PPB in the News: Seeking Private Credit Evergreen Funds
August 8, 2025
Meeting rising demand for flexible private credit solutions.
In an interview with With Intelligence, PPB Capital Partners’ Head of Distribution, Evan Deussing, describes how the firm is expanding its search for perpetual private credit evergreen funds as investor appetite for more flexible structures continues to grow.
Currently, PPB is avoiding BDCs and is prioiritizing fund structures without a minimum two-year lock-up. The firm plans to stay focused on U.S.-based opportunities and is exploring sectors including litigation finance, entertainment and sports royalties, and healthcare royalties.
PPB typically works with 15 managers at a time, often one per strategy. However, the firm is open to having multiple managers within a single strategy—particularly when pairing evergreen and drawdown fund formats.
“We like diversification and we strive to provide solutions that address all of our clients’ priorities,” added Deussing.
Key Topics Covered:
- Broader Access, More Flexibility: PPB is seeking U.S.-based private credit evergreen funds, with an emphasis on tender offer structures.
- Sector Diversity in Focus: Actively exploring niche sectors such as litigation finance, royalties (entertainment, sports, healthcare), and more.
- Thoughtful Manager Selection: Preference for experienced managers, but open to emerging talent—especially in newer asset classes like digital assets and sports equity.
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