Private Investments, Asset Allocation, and Liquidity Planning

[StraightStreet]

Hi,
I have few questions regarding Example 9, Reading 27, Book 5 (p.153).

1. Government bond: It is said that total of $78m (37.5 + 40.5) will be paid by cash and government bond portfolio. However, the government bond value in next 12 months are 72.75 ( = 75 * (1-3%)). No amount was sold to pay for the liabilities (because currently they have only $75m in cash and need to raise additional $3m).

2. Private Real Assets: Should the value in next 12 months be: (37.5 + 30 * 20%)*(1+10%) = $47.85
   ($30m is current allocation to Private Real Assets and 20% is the new commitments).

3. Private Equity: Should the value in next 12 months be: (112.5 + 112.5 * 20%)*(1-10%) = $121.5
   ($112.5m is current allocation to Private Real Assets and 20% is the new commitments).