Evergreen and tokenised funds
As private markets innovate to attract more capital, LPs believe evergreen funds will expand, yet most remain unconvinced about tokenised funds.
The number of evergreen funds is continuing to rise, and LPs see further assets under management (AUM) growth in this area. Nearly three-quarters (73%) of our respondents expect the proportion of total private markets AUM held in evergreen funds to have increased by 2035, including 36% who anticipate a significant increase. Despite recent scrutiny of these vehicles, just 9% expect a decline.
Overall, the vast majority (85%) do not expect to invest using tokenised funds. This could be because these funds are relatively nascent or LPs may view them as access points more suited to individual investors.
Note: Some totals may not add to 100% due to rounding.
