Redemption Gate

A cap, typically a percentage of NAV per quarter, that limits how much an evergreen fund pays out in redemptions at once.

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.
Liquidity SleeveThe cash, undrawn credit facility, and shorter-duration holdings an evergreen fund keeps on hand to fund redemptions without selling its illiquid assets.
Suspension RightA fund's contractual right to halt redemptions entirely under extreme conditions, rather than fulfilling them at a NAV that hasn't caught up to reality.