Company Announcements

Three funds totaling more than $11.7 billion in assets under management¹ across private credit, private equity, and real estate are now available on the Willow Wealth platform

NEW YORK--(BUSINESS WIRE)--Dec. 4, 2025-- Willow Wealth today announced the launch of direct access to private markets evergreen funds from Carlyle (NASDAQ: CG), Goldman Sachs Asset Management (NYSE: GS), and StepStone (NASDAQ: STEP) on its platform. The three evergreen funds seek to give investors immediate exposure to fully deployed portfolios across private credit, private equity, and real estate in a structure designed to provide periodic liquidity².

Investors can now access the following curated evergreen funds on the platform, with additional funds expected to launch in the months to come:

• Carlyle Tactical Private Credit Fund
• StepStone Private Markets
• Goldman Sachs Real Estate Diversified Income Fund

“Private markets are undergoing a shift in how they’re accessed and who can access them,” said Mitchell Caplan, CEO of Willow Wealth. “Today’s announcement represents our vision for the next generation of private markets investing — one where investors can build complete portfolios combining always-on core exposure through evergreen funds with targeted, differentiated individual opportunities. These three inaugural funds from Carlyle, Stepstone, and Goldman Sachs stood out for their track records, scale, and strategic fit as core portfolio holdings.”

Private markets evergreen funds, generally structured as interval or tender offer funds, represent more than $180 billion in assets under management³ and have been available for years through registered investment advisors. Willow Wealth seeks to change that by offering access to a curated slate of evergreen funds, alongside its existing drawdown funds, individual investments, and managed portfolio solution on the platform.

The three funds collectively represent over $11.7 billion in assets under management as of September 30, 2025.⁴ Unlike traditional private equity or credit funds that may take years to deploy capital and generate potential returns, investors gain exposure to a fully invested fund within days of subscribing.

“We see private markets playing a larger role in long-term portfolio construction, and distribution partnerships are key to meeting that growing demand,” said Shane Clifford, Head of Global Wealth at Carlyle. “Willow Wealth’s platform aligns with our commitment to broaden access to institutional-grade solutions, and we look forward to working together as they support their investors’ goals.”

“The rapid rise in interest rates a few years ago precipitated a significant valuation reset in the real estate market,” said Sean Brenan, a Managing Director within Goldman Sachs Asset Management. “With rates moderating and transaction volume increasing, we believe the market is at an inflection point characterized by attractive buying opportunities.”

The three funds are available now to accredited investors on the Willow Wealth platform. For more information about evergreen fund investing on Willow Wealth, visit WillowWealth.com.

About Willow Wealth

Willow Wealth enables you to build a private markets portfolio across real estate, private credit, private equity, and more. Our platform provides access to differentiated individual investments and diversified funds, as well as an automated investing solution that handles everything for you. No matter your goals, our platform aims to make private markets investing simple and accessible. Join more than 500,000 members and start investing in private markets today at willowwealth.com.

¹ Source for AUM: Carlyle, Stepstone Group, and Goldman Sachs Asset Management. As of September 30, 2025.
² Evergreen funds should be viewed as a long-term investment as they are inherently illiquid and suitable only for investors who can bear the risks associated with the limited liquidity.
³ Source: Morningstar. As of December 31, 2024.
⁴ See footnote 1.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251204081591/en/

Willow Wealth Contacts:
Prosek Partners
Pro-WillowWealth@Prosek.com

Source: Willow Wealth