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Drawdown may refer to: Drawdown (economics), decline in the value of an investment, below its all-time high. Drawdown (hydrology), a lowering of a reservoir or a change in hydraulic head in an aquifer, typically due to pumping a well.
The answer is that PE fundsâ performance might be affected if they drawdown the cash and there is a lag between the time of drawdown and actual deployment of the money. In order to help investors plan their funds outflow and for PE fund managers to set appropriate goals for themselves, each fund will provide a drawdown period - e.g. in a total fund life of 10 years, the drawdown period might be 4 years. Another aspect to consider is that drawdowns will not be sporadic. There is an administrative process and costs involved, so funds will plan a quarterly or half yearly drawdown schedule and combine the investments and expenses for a period before issuing a call for drawdowns.