Business Pitch Dictionary by pitch.dog
Investor & fund types · Working

Evergreen fund

Also called: permanent capital fund

ELI5

A fund that can keep investing without a fixed end date.

Used in conversation

“The evergreen fund can hold companies longer than a traditional fund.”

Definition

A fund designed without a fixed termination date, reinvesting returns or raising capital continuously.

Here “Evergreen fund” means: A fund designed without a fixed termination date, reinvesting returns or raising capital continuously.

Pitch context

You will see “Evergreen fund” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches investor & fund types.

Why it matters: In investor & fund types, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 6

Direct term-level sources and supporting source families.