Industry News and Headlines

Side Letter: Evergreen Exhaustion

Banks are exploring evergreen fund structures to alleviate crowded product shelves, offering investors continuous capital without a fixed termination date. Recent data highlights a growing appetite for emerging managers, whose niche strategies are attracting fresh capital. Analyst Rede predicts that the surge of private‑wealth inflows could fundamentally reshape private‑equity, making traditional models unrecognizable. Side letters are expected to play a larger role in these evolving arrangements.