Evergreen Vehicles for the Modern Portfolio – Episode 2

Evergreen Vehicles for the Modern Portfolio – Episode 2

Welcome to part 2 of our fireside‑chat series on the evolution of private markets and the rise of evergreen investment vehicles. Building on part 1’s historical context, this episode dives deeper into the mechanics that have shaped investor experiences in traditional private market structures and why many of these legacy challenges have accelerated the move toward evergreen solutions. In this episode of the series, we take a deeper look at the mechanics behind traditional private market investing, including the practical challenges of capital call structures and why unpredictable deployment can complicate portfolio planning. We offer a simple explanation of IRR, how it works, what it measures, and the common misconceptions surrounding it, before exploring more holistic ways to evaluate the success of private market investments. The discussion also touches on liquidity considerations, highlighting why limited liquidity is both a defining feature and a key risk factor in private markets.