Data sourced from Dakota Private Markets, the private fund performance platform powered by Dakota. Learn More | Request Access
Evergreen funds are growing quickly across private equity, private credit, real estate, and hybrid strategies.
Adoption is accelerating.
But benchmarking hasn't caught up.
There isn't a centralized source for evergreen performance data. If you want to evaluate these vehicles properly, your team typically has to dig through Form D filings, pull performance disclosures, figure out the structure, and standardize inconsistent reporting.
It's manual. It takes time. And it's not scalable.
Dakota Private Markets, powered by Dakota, removes that friction by consolidating and organizing evergreen performance data into a structured, benchmark-ready dataset.
In this article, we're discussing how Dakota Private Markets consolidates evergreen fund performance into a structured, benchmark-ready dataset, and how LPs and GPs are actually using it. By the end, you'll know exactly what's tracked, how it's sourced, and where to find it.
Evergreen funds create opportunity, but they also introduce complexity. The structure is different from traditional closed-end vehicles, which means benchmarking requires a different approach.
Dakota Private Markets supports LP workflows in a few practical ways.
LPs use Dakota Private Markets to compare evergreen funds across the strategies they actually invest in: private credit, private real estate, private equity, hedge funds and liquid alternatives, venture capital, and other strategies including fixed income, real assets, and infrastructure.
Because performance metrics are standardized and reviewed by Dakota Private Markets' research team, allocators can evaluate vehicles side-by-side instead of piecing together data from multiple documents. It makes screening faster and peer comparisons more consistent.
Benchmark evergreen performance across asset classes in minutes. Request access to Dakota Private Markets.
Not all evergreen funds are built the same. LPs can analyze structural differences between interval funds, Business Development Companies (BDCs), tender offer funds, and other perpetual vehicles.
Redemption terms, reporting cadence, and structural mechanics matter, especially when evaluating liquidity exposure. Because evergreen funds don't have a fixed end-of-life like closed-end funds, Dakota Private Markets tracks their performance as annualized returns, YTD, 1/3/5-year, 10-year, and since inception, rather than IRR at fund close. Dakota Private Markets clearly categorizes fund structures so teams don't have to figure it out themselves.
Many established managers are launching evergreen vehicles alongside traditional closed-end funds. LPs use Dakota Private Markets to identify which sponsors have entered the evergreen market, track expansion across strategies, and monitor sponsor-level rollups.
This helps investment teams understand how a platform is evolving and where capital formation is heading.
Because the data is consolidated and standardized, LPs can use Dakota Private Markets to support IC materials, manager comparison decks, allocation pacing discussions, and ongoing monitoring. Instead of manually citing filings, teams can reference organized, benchmark-ready data.
Strengthen your IC materials with standardized evergreen benchmarking data. Request access to Dakota Private Markets.
Evergreen vehicles are becoming more competitive. For GPs, understanding the broader landscape is just as important as understanding their own performance.
GPs use Dakota Private Markets to see how peers are structuring evergreen products, benchmark reported performance, identify new entrants in the evergreen space, and monitor capital formation trends. Because Dakota Private Markets aggregates data across all 314 tracked evergreen and interval vehicles, managers gain real visibility into the competitive environment.
As perpetual capital becomes a larger part of private markets distribution, managers need context around liquidity frameworks, strategy positioning, and target investor segments. Dakota Private Markets' evergreen dataset helps sponsors see how the market is evolving, and where their product fits.
Relative performance matters, especially during fundraising and ongoing investor conversations. GPs can benchmark evergreen performance metrics against peers across strategy and structure classifications. That insight supports clearer, more informed positioning.
Understand where your evergreen vehicle stands in the competitive landscape. Request access to Dakota Private Markets.
Before Dakota Private Markets, benchmarking evergreen funds meant searching Form D filings manually, classifying structures independently, extracting performance data, reformatting inconsistent disclosures, and repeating the process over and over.
Dakota Private Markets does that work instead. The Evergreen & Interval Fund dataset includes:
Unlike a dataset built purely from scraped filings, Dakota Private Markets' evergreen and interval fund records are dual-sourced: public filings from SEC disclosures, Form D, and pension filings, combined with direct manager submissions through Dakota's GP relationship network. A 60+ person data team reviews and reconciles both streams before anything is published, which is what keeps the dataset current rather than stale the moment a fund stops filing.
Evergreen funds are becoming a structural part of private markets distribution. Institutional investors and wealth platforms are increasing exposure. Sponsors are launching new perpetual vehicles at scale.
As the category grows, benchmarking becomes necessary. Transparency isn't optional. It's part of staying competitive.
Ready to benchmark evergreen funds without digging through filings? Request access to Dakota Private Markets and explore the dataset live.