Beyond the pitch

Evergreen funds are reshaping the private markets. A model once seen as marginal, now propelled by the wealth industry and major global players. Origins, figures, European dynamics: a snapshot of a structural shift.

ELTIF 2 has redefined Europe’s private markets: retail access, no thresholds, evergreen models, greater flexibility. In 2025, 162 funds (+38% vs 2024). French managers lead; US subsidiaries scale a pan-European sales machine. Two speeds, one goal: industrializing private market distribution.

Geodesic opens access to the European New Space: a unique feeder enabling investors to join Expansion in backing the champions of space and defense, at the core of technological sovereignty.

Europe widens its lead in infrastructure despite the global slowdown. At the centre of the shift, Access Capital Partners launches Otentiq Private Markets and opens co-investment to individual investors through OTENTIQ PRIVATE INFRASTRUCTURE. A natural extension of an expertise built over more than a decade in European infrastructure.