There’s a lot of buzz about evergreen funds these days. Alt Goes Mainstream has partnered with iCapital and Nick Veronis, Co-Founder & Managing Partner and Head of Portfolio Management, to explore the evergreen phenomenon. This exploration is done through insights from top practitioners in the private markets.
In a compelling three-part series, we delve into this rapidly expanding sector with experts from Vista Equity Partners, KKR, and Hamilton Lane, examining its influence on the wealth management space.
The series wraps up with an engaging third episode. Here, Nick and I have an insightful conversation with Stephanie Davis from Hamilton Lane.
You can catch this episode on several platforms:
Here’s a sneak peek at the episode’s flow and topics covered:
- We kick off with a warm introduction, setting the stage for what’s to come.
- Reflect on the early days of the evergreen space.
- Stephanie shares her journey into private wealth, tracing her path from Merrill Lynch to Hamilton Lane.
- Discuss the dynamic evolution of alternative investments.
- Highlight early successes with evergreen structures, and the distribution challenges and innovations they spawned.
- Nick also shares his thoughts on the evergreen landscape.
- We learn about Hamilton Lane’s role as thought leaders and the importance they place on making research enjoyable.
- Uncover the exciting opportunity private wealth presents, and how evergreen funds have evolved over time.
- Tips are shared on the optimal structures for evergreen funds and understanding the needs of the target audience.
- A look into the multi-manager approach, diversification, and the crucial role private equity plays in these funds.
- Discover how advisors are adopting private capital, with GPs experimenting with different structures.
- Understand the differences between interval and tender offer funds.
- Find out about institutional-style pricing and access, and why fee efficiency matters.
- Appreciate the power of compounding in evergreen funds and their place as a core allocation.
- Delve into how institutions are adopting these funds and the continuous need for education amongst advisors and clients.
- Liquidity considerations for evergreen funds, the role of semi-liquid vehicles, and the discipline of buying and holding are discussed.
- Acknowledge the ongoing challenges in educating advisors and explore the various education modes available.
- Gain insights from the Evergreen Summit on the best times to allocate to evergreen funds.
- Lastly, we touch on why manager selection is crucial, the shifting dynamics between public and private markets, and offer some closing thoughts on the future outlook.
Before we wrap, don’t miss discussion of the legal nuances in the disclaimer section.
