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Unlike traditional closed-ended funds, evergreen funds seek to accommodate investor liquidity requirements while maintaining exposure to underlying illiquid assets. While this development presents considerable opportunities for both managers and investors, it also introduces important operational and governance challenges.

Geopolitical fragmentation, evolving regulation, AI, and changing capital flows are reshaping the investment landscape. Our 2026 Annual General Assembly brought together institutional investors, alternative fund managers, and industry experts to explore what these developments mean for resilience, governance, and long-term partnerships.