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Private equity funds
Posted on 7/16/25 at 3:49 pm
Posted on 7/16/25 at 3:49 pm
Any of you have any experience with evergreen private equity funds?
With the majority of small companies not publicly traded would any of you consider this type of investment for a small portion of your portfolio?
With the majority of small companies not publicly traded would any of you consider this type of investment for a small portion of your portfolio?
9
Posted on 7/16/25 at 4:00 pm to pattonquad
Usually very illiquid
Posted on 7/16/25 at 4:48 pm to pattonquad
quote:
Any of you have any experience with evergreen private equity funds? With the majority of small companies not publicly traded would any of you consider this type of investment for a small portion of your portfolio?
Only experience is when my wife went to work for a company that was just bought by PE. They allowed their execs to buy into the company if they met the criteria.
I bought in after my house sold and 6 months later the evaluation was 50% higher. I got in pretty low and hoping to ride this thing 10x.
Posted on 7/16/25 at 4:53 pm to pattonquad
I've considered PE but haven't actually pursued it.
1) There is a minimum you need to put in
2) Sometimes there can be a requirement to put in more
3) Lockup / liquidity risk
1) There is a minimum you need to put in
2) Sometimes there can be a requirement to put in more
3) Lockup / liquidity risk
Posted on 7/16/25 at 5:04 pm to pattonquad
You better have a lot of investable assets if you are only putting in a "small portion" of your portfolio. Most we work with have a minimum $1MM buy-in and many are raising that because they said the $1MM investor is usually the most high maintenance. They typically have about $10MM liquid assets and want to grow it beyond traditional investments but can't really stomach losing that much so they are always calling and having to be talked off the ledge.
Posted on 7/16/25 at 5:41 pm to BamaAlum02
quote:
Most we work with have a minimum $1MM buy-in
UBS just contacted us with a couple of new offerings. Minimum was 1/10th your buy-in. We weren't interested d/t risk and illiquidity. But for some folks, especially if the buy is tech infused, it could be a good move.
Posted on 7/16/25 at 6:04 pm to pattonquad
I'm in one...Neuberger Berman. I have looked at Carlyle and Blue Owl.
Posted on 7/16/25 at 6:30 pm to NC_Tigah
I’ve been approached with minimum net worth target and then a minimum investment.
I think the net worth was $1M for one fund and $2.5M for another. With I think $100K minimums for actual investment.
I think the net worth was $1M for one fund and $2.5M for another. With I think $100K minimums for actual investment.
Posted on 7/16/25 at 9:27 pm to pattonquad
quote:
would any of you consider this type of investment
Definitely.
But saying private equity is a broad term. There are various strategies, costs, liquidity profiles, etc. within private equity.
The evergreen funds usually have liquidity on the books by requirement and aren’t as illiquid as some other drawdown vehicles. There can be lockups if too many investors request redemptions.
They also shouldn’t perform as well as the more illiquid options but are good considerations for wealthy folk.
Posted on 7/16/25 at 10:12 pm to pattonquad
quote:One of the most prominent ones is the main Partners Group fund. It takes fairly small minimums I think and is well run. They do a good job of keeping a quasi-liquidity bucket onhand in the form of debt to private companies instead of straight equity. The numbers have been good.
Private equity funds
pattonquad
Any of you have any experience with evergreen private equity funds?
Posted on 7/17/25 at 6:02 am to Big Scrub TX
Forgot about that one...I have Main as well.
Posted on 7/17/25 at 8:38 am to pattonquad
You can just buy shares of the PE firms on the publicly traded markets. Solves the liquidity issue. Gives you a piece of the high management fees. And you still get upside in the underlying investments.
The Blackstone Group Inc. (BX)
• Apollo Global Management Inc. (APO)
• KKR & Co. Inc. (KKR)
• The Carlyle Group Inc. (CG)
• TPG Inc. (TPG)
• Ares Management Corporation (ARES)
• Brookfield Asset Management Inc.
• 3i Group plc (III)
• Partners Group Holding AG
• Eurazeo
• Intermediate Capital Group (ICG)
• Onex Corporation
• FS KKR Capital Corp
• Gladstone Investment Corp (GAIN)
• Kohlberg Capital Corp (KCAP)
• American Capital Strategies (ACAS)
• BlackRock Kelso Capital Corp
The Blackstone Group Inc. (BX)
• Apollo Global Management Inc. (APO)
• KKR & Co. Inc. (KKR)
• The Carlyle Group Inc. (CG)
• TPG Inc. (TPG)
• Ares Management Corporation (ARES)
• Brookfield Asset Management Inc.
• 3i Group plc (III)
• Partners Group Holding AG
• Eurazeo
• Intermediate Capital Group (ICG)
• Onex Corporation
• FS KKR Capital Corp
• Gladstone Investment Corp (GAIN)
• Kohlberg Capital Corp (KCAP)
• American Capital Strategies (ACAS)
• BlackRock Kelso Capital Corp
This post was edited on 7/17/25 at 8:40 am
Posted on 7/17/25 at 9:08 am to pattonquad
Look into some tender offer funds and interval funds. Those becoming bigger trends in the fund space.
Posted on 7/17/25 at 11:16 am to SaintsTiger
quote:Eh. They seem to trade at perpetually distressed valuations. The market never gives any value to the carry.
You can just buy shares of the PE firms on the publicly traded markets. Solves the liquidity issue. Gives you a piece of the high management fees. And you still get upside in the underlying investments.
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