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GEMS – Private Markets Evergreen

GEMS Private Markets Evergreen Fund offers investors efficient, long-term exposure to private markets through a diversified, open-ended structure, designed to enhance risk-adjusted returns by accessing top-tier managers across strategies, while maintaining lower volatility than traditional equity markets.

This webpage is a marketing communication. Please refer to the Prospectus and the PRIIPs Key Information Document (KID) before making any final investment decisions.

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Investment overview

GEMS NS Partners’ Private Markets Evergreen Fund Fund offers investors efficient, long-term exposure to private markets through a diversified, open-ended structure, designed to enhance risk-adjusted returns by accessing top-tier managers across strategies, while maintaining lower volatility than traditional equity markets.

  • Evergreen structure: stay continuously invested, unlike traditional closed-end funds
  • Global exposure: diversified across geographies and sectors
  • Semi-liquid private markets access: blending performance and flexibility
  • Elite manager selection: 7 to 10 funds chosen from top-quartile private markets managers
  • Core focus: Private Equity (60–80%): targeting long-term capital appreciation
  • Income enhancement: Private Infrastructure (20–40%), stable yield and inflation protection
  • Diversifier: Private Credit (0–20%), adding downside resilience and cash flow
Why consider this fund
Flexible Access: benefit from periodic capital contributions and redemptions, unlike traditional locked-up structures.
Fully Invested from Day One: iImmediate exposure to a built-up, diversified portfolio avoids the J-curve effect.
Enhanced Risk-Adjusted Returns: private markets offer attractive long-term performance with lower volatility than public equities.
Broad Diversification: exposure to top-tier managers across private equity, infrastructure, and credit, globally.
Efficient Compounding: distributions are reinvested automatically, maximizing long-term capital growth.
Investment process and characteristics

Why Private Markets now?

In today’s shifting investment landscape, private markets offer a powerful combination of growth potential, income stability, and diversification. With public market valuations stretched and volatility on the rise, investors are increasingly turning to private assets to enhance long-term performance.

Private Equity: unlocking growth

  • Access undervalued, high-growth private companies not available in public markets
  • Benefit from supportive policies and long-term capital appreciation potential
  • Reduce portfolio volatility with less exposure to daily market swings

Private infrastructure: income & stability

  • Generate stable, inflation-linked cash flows from essential services
  • Participate in the energy transition through investments in renewables and electrification
  • Leverage public-private partnerships backed by strong policy support
  • NS Partners’ Private Markets Evergreen Fund gives you access to top-tier managers across private equity, infrastructure, and credit, delivering enhanced risk-adjusted returns in a flexible, open-ended structure.

Evergreen vs. Closed-End Funds: Why Structure Matters

Choosing the right investment structure has a significant impact on accessibility, liquidity, and performance. 

Evergreen structures provide greater accessibility, liquidity and capital efficiency, making them ideal for long-term investors seeking smoother performance and flexible participation in private markets.

Investment team
Cédric Dingens, CAIAHead of Investment Solutions and Institutional Clients, Member of the Executive Committee
Julien Baltzinger, CFAPortfolio Manager
Angel Sanz, CFAChief Investment Officer, Head of Asset Management
Caron BastianpillaiSenior Portfolio Manager
Gabriele CasatiSenior Portfolio Manager
James MacphersonCountry Manager United Kingdom, Senior Portfolio Manager
Share classes
Strategy AuM
Fund DomicileLU
Fund AuMUSD 35 226 435
NAV108.12 USD
Fund ManagerCédric Dingens
Fund Inception Date31 January 2025
Fund Reference CurrencyUSD
Share class CurrencyUSD
SRI Indicator—
AdministratorApex Funds Services SA
CustodianUBS Europe SE, Luxembourg Branch
AuditorErnst & Young S.A.
Countries Available for SaleLU, CH
Last update 16.06.2026 See more information

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