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Evergreen Fund is an innovative investment vehicle designed for continuous private market access. This fund type perpetually raises and deploys capital, offering flexible investor entry and exit, unlike traditional private equity. It pools capital for diversified private company portfolios, balancing liquidity with long-term asset growth via reinvestment, often employing net asset value (NAV) models for greater transparency and flexibility.
The Evergreen Fund concept arose from the market's need to address illiquidity in conventional private market investments. Not attributed to a single founder, the model developed from the insight that a hybrid structure, combining open-end and closed-end fund features, could democratize private asset access. This evolution enabled flexibility, including periodic subscriptions and redemptions, resolving a critical investor challenge inherent in traditional private fund structures.
Investors seeking private market exposure with liquidity comprise Evergreen Fund's clientele. These structures appeal, offering an accessible pathway into long-term private investments for a broad range of participants. The long-term vision is to broaden private capital participation, supporting business funding and evolving investment accessibility and efficiency within global private markets.
Evergreen Fund has 1 tracked investment across 1 company. The latest tracked deal is $3.2M Other Equity in Clim8 Invest in November 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 13, 2020 | Clim8 Invest | $3.2M Other Equity | — | Andrew Scott, Basil Capital, Ecosummit Ventures |