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evergreen fund

British

noun

a fund that provides capital for new companies and makes regular injections of capital to support their development

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In response to questions, Cliffwater said the June 30 liquidation date in the Sept. 30 filing “was an error as it was not updated for the conversion of the vehicle to an evergreen fund, which occurred in Q3 2025.”

From The Wall Street Journal

An evergreen fund operates indefinitely.

From The Wall Street Journal

The Morningstar PitchBook US Evergreen Fund Index had an annualized return of 7.2% since May 31, 2014, through November 30.

From Barron's

The Morningstar PitchBook US Evergreen Fund Index has returned an annualized 7.2% from its inception on May 31, 2014, through Nov. 30.

From Barron's

The Morningstar PitchBook US Private Equity Evergreen Fund returned 8.3% from its inception on May 31, 2021 to Nov. 30, and 11.7% for the one-year period, compared with 12% for the Morningstar U.S.

From Barron's

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023