Evergreen funds: the future for private market investing
Open-ended funds enable more flexibility in terms of liquidity and a lower minimum investment
THIS article is not about trees. But trees do provide an excellent visualisation of a trend that we believe will change the way we invest in private markets forever.
A fair warning that this article will introduce a lot of private market lingo and jargon. We believe it is important to educate investors on the asset class as it becomes more relevant and accessible to a broader audience.
10-year lifespan
Imagine a tree that you planned to grow for only 10 years. It “calls” on your resources for the first five years, starts bearing fruit in the next five years, and then is cut down and sold for parts after 10 years.
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