The EvergreenLink team is excited to announce the launch of our Tender Offer Tracker, a new tool for tracking redemption activity across 300+ evergreen funds.
The Tracker combines real-time updates on newly disclosed tenders with data on 4,300+ historical tender offers dating back to 2002. It covers both in-progress and completed tenders, giving users a single view of current market activity and how that's changed over time.
Users can go deep on the full tender history of an individual fund or compare activity across funds side by side. Filtering by fund, manager, fund type, stage, and date makes it easier to focus on a particular fund, peer group, or period.
What Users Can Track
- Upcoming redemption windows and deadlines: View offer start dates, withdrawal deadlines, and request deadlines across active tenders.
- Tender pricing over time: See where tenders are pricing and how final repurchase values have changed across a fund's previous offers.
- Completed tender results: Review repurchase requests, accepted amounts, shares repurchased, and other final offer outcomes.
- Redemption pressure across funds: Compare withdrawals between funds to assess where investor demand for liquidity is highest and lowest.
- Potential redemption queues: Measure unfulfilled demand when repurchase requests exceed the amounts accepted.
- Underlying tender terms: Review valuation dates, pre-tender shares outstanding, repurchase limits, and other offer-level details used to evaluate the structure and scale of each tender.
Use-Cases for Fund Managers and Wealth Allocators
For fund managers and sponsors, the Tender Offer Tracker supports peer benchmarking by making it easier to compare redemption activity and liquidity dynamics across competing funds.
For RIAs, institutional investors, and other wealth allocators, it provides a clearer view of fund liquidity conditions and historical investor withdrawal activity when monitoring the liquidity risk of existing investments or evaluating new opportunities.
Integration and Access
The Tender Offer Tracker is accessible directly on the EvergreenLink platform, exportable into Excel, and available via API, supporting seamless integration into institutional research and portfolio workflows.
It is complemented by our "Breaking News Alerts", which flags new redemptions and sends them directly to your inbox as notices are released.
Tender Offer Tracker is the latest of many new product launches since EvergreenLink's February launch. Users can also track events, ownership data, operating metrics, balance sheets, incentive fees, and more for >330 evergreen funds.
For more information on accessing this new data, along with EvergreenLink's full range of semi-liquid evergreen fund insights, reach out to [email protected] or [email protected].
The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
Repurchase requests in the $4.3 billion private debt fund have now fallen for two consecutive quarters, more than halving from 8.5% in Q1 to 3.8% in Q3.
The equity commitments were raised across an evergreen fund, a closed-end venture debt fund, and a rated note offering.
The $25 billion HPS Corporate Lending Fund has once again limited withdrawals after repurchase requests hit ~11.5% of outstanding shares.
Shareholders submitted an estimated $4.3 billion of Q3 repurchase requests, representing around 10% of shares outstanding, as of June.
Pantheon Global Infrastructure Secondaries Fund will target global opportunities across digital infrastructure, power and utilities, renewables, transport, and social infrastructure.
Program-wide subscriptions fell nearly 7% from the previous month, while transactional NAV stood at $6.5 billion.
The LP is also weighing the rollover of prior TAO commitments into the latest evergreen vintage, which is targeting $5-7 billion over an 18-month fundraising period.
Sun Life has committed $150 million in seed capital to the vehicle, which invests globally across infrastructure funds, secondaries, and co-investments.
