Evergreen Structure
topic on 3 shows · 4 statements across 3 episodes
Sourcery 
Capital Allocators 
20VC
4 statements about Evergreen Structure, every show
Del Buono: Semi-liquid evergreen funds can gate redemptions below five percent
“Some evergreen structures have what's called this sort of semi-liquid character, so that every quarter, the company that's running this structure will say, hey, if five percent of the total investors redeem, we'll meet that, but if it's more than that, we won'…”
Evergreen funds charge lower fees and carry on NAV
“Evergreen structures are generally lower fee, one 25, one 50, maybe one 75 in certain cases, lower carry, but the management fee and carry is charged on net asset value.”
Drawdown PE requires high-teens returns to match evergreen MOIC
“If you're in a drawdown fund, you have to generate high teens returns to get the same multiple uninvested capital over a ten-year period as you would if you're getting low teens IRRs in an evergreen structure.”