Key Takeaways
- • Van Lanschot Kempen successfully launched "Private Equity Secondaries Evergreen Solution," an open-ended private equity fund focused on secondary market investments, securing over €150 million in commitments during its launch period.
- • The fund accepts quarterly subscriptions with a minimum initial investment of €250,000, with plans to reduce the minimum to €100,000 in the future, targeting high-net-worth individuals and entrepreneurs seeking long-term portfolio diversification.
- • The evergreen structure enables investors to redeem on a quarterly basis after an initial three-year lock-up period, providing liquidity characteristics uncommon in traditional closed-end private equity funds and addressing a key pain point for alternative asset investors.
- • The secondaries strategy allows investors to acquire existing interests in private equity funds and portfolios rather than committing to primary fund investments, offering shorter investment cycles and enhanced portfolio flexibility.
- • Strong client demand from Van Lanschot Kempen's private banking base signals institutional appetite for open-ended private markets solutions that blend diversification benefits with redemption flexibility.
Summary
Van Lanschot Kempen Investment Management announced on January 29, 2026, the successful launch of its "Private Equity Secondaries Evergreen Solution," an open-ended private equity fund targeting secondary market investments. The fund achieved over €150 million in committed capital during its launch period, reflecting robust demand from the firm's private banking clientele.
The fund structure represents a strategic shift in private equity accessibility for institutional and individual investors. Unlike traditional closed-end private equity vehicles with fixed terms, the evergreen structure allows investors to subscribe on a quarterly basis with a minimum commitment of €250,000—with management targeting a reduction to €100,000 minimum in future phases. Following a three-year lock-up period, investors gain the ability to redeem their positions quarterly, a liquidity feature that differentiates the offering from conventional private equity fund structures.
The fund's focus on secondary investments—where investors acquire existing stakes in operating private equity funds and portfolios rather than committing to new primary offerings—provides portfolio diversification with typically shorter investment cycles than traditional buyout or growth equity commitments. Wendy Winkelhuijzen, Member of the Management Board responsible for Private Banking Netherlands, emphasized the appeal: "The highly successful launch demonstrates that our clients are enthusiastic about this expansion of our private markets offering, which provides both diversification and flexibility. The fund can be a valuable addition to an investment portfolio, particularly due to its relatively shorter investment cycle and the increased liquidity characteristics of an evergreen structure."
The launch reflects broader industry trends toward democratizing access to private markets while addressing persistent investor concerns regarding capital lock-up and redemption constraints. By combining secondary market exposure with quarterly liquidity gates, Van Lanschot Kempen positioned the offering to appeal to high-net-worth investors and family offices managing multi-decade investment horizons while requiring periodic portfolio rebalancing flexibility.
The fund structure represents a strategic shift in private equity accessibility for institutional and individual investors. Unlike traditional closed-end private equity vehicles with fixed terms, the evergreen structure allows investors to subscribe on a quarterly basis with a minimum commitment of €250,000—with management targeting a reduction to €100,000 minimum in future phases. Following a three-year lock-up period, investors gain the ability to redeem their positions quarterly, a liquidity feature that differentiates the offering from conventional private equity fund structures.
The fund's focus on secondary investments—where investors acquire existing stakes in operating private equity funds and portfolios rather than committing to new primary offerings—provides portfolio diversification with typically shorter investment cycles than traditional buyout or growth equity commitments. Wendy Winkelhuijzen, Member of the Management Board responsible for Private Banking Netherlands, emphasized the appeal: "The highly successful launch demonstrates that our clients are enthusiastic about this expansion of our private markets offering, which provides both diversification and flexibility. The fund can be a valuable addition to an investment portfolio, particularly due to its relatively shorter investment cycle and the increased liquidity characteristics of an evergreen structure."
The launch reflects broader industry trends toward democratizing access to private markets while addressing persistent investor concerns regarding capital lock-up and redemption constraints. By combining secondary market exposure with quarterly liquidity gates, Van Lanschot Kempen positioned the offering to appeal to high-net-worth investors and family offices managing multi-decade investment horizons while requiring periodic portfolio rebalancing flexibility.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.