Private Equity Secondaries Evergreen Solution
Managed by Van Lanschot Kempen Investment Management
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Private Equity Secondaries Evergreen Solution
Managed by
Van Lanschot Kempen Investment Management
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Key Statistics
Fund Size
€150M
Launch Year
2025
Min. Investment
€250,000
Availability
Open through selected distributors
Structure
Sub-fund of Van Lanschot Kempen Umbrella II Coöperatief U.A.
Product Category
Open-end
Domicile
Netherlands
GP Type
Multi
Liquidity Level
Semi-liquid
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
Quarterly subscriptions
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
6 out of 7
Allocations
Investment Strategy
Industry Focus
Portfolio Composition
Information about fund
The Private Equity Secondaries Evergreen Solution is an open-end, evergreen private equity fund introduced by Van Lanschot Kempen Investment Management NV on 27 May 2025. It is structured as a sub-fund of the Van Lanschot Kempen Umbrella II Coöperatief U.A., a Dutch cooperative. The manager holds a licence and is supervised by the Dutch Authority for the Financial Markets (AFM). In February 2026 Van Lanschot Kempen announced that the fund had raised more than EUR 150 million during its launch period, following the roughly EUR 540 million raised across two other private equity funds launched by the firm in 2025.
Key figures
Raised in launch period
Over EUR 150 million
Announced 29 January 2026
Minimum investment
EUR 250,000
Stated ambition to lower to EUR 100,000
Lock-up period
3 years
Quarterly exit thereafter, subject to available liquidity
Risk indicator
6 of 7
Value calculated once per quarter
Investment strategy
The fund acquires existing private equity interests on the secondary market, with a particular focus on GP-led secondaries — transactions in which the original fund manager remains involved and typically co-invests. Secondary purchases are combined with co-investment opportunities sourced from the firm's private equity partners, which contributes to cost efficiency and faster capital deployment. The objective is a diversified private equity portfolio across sectors and regions with a relatively shorter investment cycle than traditional primary fund investing.
- Focus on GP-led secondary transactions with continued sponsor involvement
- Complemented by co-investments alongside private equity partners
- Evergreen structure: proceeds from underlying investments are reinvested
- A significant portion of launch capital was committed to private equity partners shortly after launch
Structure and terms
| Structure | Sub-fund of Van Lanschot Kempen Umbrella II Coöperatief U.A. (Dutch cooperative) |
| Domicile | Netherlands |
| Launch date | 27 May 2025 |
| SFDR classification | Article 6 |
| Minimum investment | EUR 250,000 (ambition to lower to EUR 100,000) |
| Subscriptions | Quarterly |
| Redemptions | Quarterly after a 3-year lock-up, subject to available liquidity |
| Target group | Exclusively well-informed investors; offered to wealthy private individuals and entrepreneurs, primarily private banking clients |
Liquidity and suitability
Participants can subscribe on a quarterly basis. After a lock-up period of three years, participations can also be redeemed quarterly, depending on available liquidity. Because the fund's value is calculated only once per quarter, the summary risk indicator is assigned to class 6 and the likelihood of potential losses is assessed as high. Underlying private equity investments are illiquid, and redemption after the lock-up remains dependent on available liquidity. Management fees and other cost figures are not publicly disclosed; the prospectus and the Key Information Document are available via the manager's website and should be read before investing.
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