Private wealth and asset management executives gathered in Paris to discuss the evolution of evergreen funds. Industry leaders believe the semi-liquid segment has matured beyond serving only wealthy clients following its first growth cycle. At the IPEM Global conference, KKR partner Alisa Wood emphasized that the standard 5-percent-per-quarter liquidity gate acted as a solution, not a problem, during recent redemption stress. The consensus highlights the critical importance of liquidity management, investor alignment, and scale for future fund structures.

Participants converged on the view that evergreen structures are now mainstream investment vehicles. Discussions focused on how funds can balance investor redemption needs with long-term asset stability. The Paris event served as a barometer for industry sentiment, signaling a shift toward more robust, scalable evergreen models that prioritize transparency and operational resilience.