Willow Wealth Expands Private Markets Platform With Launch of Evergreen Funds From Carlyle, Goldman Sachs Asset Management, and StepStone

Key Terms

evergreen funds financial

Evergreen funds are investment pools that continuously accept new money and do not have a fixed end date, allowing them to grow and adapt over time. They function like a never-ending garden, constantly planting new seeds to keep growing, which gives investors ongoing access to fresh investment opportunities. This structure matters because it provides flexibility, liquidity, and the potential for sustained growth, making it appealing for long-term investors.

private credit financial

Private credit is a form of borrowing where companies or organizations obtain loans directly from private lenders rather than traditional banks or financial markets. It often involves customized financing arrangements that are not traded publicly, making it a way for businesses to access funding outside of standard channels. For investors, private credit offers the potential for higher returns, but typically comes with increased risk and less liquidity compared to more conventional investments.

private equity financial

Private equity involves investing money directly into private companies or buying out public companies to make them private, with the goal of improving their performance and increasing their value over time. For investors, it offers an opportunity to earn returns by helping companies grow or restructure, often requiring a longer-term commitment and a higher level of involvement than typical stock investments.

interval financial

An interval is a set period of time between two points, like the hours between morning and afternoon. For investors, understanding intervals helps to measure how long they plan to hold an investment or how often they review their portfolio, making it easier to manage risks and set goals over specific time frames.

tender offer funds financial

Tender offer funds are the money set aside by investors or companies to buy shares directly from shareholders during a takeover or buyout process. They are important because they determine how much financial backing is available to acquire a company, influencing whether the offer is attractive and successful. Essentially, these funds act as the pool of resources used to persuade shareholders to sell their ownership stakes.

registered investment advisors financial

Registered investment advisors are professional firms or individuals who provide financial advice and manage investments for clients. They are officially registered with regulatory authorities, which helps ensure they follow rules designed to protect investors' interests. This registration provides a level of trust and accountability, making it easier for investors to find qualified advisors who prioritize their financial well-being.

assets under management financial

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

accredited investors financial

Accredited investors are individuals or entities considered to have enough financial knowledge and resources to understand and handle more complex and risky investments. They are often allowed to participate in private investment opportunities that are not available to the general public, similar to how experienced players might access exclusive clubs or events. This status helps ensure that investors can manage potential risks and rewards appropriately.

Three funds totaling more than $11.7 billion in assets under management¹ across private credit, private equity, and real estate are now available on the Willow Wealth platform

NEW YORK--(BUSINESS WIRE)-- Willow Wealth today announced the launch of direct access to private markets evergreen funds from Carlyle (NASDAQ: CG), Goldman Sachs Asset Management (NYSE: GS), and StepStone (NASDAQ: STEP) on its platform. The three evergreen funds seek to give investors immediate exposure to fully deployed portfolios across private credit, private equity, and real estate in a structure designed to provide periodic liquidity².

Investors can now access the following curated evergreen funds on the platform, with additional funds expected to launch in the months to come:

• Carlyle Tactical Private Credit Fund
• StepStone Private Markets
• Goldman Sachs Real Estate Diversified Income Fund

“Private markets are undergoing a shift in how they’re accessed and who can access them,” said Mitchell Caplan, CEO of Willow Wealth. “Today’s announcement represents our vision for the next generation of private markets investing — one where investors can build complete portfolios combining always-on core exposure through evergreen funds with targeted, differentiated individual opportunities. These three inaugural funds from Carlyle, Stepstone, and Goldman Sachs stood out for their track records, scale, and strategic fit as core portfolio holdings.”

Private markets evergreen funds, generally structured as interval or tender offer funds, represent more than $180 billion in assets under management³ and have been available for years through registered investment advisors. Willow Wealth seeks to change that by offering access to a curated slate of evergreen funds, alongside its existing drawdown funds, individual investments, and managed portfolio solution on the platform.

The three funds collectively represent over $11.7 billion in assets under management as of September 30, 2025.⁴ Unlike traditional private equity or credit funds that may take years to deploy capital and generate potential returns, investors gain exposure to a fully invested fund within days of subscribing.

“We see private markets playing a larger role in long-term portfolio construction, and distribution partnerships are key to meeting that growing demand,” said Shane Clifford, Head of Global Wealth at Carlyle. “Willow Wealth’s platform aligns with our commitment to broaden access to institutional-grade solutions, and we look forward to working together as they support their investors’ goals.”

“The rapid rise in interest rates a few years ago precipitated a significant valuation reset in the real estate market,” said Sean Brenan, a Managing Director within Goldman Sachs Asset Management. “With rates moderating and transaction volume increasing, we believe the market is at an inflection point characterized by attractive buying opportunities.”

The three funds are available now to accredited investors on the Willow Wealth platform. For more information about evergreen fund investing on Willow Wealth, visit WillowWealth.com.

About Willow Wealth

Willow Wealth enables you to build a private markets portfolio across real estate, private credit, private equity, and more. Our platform provides access to differentiated individual investments and diversified funds, as well as an automated investing solution that handles everything for you. No matter your goals, our platform aims to make private markets investing simple and accessible. Join more than 500,000 members and start investing in private markets today at willowwealth.com.

¹ Source for AUM: Carlyle, Stepstone Group, and Goldman Sachs Asset Management. As of September 30, 2025.
² Evergreen funds should be viewed as a long-term investment as they are inherently illiquid and suitable only for investors who can bear the risks associated with the limited liquidity.
³ Source: Morningstar. As of December 31, 2024.
⁴ See footnote 1.

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Willow Wealth Contacts:

Prosek Partners

Pro-WillowWealth@Prosek.com

Source: Willow Wealth