Wellington Venture Growth Evergreen Fund

Wellington Venture Growth Evergreen Fund is an open-end vehicle managed by Wellington and domiciled in Luxembourg, where it is established as a SICAV operating under the UCI Part II framework. It is structured as a Non-ELTIF vehicle, so access across Europe depends on national private placement and distribution arrangements rather than the ELTIF passport, and it is registered for pan-European distribution on that basis. The fund is denominated in USD and carries an inception year of 2026.

The strategy is venture within private equity, pursued through an evergreen rather than drawdown format: capital is deployed on a continuous basis and investors enter and exit at net asset value through the subscription and redemption mechanics set out in the offering documents, instead of through capital calls and a fixed fund life. Dealing terms, including any gating or notice arrangements that govern how redemption requests are matched against portfolio liquidity, are defined at share-class level and should be read alongside the prospectus, since venture holdings are inherently illiquid and the vehicle's liquidity depends on inflows, reserves and realisations rather than on the underlying assets being tradable.

Within the coverage universe of 494 vehicles, the fund is one of 163 in private equity and one of 347 domiciled in Luxembourg, narrowing to 117 that combine both. Among that group, the venture focus and the UCI Part II wrapper place it in a smaller subset of Luxembourg-based, non-ELTIF semi-liquid structures aimed at professional and eligible investors.