Evergreen funding

(redirected from evergreen fund)
Also found in: Dictionary.
Related to evergreen fund: Mezzanine financing, Wrap fee

Evergreen funding

A British term referring to the gradual injection of capital into a new or existing enterprise.

Evergreen Funding

A situation in which a start-up receives funding in small amounts over a long period of time. This differs from an IPO or some venture capital investments, which tend to be large, one-time-only capital infusions. This tends to be a lower risk arrangement for those providing capital to the start-up, because if it fails in the meantime, no further capital infusions will be required.
References in periodicals archive ?
Ms Barnes said: "Wragge & Co has been working closely with the North West Evergreen Fund for some time and we are delighted to have been able to support it in its first investment.
Malcolm Page, deputy chief executive at ONE, said: "What we have established is an evergreen fund, a revolving fund that will be here for a long time to come.
He said: "What we have established today is an evergreen fund, a revolving fund that will be here for a long time to come.
For example, Clerical Medical's Evergreen fund invests in firms in recycling, water treatment, waste collection and renewable energy.
This investment is one of the most recent from the JumpStart Evergreen Fund which has backed more than 76 portfolio companies and is now making new investments alongside two entirely new funds: the USD20 million NEXT Fund, designed to invest larger amounts in later stage startups, and the USD10 million Focus Fund, which invests exclusively in female and minority-owned ventures throughout Ohio.
FW Capital also manages the tees valley Catalyst Fund, a PS10m evergreen fund offering short-term finance for companies delivering large contracts.
Based in Greenwich, Connecticut, Sagard Capital is an evergreen fund with an indefinite holding period for its investments.
Promote the use of the EverGreen Fund and Efficiency Vermont programs 2.
The aim is for it to be an evergreen fund with interest and capital repayments - typically between 12-24 months - being reinvested back to support new deal flow.
The UK small-cap fund is set to close on May 7, 2010, and the evergreen fund would close on June 11, 2010.
Companies returning space to the market in the first quarter of 1999 included Nine West Group, (29,237 square feet at 1109 Westchester Avenue in White Plains); Lieber Evergreen Fund (41,809 square feet at 2500 Westchester Avenue in Purchase): and Bell Atlantic (40,000 square feet vacated at 222 Bloomingdale Road in White Plains).