Everything you need to know about the Owners platform and evergreen fund investing.
About Owners
What is Owners?
Owners is a data and information platform dedicated to evergreen funds (also known as semi-liquid or open-ended private market funds). We help financial advisors and sophisticated investors discover, benchmark, and compare these vehicles across Private Equity, Private Credit, Infrastructure, and Real Estate.
Is Owners a fund distributor?
No. Owners is purely an information and data platform. We do not distribute, sell, or recommend any financial product. Our role is to provide transparency and clarity on the evergreen fund universe so professionals can make more informed decisions.
Is Owners free to use?
Yes. Creating an account on Owners is free and gives you full access to fund data, the screener, comparison tools, and watchlists. Evergreen fund managers pay for visibility on the platform, which allows us to keep the product free for end users.
Who is behind Owners?
Owners is an independent company founded by a team of private markets and fintech professionals based in Europe. Our mission is to bring the same level of data transparency to private markets that already exists in public markets.
How does Owners make money?
We operate a two-sided model. Fund managers and asset managers pay for enhanced visibility and data distribution on the platform. Financial advisors and investors access the platform for free.
Data & Coverage
What types of funds does Owners cover?
We cover evergreen and semi-liquid funds across four asset classes: Private Equity, Private Credit, Infrastructure, and Real Estate. This includes ELTIFs, FCPRs, BDCs, Interval Funds, Tender Offer Funds, LTAFs, and other open-ended or semi-liquid vehicles.
Where does the data come from?
Fund data is sourced directly from asset managers, public regulatory filings (e.g. SEC EDGAR for US vehicles), and verified third-party databases. We apply a rigorous quality control process before publishing any data point.
How often is data updated?
Fund-level data (NAV, performance, AUM) is typically updated quarterly, in line with fund reporting cycles. Structural data (fees, liquidity terms, strategy descriptions) is updated as changes are disclosed by the fund manager.
What is the Transparency Index?
The Transparency Index is a proprietary score (out of 10) that rates how much information a fund makes publicly available. It considers factors like reporting frequency, portfolio disclosure depth, fee transparency, and liquidity terms clarity.
Evergreen Funds
What is an evergreen fund?
An evergreen fund (or open-ended / semi-liquid fund) is a private market vehicle with no fixed end date. Unlike traditional closed-ended PE funds, investors can subscribe and redeem periodically (typically quarterly), subject to certain liquidity constraints such as gates or notice periods.
How is liquidity managed in evergreen funds?
Most evergreen funds offer quarterly redemption windows, typically limited to 5% of NAV per quarter. When redemption requests exceed this limit, a "gate" is activated and requests are fulfilled pro-rata. Some funds also impose lock-up periods (usually 1–2 years) before investors can redeem.
What are the main risks of evergreen funds?
Key risks include illiquidity (redemption gates may prevent full withdrawal), valuation risk (NAV is based on appraisals, not market prices), concentration risk, leverage, and the general risks associated with private market investments. Evergreen funds are designed for long-term investors.
What is the difference between an ELTIF and a BDC?
An ELTIF (European Long-Term Investment Fund) is a European regulated vehicle designed to channel capital into long-term investments. A BDC (Business Development Company) is a US-listed vehicle that provides financing to small and mid-sized companies. Both offer periodic liquidity, but their regulatory frameworks, tax treatments, and investor bases differ significantly.