Lately, all eyes seem to be on evergreen funds. Among private
credit funds, they have emerged as one of the hottest fund formats
in recent years – but despite their growing popularity, these
funds can be complex, and their mechanics are often
misunderstood.
If you have questions, you are in the right place. Let's
demystify this increasingly popular fund structure.
In Depth
What is an evergreen fund? How are its terms different from an
open-end or a closed-end (private equity-style) fund?
In an evergreen fund, you will see a mix of open-end and
closed-end fund terms, as well as some unique terms. Let's
break it down:
- Where it is more like an open-end fund:
- Fundraising is perpetual.
