Key Takeaways
- • Goldman Sachs and Evercore are sounding out investors on a fund strategy designed to help private equity firms hold assets for significantly longer periods, according to Bloomberg.
- • Bankers at Jefferies Financial Group, Raymond James Financial and Lazard are pitching the same concept alongside Goldman and Evercore, per people familiar with the matter.
- • The structures under discussion are evergreen continuation vehicles, which are being tested for select investors.
- • Talks are underway with several large private equity firms, according to the sources cited by Bloomberg.
Summary
Goldman Sachs Group Inc. and Evercore Inc. are sounding out investors on a fund strategy that could allow private equity firms to hold onto assets for significantly longer periods than traditional fund lives permit, according to Bloomberg reporting dated October 19, 2026. The strategy centers on so-called "forever funds," which the article describes as evergreen continuation vehicles.
Bankers at both firms, along with their counterparts at Jefferies Financial Group Inc., Raymond James Financial Inc. and Lazard Inc., are pitching these vehicles and testing structures that could appeal to select investors. The information comes from people familiar with the matter, who said talks are underway with several large private equity shops.
The reporting is based on unnamed sources and does not disclose specific fund sizes, target returns, or final terms. Readers should treat the details as early-stage, as the structures remain under testing and no launch or close has been reported.
Bankers at both firms, along with their counterparts at Jefferies Financial Group Inc., Raymond James Financial Inc. and Lazard Inc., are pitching these vehicles and testing structures that could appeal to select investors. The information comes from people familiar with the matter, who said talks are underway with several large private equity shops.
The reporting is based on unnamed sources and does not disclose specific fund sizes, target returns, or final terms. Readers should treat the details as early-stage, as the structures remain under testing and no launch or close has been reported.
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