private-markets-taxonomy

Fund Structures

This document outlines common fund structures used in private markets.

Closed-End Funds

Funds with a fixed life and capital commitment period, commonly used in private equity, private credit, and real assets.

Evergreen Funds

Open-ended structures allowing ongoing subscriptions and redemptions, subject to liquidity terms.

Continuation Vehicles

GP-led secondary structures used to extend ownership of existing assets beyond the original fund term.