Why the shift toward private wealth is accelerating – and why operational infrastructure will determine who wins this new capital channel
The private markets fundraising landscape is shifting underfoot. While institutional capital remains foundational, the next wave of growth is increasingly coming from private wealth, retail-access vehicles, and evergreen fund structures.
The Private Funds CFO Insights 2026 report highlights this trend:
- 64% of firms have a defined strategy – or plan to build one – to attract private wealth capital
- More than one-third are already raising or considering evergreen funds
- LPs across the wealth spectrum are demanding faster access, greater transparency, and more flexible structures
The opportunity is undeniable, but the operational lift can be substantial.
Evergreen, semi-liquid, and private wealth-focused vehicles introduce a fundamentally different set of requirements than traditional closed-end funds – and most firms are not yet equipped to manage the data, reporting, and operational workflows these strategies require. foundation to support it.
Why evergreen and private wealth vehicles are growing so quickly
TThree forces are driving the surge:
1. Wealth managers want access to alternatives
Private markets’ outperformance has become too compelling to ignore. High-net-worth investors want institutional-quality exposure, and wealth platforms are building new channels to deliver it.
2. Evergreen funds offer smoother capital deployment
Unlike closed-end funds with finite lives, evergreen structures allow continuous fundraising, easier scaling, and alignment with long-term investment horizons.
3. Investors expect modern digital experiences
Private wealth clients want the same immediacy, clarity, and convenience they already receive in public-market platforms – something most private markets systems aren’t built to provide.
The result is a growing mismatch between investor expectations and GP operational capabilities.
The operational reality
Most investment teams underestimate how different evergreen and private wealth strategies are behind the scenes.
Evergreen vehicles bring new operational demands:
- More frequent valuations
- Monthly or even weekly NAV cycles require data consistency and speed.
- Frequent subscriptions and redemptions
These introduce rolling entry/exit points that demand precise liquidity modeling. heir AI strategy. As one CFO summarized, “You cannot automate analytics when every source file looks different.”
Higher investor counts
Instead of dozens of institutions, firms may be servicing hundreds or thousands of individual investors.
Real-time reporting expectations
Private wealth clients expect dashboards, not quarterly PDFs.
Expanded compliance requirements
Far more investors translates into many, many more onboarding and compliance requirements.
As the report notes, managing these vehicles requires a completely different operational infrastructure than traditional closed-end structures. Many firms are entering these markets before building the systems to support them.
The greatest challenge: Disconnected data
Evergreen funds and private wealth channels depend on accurate, real-time data. But today’s typical tech stack makes this nearly impossible:
- PMC files arrive in 10 or more formats
- Valuations live in spreadsheets
- Waterfalls live in separate models
- Debt data sits in another system
- Fund accounting is disconnected
- Investor reporting tools are bolted on
- Nothing reconciles automatically
When data is fragmented, nothing about evergreen operations works smoothly.
This is why firms often experience:
- Delays in NAV production
- Manual rework to resolve inconsistencies
- Slow or inaccurate investor reporting
- Liquidity issues caused by poor forecasting
- Redemptions processed with incomplete data
The report makes the point clear: Private wealth and evergreen products cannot scale without integrated, automated data flows.
Why private wealth investors expect more
Unlike institutions that accept quarterly rhythms and delayed updates, private wealth investors – and their advisors – expect:
- Immediate access to performance
- Clear liquidity terms
- A mobile-first experience
- Consistent, real-time reporting
- Transparency into fees and valuations
- Reliable communication
- Always-on access to documents
This is not a future trend. It’s the standard they already experience everywhere else in their financial lives.
To meet those expectations, private markets firms need technology that supports:
- High-frequency ingestion
- Automated report generation
- One source of truth for all data
- Rapid NAV production
- Real-time dashboards
- Secure document delivery
The truth is that traditional systems simply weren’t built for this.
How Pereview helps firms scale into evergreen & private wealth
Pereview is uniquely positioned to help firms operationalize evergreen structures and private wealth channels by giving CFOs and operations teams one unified platform for all asset, fund, investor, and debt data.
1. Real-time NAV and liquidity dashboards
Accurate, up-to-date data across the entire lifecycle supports high-frequency valuations and redemption modeling.
2. Multi-vehicle, multi-structure consolidation
Evergreen, SMA, feeder, and closed-end funds all roll up into a single source of truth.
3. Automated ingestion of PMC and internal files
Removes manual bottlenecks that slow NAV cycles and investor reporting.
4. Structured, standardized data for every asset, fund, and investor
Ensures accuracy across valuation models, exposure reporting, and LP communications.
5. Investor-grade reporting without rebuilding spreadsheets
Ad hoc reporting with Power BI, automated templates, ILPA alignment, and instant custom cuts.
6. Operational scalability without adding headcount
When hundreds of new investors arrive, the system – not the team – absorbs the complexity.
Pereview helps firms launch, operate, and scale evergreen and private wealth strategies with confidence – because their data foundation is finally strong enough to support the model.
Evergreen is the future – but only for firms with the right infrastructure
Private wealth capital is the next major growth channel for private markets. Evergreen vehicles are becoming mainstream. But operational readiness – not fundraising skill – will determine who succeeds.
Firms that modernize their data architecture, automate their reporting, and unify their investment lifecycle will be able to execute these strategies at scale. Firms that don’t risk falling behind quickly.
Pereview is the platform built to support the next generation of fund structures: evergreen, private wealth, semi-liquid, and beyond.
