Inside the Evergreen Evolution
Evergreen funds are reshaping how investors access private markets, offering broader access, continuous investment, and periodic liquidity within structures designed for long-term investing. The CAIA.nxt™ Evergreen Funds Microcredential gives professionals the knowledge to understand how these structures work, how they differ from traditional liquid and drawdown vehicles, and how they can be applied across private credit, real estate, infrastructure, private equity, and other alternative investment strategies.
From Structure to Strategy
Offered entirely online, the Evergreen Funds Microcredential is a six-hour program that helps you learn how evergreen funds work and how they can be incorporated into portfolio and investment decisions across alternative asset classes. Gain practical knowledge to assess where evergreen structures may fit and ask the right questions when considering them.
Each module is designed to build your understanding step by step.
Module 1
Performance Measurement in Alternative Investments
- Return Measurement
- Risk-Adjusted Returns
- Benchmarking
Module 2
Introduction to Alternative Investment Fund Structures
- Important Fund Vehicle Concepts
- Liquid Fund Structures
- Illiquid Fund Structures
- Managed Liquidity Vehicles
Module 3
Evergreen Funds & Alternative Investments
- Industry Trends & Adoption
- Strategy Considerations
- Due Diligence
- Evergreen Fund Portfolio Implementation
- Client Suitability
Individual Course Enrollment Fee
US$395*
Plus applicable taxes.
*Group rates available for teams and organizations. Contact the CAIA.nxt™ team for details at nxt@caia.org.
Are You a Student?
Students are eligible for special pricing across CAIA.nxt™ programs, including this microcredential, other focused microcredentials, and the Fundamentals of Alternative Investments Certificate.
Build your knowledge now with a flexible, focused learning experience designed to fit alongside your studies.
Supported by the Wealth and Asset Management Industry
Barings is a $502 billion* global alternative asset manager that partners with institutional, insurance and wealth clients and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual with a minority investment from MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets.
*As of June 30, 2026
HarbourVest is an independent, global private markets firm with 44 years of experience and more than $165 billion assets under management as of June 30, 2026. Our interwoven platform provides clients access to global primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit. Our strengths extend across strategies, enabled by more than 1,300 team members across Americas, Asia, Europe, and the Middle East.
Macquarie Asset Management (MAM) is a leading global asset manager, trusted by institutions, individuals and communities to responsibly manage $US517.9 billion in assets. MAM provides clients with a diverse range of investment solutions that seek to deliver superior risk-adjusted returns.
Macquarie Asset Management is part of Macquarie Group, a diversified global financial services group operating in asset management, retail and business banking, wealth management, as well as advisory, risk and capital solutions across debt, equity, financial markets and commodities. Founded in 1969, Macquarie Group employs over 19,100 people in 30 markets and is listed on the Australian Securities Exchange.
Learn more about Macquarie Asset Management’s private markets solutions for wealth at macquarie.com/mam/wealth
All figures as of 30 June 2026.
Recognizing Your Accomplishments
After successfully completing the program, you will be awarded a certificate of completion, as well as a verifiable digital badge from CAIA and through Credly. This program will also qualify for 6 continuing education hours for CFP® Board (US only) and Investments and Wealth Institute members.
