Investing monthly…forever…always!
Evergreen funds which offer investors an open-ended fund route in to private markets are gaining momentum. By allowing clients to invest monthly, rather than sweat over when the next capital call will come, the evergreen fund means that capital commitments are regular and predictable – and a great way to further democratize the private market funds industry. Could this be a time to hop on board the evergreen express? HarbourVest Partners is hoping so, following news that last month it partnered with AP7, the Swedish government pension fund, to launch a PE-focused perpetual fund solution. The backing of such a prominent institution could mean that it is a case of Anchors Away! as more institutions look to bring their own evergreen funds to market.