Evergreen funds have grown in relevance as investors seek private markets exposure with greater flexibility, smoother capital deployment, and periodic liquidity.
Dakota tracks performance, strategy details, and new fund launches across hundreds of evergreen funds and other semi-liquid alternatives spanning private equity, venture capital, private credit, and real assets. This breadth allows LPs and GPs to compare evergreen fund performance across the market.
The funds highlighted below represent the top 10 evergreen funds by performance in 2025.
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1. ARK Venture Fund
This strategy extends ARK’s high-conviction innovation framework into private markets. It targets disruptive technologies across artificial intelligence, fintech, genomics, and next-generation internet platforms, with investments often aligned to ARK’s public-market themes to provide exposure across the private-to-public lifecycle.
2. Hamilton Lane Venture Capital and Growth Fund I
This fund gives investors broad exposure to venture and growth-stage companies around the world. It uses Hamilton Lane’s network of managers to build a diversified evergreen portfolio that invests over time.
3. Alternative Strategies Income Fund
This fund is built to generate regular income by investing across private credit and other income-focused alternative assets. It aims to manage risk and deliver steadier returns over time, with periodic liquidity.
Evergreen Fund Performance inside Dakota Marketplace!
4. Cascade Private Capital Fund
This fund is an evergreen private equity interval fund managed by Cliffwater. It focuses on finding opportunities in what the manager describes as more “opportunistic” and less crowded areas of the private equity market, providing diversified private equity exposure in a semi-liquid format.
5. First Trust Private Assets Fund
This is a tender-offer fund designed to provide access to private assets globally, with a goal of long-term capital appreciation. The fund seeks exposure to market-leading, disruptive, and high-growth companies through private market investments.
6. Cantor Fitzgerald Infrastructure Fund
This is a continuously offered interval fund that seeks to maximize total return with an emphasis on current income. The strategy invests across private institutional infrastructure investment funds and public infrastructure securities, and is positioned around themes like digital transformation, energy transition, and upgrading aging infrastructure.
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7. StepStone Private Infrastructure Fund (STRUCTURE)
This is an interval fund that aims to provide current income and long-term capital appreciation by investing in a global portfolio of private infrastructure across different sectors and geographies.
8. Bow River Capital Evergreen Fund
This is an evergreen private equity fund focused on the middle and lower middle market. It invests over time with an emphasis on diversification and ongoing deployment across opportunities in that part of the private equity market.
9. CION Grosvenor Infrastructure Interval Fund
This is an interval fund designed to give investors access to GCM Grosvenor’s private infrastructure platform. Its stated objective is to seek current income and long-term capital appreciation through an accessible interval-fund structure with periodic liquidity.
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10. Wilshire Private Assets Fund
This is an interval fund designed to give investors one-stop access to private markets through a diversified mix across private equity, private credit, and real assets. The fund’s stated goals are long-term growth and current income.
Evergreen Fund Performance using Dakota
Through institutional-grade analytics, Dakota helps investors:
- Compare evergreen funds across asset classes
- Assess manager consistency over time
- Analyze fund strategy, structure, size, and underlying LP investor participation
- Track new evergreen offerings and changes with verified fund-level data
Whether you are an LP incorporating evergreen funds into a broader portfolio or a GP benchmarking an evergreen fund, Dakota provides the clarity and tools needed to evaluate evergreen funds with confidence. To explore more evergreen strategies, compare offerings, and unlock the full depth of Dakota’s private markets intelligence, book a demo of Dakota Marketplace!
About Dakota
Dakota is a financial, software, data and media company based in Philadelphia, PA. Dakota’s flagship product, Dakota marketplace, is a database of LPs, GPs, Private Companies and Public Companies used by thousands of fundraising, deal, and investment teams worldwide to raise capital, source deals, track peers, and access comprehensive data, all in one global platform.
