How evergreen funds work — and why they might be a better fit for you

When most people hear “private market funds,” they think of: capital commitment, terms over many years, and so-called capital calls. But that's not how the funds work on the NAO platform.

We're building for a new generation of investors — and that means we think of funds differently.

Evergreen structures, simply explained

Think of an evergreen fund as a living investment vehicle. Unlike traditional funds, which collect capital once, invest it over a few years and then dissolve again, evergreen funds are open. Always They raise capital on an ongoing basis, invest regularly and develop steadily.

That means:

• You can invest when it's right for you
• Your capital is used quickly
• You are not bound to fixed running times

It's a combination of structure and flexibility — tailored just for you.

No capital calls, no surprises

Traditional private equity funds often work with capital calls. You commit yourself to a sum — but parts of the money are only retrieved and invested over years.

It's different with NAO.

You invest when you're ready — and your capital is used directly. No waiting. No spontaneous payment requests. No misunderstandings.

More flexible, but with a system

Evergreen doesn't mean “sell anytime.” But it means more flexibility. The funds at NAO offer clear, regular return windows in which you can return your shares under transparent conditions.

You always know:

• When a return is possible
• How your investment is developing
• What return you can expect — after deducting all fees

Why it's important

Evergreen structures were developed to:

• to offer today's investors flexibility
• Reduce complexity
• to make long-term private market access easy and useful

You get access to attractive opportunities — without being rigidly bound. For anyone who wants to build up wealth over the long term, this is real progress.

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