The deal nearly doubles the interval fund's net assets and is expected to add more than $3 million in incremental annual fee-related earnings.
We dive into FLEX, outlining the performance, portfolio composition, and other details of the secondaries-focused tender offer fund, leveraging EvergreenLink Data.
The tender offer fund targets private credit investments through primaries, secondaries, co-investments, and directs.
We highlight key aspects of the newly registered tender-offer fund, which will target both LP-led and GP-led secondaries.
As of March, secondaries accounted for 48.2% of the tender offer fund's portfolio, according to EvergreenLink Data.
The newly registered tender offer fund will primarily target mid- to late-stage private tech companies through primary and secondary investments.
