Permanent capital vehicle
Definition
An evergreen fund with no fixed term and no forced exits.
Questions that involve Permanent capital vehicle.
In context
What is the Creator Revenue Fund?
A permanent capital vehicle that acquires perpetual and capped participations in creator channel revenue, collects monthly, and distributes to limited partners quarterly.
Why a permanent capital vehicle?
The asset is perpetual. A ten-year closed-end fund holding perpetual revenue rights would be forced to sell compounding assets as they enter their most productive years.
From: General
Definitions are provided for reference and are not investment, legal or tax advice. Any offer is made only by the Fund's confidential Private Placement Memorandum.