The core product in the BIP Capital private equity strategy.

The BIP Ventures Evergreen BDC ("Evergreen BDC") balances venture capital potential and an investor-friendly fund structure. Through the Evergreen BDC, BIP Capital acquires equity positions in select growth-stage North American companies that display strong competitive positioning and market potential. The innovative equity BDC structure offers flexibility, accessibility, and direct access to the private market for Accredited Investors (AI)1 and above.

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The Evergreen BDC Portfolio

The Evergreen BDC holds shares in a select group of carefully vetted high-potential companies, many of which started as early-stage investments in the BIP Ventures portfolio. A perpetual capital model, the funding provided by the Evergreen BDC is an attractive option for traction and scale phase startups. The portfolio is carefully seeded with select companies and advantageous deal structures to capture optimal investment opportunities.

24.5% Inception-to-date total net return (since Q3 2023)2
$109.5M Net Asset Value (NAV) (as of Q1 2025)
$79.1M Deployed (since Q3 2023)
950+ Investors (since Q3 2023)

The Evergreen BDC Structure

The Evergreen BDC extends decades of sourcing strategy, disciplined allocation approach, and post-investment value creation. It is built to reduce many of the frictions inherent in venture capital and to increase access and flexibility while muting volatility.
Unlimited slots for Accredited Investors and above
Low $10,000 initial investment minimums
Management fees based on NAV
Quarterly closes
100% of committed capital due at close
SEC-registered, ensuring transparency3
Annual liquidity option (starting in 2026)4
Share-based model
Platformed on Schwab and Fidelity
Incentive allocation calculated annually, life-to-date5

We invite you to get to know how the BIP Ventures Evergreen BDC creates advantages for investors and advisors.

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