evergreen fund

noun

1. a fund that provides capital for new companies and makes regular injections of capital to support their development

Example Sentences

This year, the asset manager is launching what it describes as the world's first "evergreen" fund to invest in vintage vehicles, and says it'll only bet on cars worth more than 1 million euros each.

From Reuters

The proposal calls for raising $500 million over five years to create the New Jersey Innovation Evergreen Fund.

From New York Times

The E.D.A. is under Mr. Murphy’s control, enabling him to create the New Jersey Innovation Evergreen Fund without the approval of another branch of government.

From New York Times

An evergreen fund: Tola, founded in 2010, manages more than $341 million in two funds, raised from endowments and foundations.

From Seattle Times

"Let's take the profits back and turn it into an evergreen fund," Silver suggests.

From Scientific American