.

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Frequently Asked Questions

A lock-up is a contractual timeframe during which investors cannot withdraw their capital from a hedge fund.
Investors must notify the fund in advance (e.g., 60 days) before the designated redemption window opens to allow the manager time to sell assets.
Gates limit the total percentage of capital that can leave the fund in a single period to prevent a forced liquidation fire-sale of illiquid assets.

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