Evergreen Fund Due Diligence Checklist

This guide provides a comprehensive checklist for advisors and allocators evaluating evergreen fund structures. It outlines critical due diligence questions organized into categories such as team, performance, strategy, operational management, and liquidity management. The document emphasizes the importance of understanding the unique features of evergreen funds, including ongoing liquidity, dynamic valuation, and perpetual capital deployment. Advisors are encouraged to assess the historical performance drivers, deal flow, team experience, and alignment of interests. Additionally, the guide details the operational aspects, including the redemption and subscription processes, valuation methods, and liquidity stress management. It also addresses the need for clear communication with investors and the use of AI in enhancing fund operations. By focusing on these areas, the checklist aims to assist in evaluating the sustainability and effectiveness of evergreen fund structures.