--- title: Bridging the Liquidity Gap description: Evergreen private market vehicles are growing rapidly. Learn how managers balance liquidity, performance, and investor alignment in semiliquid funds. image: https://content.investmentsandwealth.org/hubfs/bridging-the-liquidity-thb.png --- [Skip to content](https://content.investmentsandwealth.org/publication/bridging-the-liquidity-gap#main-content) [![Investments & Wealth Institute ](https://content.investmentsandwealth.org/hubfs/content-hub/iwi_logo_w294_h46.svg "Investments & Wealth Institute ")](https://investmentsandwealth.org/) Explore - [All Content](https://4812204.hs-sites.com/content-hub) - [Video](https://4812204.hs-sites.com/content-hub?type=Video) - [eBook](https://4812204.hs-sites.com/content-hub?type=eBook) - [Case Study](https://4812204.hs-sites.com/content-hub?type=Case+Study) - [Blog](https://4812204.hs-sites.com/content-hub?type=Blog) - [Podcasts](https://4812204.hs-sites.com/content-hub?type=podcast) - [Webinars](https://4812204.hs-sites.com/content-hub?type=webinar) - [Find An Advisor](https://www.investmenthelp.org/) - [Contact](https://investmentsandwealth.org/contact-us) - [My Dashboard](https://portal.investmentsandwealth.org/s/login/?startURL=%2Fs%2Fhome-page) - Certifications - [CIMA](https://investmentsandwealth.org/certifications/cima-certification) - [CPWA](https://investmentsandwealth.org/certifications/cpwa-certification) - [RMA](https://investmentsandwealth.org/certifications/rma-certification) - [Help Me Choose](https://investmentsandwealth.org/certifications/compare-iwi-certifications) - [Online Education](https://investmentsandwealth.org/online-learning-financial-advisor-ce) - [Conferences & Events](https://investmentsandwealth.org/financial-advisor-conferences-events) - [Experience 2026](https://experience.investmentsandwealth.org) - [Membership](https://investmentsandwealth.org/membership) - [Publications & Resources](https://content.investmentsandwealth.org/) - [Partner Solutions](https://investmentsandwealth.org/partner-and-sponsor) - [About](https://investmentsandwealth.org/about/mission-purpose-value) Investments & Wealth Review - May/June 2025 # Bridging the Liquidity Gap ALIGNING PRIVATE MARKET VEHICLES AND INVESTMENT STRATEGY Admin  Evergreen private market vehicles—also known as perpetual or semiliquid structures—are becoming an increasingly prominent way for asset managers to meet the evolving needs of individual investors. With assets in higher-liquidity private market funds now measured in the trillions and growing faster than traditional drawdown vehicles, liquidity management has emerged as a central challenge. Although these funds offer more frequent access than finite-life structures, their underlying investments often remain illiquid, requiring careful coordination between redemption policies, cash management, and long-term strategy. This article examines how alternative asset managers approach liquidity in evergreen vehicles, highlights key differences across private market strategies, and outlines critical questions advisors should ask when assessing whether a manager’s liquidity framework is aligned with investor expectations and portfolio objectives.    Instant Access ## Read the Full Publication Our Members receive new publications by mail and in the Membership Newsletter. 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