Metropolitan Partners raises $46.25M for open-ended evergreen fund
What's the deal? Metropolitan PartnersDealroom has a profile for this one. Try Dealroom → Evergreen Fund LP has raised $46,250,000 through an exempt securities offering, according to a filing dated September 2, 2026. The offering size remains uncapped, meaning the fund can keep raising indefinitely.
The details: The fund is structured as a Delaware limited partnership, based at 850 Third Avenue in New York. It is classified as both a pooled investment fund and a hedge fund.
Who's running it? MPF EVG GP LLCDealroom has a profile for this one. Try Dealroom → serves as general partner, with Metropolitan Partners Group Management, LLCDealroom has a profile for this one. Try Dealroom → as investment manager. Paul Lisiak is named chief investment officer, and Julian Weldon signed the filing as the general partner's authorised representative.
Why the structure matters: As an evergreen fund, it has no fixed end date or hard cap, letting it raise and deploy capital on a rolling basis. The filing cites exemptions under sections 3C and 3C.7.
The signal: Open-ended vehicles like this one give managers flexibility that traditional closed-end funds lack, reflecting a broader shift toward evergreen structures among private capital firms.
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