evergreen fund

British

noun

a fund that provides capital for new companies and makes regular injections of capital to support their development

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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The Morningstar PitchBook US Evergreen Fund Index had an annualized return of 7.2% since May 31, 2014, through November 30.

From Barron's

The Morningstar PitchBook US Evergreen Fund Index has returned an annualized 7.2% from its inception on May 31, 2014, through Nov. 30.

From Barron's

The Morningstar PitchBook US Private Equity Evergreen Fund returned 8.3% from its inception on May 31, 2021 to Nov. 30, and 11.7% for the one-year period, compared with 12% for the Morningstar U.S.

From Barron's

The Morningstar PitchBook US Private Debt Evergreen Fund index returned 5.2% from its inception on May 31, 2014 through Nov. 30, and 8.7% for the one-year period.

From Barron's

This year, the asset manager is launching what it describes as the world's first "evergreen" fund to invest in vintage vehicles, and says it'll only bet on cars worth more than 1 million euros each.

From Reuters

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023