The Next Wave: Why Single-GP Evergreen Funds Will Define Wealth Channel Access - Susan Long McAndrews - Strategic Advisor
For wealth professionals evaluating private markets access, the discussion focuses on how evergreen structures are positioned and distributed to advisors and small institutions. It also addresses operational and sales issues around gating headlines and the considerations for firms entering the wealth channel.
Summary
By the alternatives in wealth deskBrandon Sedloff and Susan Long McAndrews discuss private markets distribution and the evolving role of evergreen funds in wealth channel access. The episode covers single-GP evergreen structures, recent gating headlines and sales positioning, mid-market firms considering a wealth strategy, and the case for private equity in 401(k) plans.
- Evergreen funds were not primarily about liquidity, and recent gating headlines missed that point.
- Single-GP evergreen funds are reshaping access for wealth clients and small institutions.
- Sales misalignment was behind recent evergreen fund gates, and the episode discusses how to position these products properly.
- The episode covers why private equity belongs in 401(k) plans and what it will take to get there at scale.
Chapters
From the publisher’s description| Time | Chapter | Length |
|---|---|---|
| Intro | 3 min | |
| Early influences on investing | 4 min | |
| Career path from Morgan Stanley to Russell | 2 min | |
| Pentagon and China policy work | 4 min | |
| Journey to Pantheon | 2 min | |
| Allocating capital and manager selection | 2 min | |
| What made a great manager | 2 min | |
| Building the wealth channel | 4 min | |
| Scaling evergreen funds | 3 min | |
| Market evolution from 2020 to 2025 | 2 min | |
| Gating headlines and evergreen misunderstandings | 1 min | |
| Why evergreen funds work | 7 min | |
| Advising wealth advisors today | 3 min | |
| Single GP evergreen solutions | 3 min | |
| Advisory work after Pantheon | 3 min | |
| Should mid-market firms enter wealth | 4 min | |
| Looking ahead at private markets | 1 min | |
| The case for private equity in 401(k)s | 2 min | |
| Transparency and technology in evergreens | 3 min | |
| Realizations and market health | 4 min |
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Videos and podcasts are embedded from their publishers. Selections and summaries are editorial and are not investment advice.