// definition
AIFM leverage
Fund exposure relative to net asset value
Short definition
An alternative investment fund’s exposure divided by its net asset value. The gross and commitment methods have their own adjustments, so the method and scope must be identified. A fall in net value can raise the ratio without additional borrowing. Exceeding a fund’s leverage ceiling is distinct from missing a bank-loan payment.
risk atlas
Knowledge map
Primary sources
- La Française REM, LF Grand Paris Patrimoine, 2025 annual reportPage 16 and note 1: exposure, net asset value and gross method. Manager’s definition, French source.
- LF Grand Paris Patrimoine, June 2026 information memorandumSection 3.2, PDF p. 9: limit and inclusion of controlled companies. French source.