E173 The Weekly Update, Accredited Investor Regulation and Evergreen Funds

S4:E173 First, the weekly update in venture and then a special interview with Ammon Simon the Chief Counsel to the Senate Committee on Banking, Housing, and Urban Affairs chaired by Sen. Tim Scott of SC which has purview over the FTC and associated investing regulation. He’ll be talking about reforming the Accredited Investor definition and how that might affect GenZ and Millennial investors. I’ll then follow that with a brief explanation of a new type of fund structure gaining traction with Startup Investors, Evergreen Funds, also known as perpetual or open-ended funds. They offer an indefinite lifespan, unlike traditional closed-end funds which have a fixed termination date, allowing continuous investment and reinvestment of gains while allowing Periodic Redemptions. While private market investments are generally illiquid, Evergreen Funds offer investors scheduled redemption opportunities, usually on a quarterly or annual basis, providing a level of liquidity not typically seen in traditional private funds, though redemptions are usually capped to manage fund liquidity (e.g., 5% per quarter). They also allow lower Investment Minimums, enable Immediate investment Deployment and have no Capital Calls. (interview recorded 5.19.25) Reach out to Chief Counsel Ammon Simon at ammon@banking.senate.gov to advocate for change in the Accredited Investor Definition. Follow David and Paul: https://x.com/DGRollingSouth https://x.com/PalmettoAngel Connect On LinkedIn: https://www.linkedin.com/in/davidgrisell/ https://www.linkedin.com/in/paulclarkprivateequity/ We invite your feedback and suggestions at www.ventureinthesouth.com or email david@ventureinthesouth.com. Learn more about RollingSouth at rollingsouth.vc or email david@rollingsouth.vc.