Accelerating Liquidity for Alternatives
Sekond is the purpose-built platform helping wealth advisors, home offices, and fund sponsors move faster across the evergreen fund ecosystem.
Who We Serve
Purpose-built intelligence for every participant in the evergreen fund ecosystem
Wealth Advisors
Manage liquidity for evergreen funds. Track redemption windows, model liquidity timelines, and give clients answers backed by data.
Home Offices
Build modern alternatives portfolios with evergreen funds. Evaluate, compare, and allocate across 106+ evergreen funds with real-time coverage.
Fund Sponsors
Execute at the highest level on evergreen funds. Benchmark against peers, monitor flows, and sharpen your distribution strategy with independent market intelligence.
Our Vision
We believe alternatives should be as transparent and accessible as public markets. Our mission is to turn fragmented disclosures into continuously updated intelligence — giving every participant in the evergreen fund ecosystem the clarity to invest with confidence.
We're starting with evergreen funds — the fastest-growing asset class in alternatives — and building the data infrastructure the market has been missing.
News & Press
The latest from Sekond and the alternatives industry
Sekond launches Redemption Tracker — the first real-time view of private credit and private equity evergreen fund redemption activity
For the first time, fund sponsors and wealth advisors can see how redemption pressure is building across the $500 billion evergreen fund market — closing an information gap that has left investors reacting to liquidity cycles rather than anticipating them.
Sekond Launches Free Liquidity Monitoring Tool for Wealth Advisors as Redemption Restrictions Increase Across Private Credit Funds
New Solution Gives Advisors Clearer Visibility Into When Clients May be Able to Access Their Money
Other Fees & The Overlooked Layers
Management and performance fees get the attention, but administrative costs, leverage expenses, layered fund-of-fund charges, and subscription and redemption fees can add up quietly — and in a perpetual structure, that drag compounds indefinitely.
Performance Fees and Incentives Tied to Returns
Performance fees in evergreen funds go well beyond a simple profit share — the absence of a fixed end date complicates every mechanism underneath, from waterfall structures and hurdle rates to whether managers are getting paid on gains that haven't actually been realized yet.
Management Fees and Keeping the Lights On
A closer look at management fees in evergreen funds — how gross versus net asset calculations, leverage, and rate structures turn a simple percentage into a more complex cost driver than it first appears.
Evergreen Funds 101: A Flexible Structure
Antiquity's Scott Siemens and Michael Aronstein cut through a common misconception: evergreen funds aren't a retail product or a strategy, but an open-ended structural shell that prioritizes business performance over predetermined exit schedules.
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