What Exactly Is an Evergreen Fund?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7 hours ago
0mins
Source: Barron's
- Emerging Lexicon: Individual investors need to adapt to a new vocabulary related to private investments as a new category of funds is being introduced.
- Access for Retail Clients: Financial advisors are now able to assist retail clients in investing in assets that were previously accessible mainly to institutional investors.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 132.900
Low
166.00
Averages
176.60
High
205.00
Current: 132.900
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Infrastructure Development: Blackstone's $600 million investment in Indian AI infrastructure startup Neysa highlights the importance of foreign capital in the Indian AI market, which is expected to drive innovation and application of related technologies.
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What Exactly Is an Evergreen Fund?
- Emerging Lexicon: Individual investors need to adapt to a new vocabulary related to private investments as a new category of funds is being introduced.
- Access for Retail Clients: Financial advisors are now able to assist retail clients in investing in assets that were previously accessible mainly to institutional investors.
See More
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- Investment Commitment: Amazon and Microsoft have pledged to invest $50 billion in India's AI ecosystem, demonstrating confidence in the country's technological development while providing local businesses with the necessary funding to accelerate growth in the AI sector.
- Infrastructure Development: Blackstone's $600 million investment in Indian AI infrastructure startup Neysa highlights the importance of foreign capital in the Indian AI market, which is expected to drive innovation and application of related technologies.
- Policy Support: The Indian government has announced a 400 billion Indian rupee ($4.4 billion) push for electronics manufacturing and a tax holiday for foreign cloud service companies using Indian data centers, aiming to attract more international firms to participate in local AI development.
- Market Challenges: Despite significant investments and policy support, analysts point out that India still faces numerous challenges in the AI sector, including a lack of sufficient regulatory frameworks and capital infusion, which could hinder its competitiveness in the global market.
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What Exactly Is an Evergreen Fund?
- Emerging Lexicon: Individual investors need to adapt to a new vocabulary related to private investments as a new category of funds is being introduced.
- Access for Retail Clients: Financial advisors are now able to assist retail clients in investing in assets that were previously accessible mainly to institutional investors.
See More
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- Asset Management Strength: Brookfield Corporation owns 73% of Brookfield Asset Management and also directly holds Brookfield Property Group and Brookfield Wealth Solutions, creating a diversified asset management structure that enhances its market competitiveness.
- Significant Valuation Discount: With a total value of publicly traded investments at $16.1 billion and BAM stake valued at approximately $62 billion, Brookfield's combined asset value of $78.1 billion indicates an intrinsic value of $34.86 per share, significantly higher than its current price of $48, highlighting a market undervaluation.
- Future Value Expectations: Management anticipates that by 2030, Brookfield's intrinsic value could reach $140 per share based on a forecasted 25% growth in distributable earnings, potentially offering annualized returns of 15%-20%, consistent with its historical performance.
- Market Opportunity Capture: Brookfield is actively engaging in opportunities related to AI infrastructure development and new regulatory policies allowing retirement vehicles like 401(k)s to invest directly in alternative assets, demonstrating its strategic positioning and growth potential in future markets.
See More
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- Acquisition Overview: Blackstone (BX) has agreed to acquire Champions Group, a provider of home services, with the transaction expected to close in the first half of 2026; while financial terms remain undisclosed, this move will further solidify Blackstone's position in the home services market.
- Market Coverage and Service Model: Champions Group operates across tier one metropolitan statistical areas with over 1,800 field technicians and 150,000 active members, and its unique membership model combined with a commitment to high-quality service distinguishes it in a competitive landscape, likely attracting more customers.
- Management Retention of Investment: Odyssey Investment Partners and Champions' management are retaining a significant minority investment, indicating their confidence in the company's future and potentially allowing them to continue playing a crucial role in strategic decision-making.
- Growth Prospects and Strategic Support: Champions Group CEO Frank DiMarco stated that Blackstone's resources and expertise will help accelerate growth, strengthen market leadership, and continue raising service standards in the home services industry, reflecting a positive outlook for future development.
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See More
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