Glossary - Evergreen and semi-liquid credit funds
Description
Evergreen and semi-liquid credit funds are private credit vehicles that invest in illiquid loans, such as direct lending or asset-backed lending, but with more flexible access than closed-ended funds. They raise and deploy capital continuously, accept new subscriptions at regular intervals, and typically offer quarterly redemption windows subject to liquidity.
Alternate Names
- Evergreen private credit funds
- Semi-liquid private credit funds
- Open-ended credit vehicles
