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Q1 2026

US Evergreen Fund Landscape

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This report was updated on May 5, 2026, to correct table data on page 19.

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Evergreen funds at an inflection point

Evergreen funds have surged past $520 billion as private markets push deeper into private wealth channels. But liquidity limits, redemption gating, and credit concerns are testing the model. Our latest report examines interval fund mechanics, investor risks, and the growing convergence of public and private markets shaping 2026.


Table of contents
Market overview 3
Assets and flows 5
Performance 9
Spotlight: Interval funds liquidity 12
Fees and terms 15
Notable funds 18
Appendix: Glossary 21