The Rise of Evergreen Funds: A Game-Changer for Private Markets Access

The private markets have long been the domain of institutional investors and ultra-high-net-worth individuals, with barriers to entry including high minimum investments, illiquidity, and complex structures. However, the emergence of -a hybrid model blending the flexibility of public markets with the returns potential of private assets-is reshaping this landscape. At the forefront of this shift is Willow Wealth, which has partnered with industry titans like Carlyle, Goldman Sachs, and StepStone to democratize access to institutional-grade private market exposure for accredited investors. These curated evergreen funds are redefining scalability, liquidity, and diversification, offering a compelling solution for modern portfolio construction.

Democratizing Institutional-Grade Access

Traditional private equity and real estate funds often require minimum investments in the millions, lock up capital for a decade or more, and lack transparency. Evergreen funds, by contrast, are structured as , access . Willow Wealth's collaboration with StepStone, for instance, has introduced the StepStone Private Equity Strategies Fund (STPEX), which provides exposure to a diversified portfolio of private equity assets managed by top-tier sponsors. This fund accepts daily inflows and offers semi-annual redemption opportunities, bridging the gap between private market returns and public market accessibility.

The scale of these partnerships is equally striking. As of September 30, 2025, the three evergreen funds offered by Willow Wealth-Carlyle Tactical Private Credit Fund, Goldman Sachs Diversified Real Estate Income Fund, and StepStone Private Markets Fund. According to financial reports, these vehicles enable investors to gain immediate exposure to fully deployed portfolios spanning private credit, real estate, and private equity, with real-time reporting and daily net asset value updates. For accredited investors, this represents a paradigm shift: access to previously exclusive strategies without sacrificing liquidity or transparency.

Liquidity Without Compromise

One of the most significant innovations of evergreen funds is their ability to deliver periodic liquidity while maintaining the long-term focus of private market investments. Unlike traditional private funds, which require investors to commit capital for extended periods, evergreen structures allow redemptions at predefined intervals (e.g., quarterly or semi-annually). This addresses a critical pain point for individual investors, who often struggle to balance the illiquidity of private assets with their need for flexibility.

Goldman Sachs' Diversified Real Estate Income Fund, for example, . According to Willow Wealth's blog, similarly, the Carlyle Tactical Private Credit Fund leverages the firm's expertise in credit markets to offer dynamic, risk-managed allocations with periodic liquidity. These features are particularly valuable in volatile markets, .

Diversification at Scale

Evergreen funds also amplify diversification benefits by pooling capital across hundreds of underlying assets. The StepStone Private Markets Fund, for instance, aggregates exposure to a broad array of private equity, real estate, and credit strategies, managed by top-tier sponsors. This multi-strategy approach reduces concentration risk while capturing the alpha potential of private markets. For accredited investors, it offers a "one-stop" solution to diversify across asset classes and geographies, all within a single vehicle.

Moreover, the partnership between Willow Wealth and these firms underscores a broader industry trend: the . According to Investment News, by leveraging the operational expertise of Carlyle, Goldman Sachs, and StepStone, Willow Wealth has created a platform that simplifies due diligence, reduces administrative burdens, and ensures alignment with institutional-grade standards. This is particularly critical for investors who lack the resources to directly negotiate terms with private fund managers.

Strategic Implications for Portfolio Construction

The rise of evergreen funds is not merely a structural innovation-it is a strategic imperative for modern portfolio construction. As wealth managers increasingly prioritize private market allocations to enhance returns and diversification, evergreen funds provide a scalable, liquid, and accessible vehicle to achieve these goals. According to Investment News, according to a report by iCapital, , with evergreen structures at the forefront of this evolution.

For accredited investors, . By integrating these vehicles into their portfolios, investors can:
1. Enhance returns .
2. Mitigate risk .
3. Maintain liquidity .

Conclusion

The collaboration between Willow Wealth and industry leaders like Carlyle, Goldman Sachs, and StepStone exemplifies how evergreen funds are transforming private market access. By combining institutional-grade expertise with investor-friendly structures, . As demand for private market exposure intensifies, , liquidity, .