← Glossary
Liquidity Sleeve
The cash, undrawn credit facility, and shorter-duration holdings an evergreen fund keeps on hand to fund redemptions without selling its illiquid assets.
Orivade keeps this on the investor's record — linked to the email or document it came from, so the current status is one search away the moment an LP asks.
See also
- Evergreen FundA fund with no fixed closing date, valued on a recurring schedule and open to continuous subscriptions and redemptions.
- Redemption GateA cap, typically a percentage of NAV per quarter, that limits how much an evergreen fund pays out in redemptions at once.
- NAV (Net Asset Value)The current value of a fund's assets minus liabilities, used to price subscriptions and redemptions in an evergreen fund.