evergreen fund


Also found in: Financial.
Related to evergreen fund: Mezzanine financing, Wrap fee

evergreen fund

n
(Banking & Finance) a fund that provides capital for new companies and makes regular injections of capital to support their development
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
In 2018, the Scottish Government increased Highland Council's Evergreen Fund for private developers by PS4 million, which is largely being used in Fort William at its Blar Mor site.
Bright Minds Capital Partners ("BMCP") has been launched as the first evergreen fund specializing in early stage investments in legal and data technology, focusing on AI, blockchain and big data management applications, the company said.
M2 EQUITYBITES-July 11, 2019-Exigent launches evergreen fund for legal tech
Global Banking News-July 11, 2019-Exigent launches evergreen fund for legal tech
The governor said those five new incentives will make New Jersey the "State of Innovation." They include a heavily reigned in version of Grow NJ called NJ Forward capped at $200 million a year and a so-called Innovation Evergreen Fund, where the state and private venture capital funds would finance start-ups eyeing a move to the state and split the investments 50/50.
The scheme was part-funded by the European Regional Development Fund and The North West Evergreen Fund.
The balance was provided by the original North West Evergreen Fund, and will be used to finance the construction costs, professional fees and expenses of Citylabs 2.0.
The announcement comes after the first expansion of Highview's investment team in November 2016 and the launch of Highview's inaugural $500 million evergreen fund in October 2016.
The aim would also be to create an evergreen fund with the proceeds from profitable exits being reinvested back into the fund to back more companies - although as with most managed funds there could a small number of investment failures.
The aim would also be to create an evergreen fund, with the proceeds from profitable exits being reinvested back into the fund to support more companies - although, as with most managed funds, there could a small number of investment failures.
They do not have any evergreen fund that one can recommend to clients," says Pawan Agrawal, Founder of investguru.in, which advises 4,000 clients.
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