Evergreen

BNP Paribas: ‘Alternative” evergreen structures attract institutional investors

Run-off evergreens and rolling vintage umbrella funds are giving LPs more flexibility than traditional closed-end drawdown funds.

Question marks over liquidity in semi-liquid funds

Recent events lead to queries about how much advantage investors receive from the ‘illiquidity premium’.

Five themes that will shape private debt in 2026

With a new year under way, we present the topics we think will be major talking points in the months to come.

Inside Allianz’s push into private debt secondaries, co-investments

Marc Smid, who oversees the German insurance giant’s private debt fund of funds, sets out his expectations and concerns with respect to GPs.

Oaktree launches asset-backed credit interval fund

Fund targeting wealth platforms will work with extensive network of third-party originators to source investments.

Evergreens are attractive, but LPs aren’t rushing into anything

Semi-liquid strategies can provide benefits to LPs, but they aren’t a one-size-fits-all solution, shows our LP Perspectives 2026 Study.

S&P finds BDCs and interval funds resilient

Meanwhile, direct lenders discover that offering a PIK option enhances their appeal.

Jirí Król: Product design is a subtle balance

Fund structures are evolving to meet the evolving needs of LPs and the new wave of retailisation.

Private wealth: The next frontier for private credit

A wave of evergreen fund launches aimed at opening alternative asset classes to high-net-worth individuals means many are optimistic about the viability of retail investments.

Goldman Sachs Asset Management on the importance of scale in private credit

Goldman Sachs Asset Management’s James Reynolds explains why having a large cross-strategy presence is key to remaining competitive in the rapidly expanding private debt industry.