Permanent Capital Vehicles:
An Overview of Alternative Structures and Terms

Legal & Regulatory

Evergreen permanent capital fund vehicles (PCVs) have evolved from a novel form of fund entity once resisted by potential investors to a widely accepted type of fund vehicle encouraged by investors and managers alike across both the developed and emerging markets.

GPCA member White & Case presents an overview of some of the more common PCV alternatives together with key pros and cons arising from these alternative structures.