Evergreen investing
starts here.

Owners makes evergreen private funds discoverable, comparable, and understandable for advisors and investors worldwide.

ConfidentialMarch 2026
Total
Market Tailwinds
Evergreen funds are
becoming mainstream

Private markets are opening to wealth investors worldwide. The number of evergreen vehicles has exploded — and Europe is just getting started.

500
1000
1500
Pitchbook, Jan. 2026 · 2026–30 proj.
EUELTIF
Cross-border retail fund. ELTIF 2.0 lowers minimums to €10K.
UKLTAF
Open-ended fund for DC pension schemes.
USTender Offer
Periodic liquidity, multi-asset class.
USNon-traded REIT
Perpetual real estate, NAV-based.
USBDC
Mid-market corporate lending.
USInterval Fund
Closed-end, private credit dominant.
owners | Evergreen funds data
2
The Problem
A booming market,
but no one can read it

Evergreen funds are the new wealth product — but the market is opaque by construction. Supply explodes, data is broken, and advisors fly blind.

Supply explosion
Hundreds of new funds every year. Heterogeneous structures, fees, liquidity. Impossible to compare.
Hidden risks
Semi-liquid = conditional liquidity. Gates, queues, redemption windows. Investors don’t see it until stress hits.
Fee opacity
Layered fees on smoothed returns. Advisors can’t see the true net cost. Comparability is near zero.
Advisors fly blind
No independent screener. Superficial due diligence. Decisions driven by brand, not data.
GPs can’t distribute
Blackstone, Apollo, KKR capture all attention. Smaller GPs struggle to reach advisors. Good funds die invisible.
owners | Evergreen funds data
3
The Solution
Making evergreen funds readable

The first independent data platform 100% dedicated to evergreen private funds.

owners | Evergreen funds data
4
Business Model
The supply pays.
The demand is freemium.

Asset managers pay to multiply their AUM. Investors get free access to independent data.

Revenue #1 — Supply
Asset managers pay
Sponsoring & premium fund listings
Analytics on user behaviour
Priority placement in screener
Their ROI: more AUM from wealth distribution channels.
Pricing
€10–50K/yr per fund
Revenue #2 — Demand
Investors: freemium
Free — Screener, fund profiles, basic data
Premium — Owners Index, market insights, AI agent
Target — Family offices, private banks, large allocators
Pricing
Free €2–5K/yr premium
owners | Evergreen funds data
5
Market Sizing
A clear path to scale

Bottom-up revenue projections based on fund sponsoring and SaaS subscriptions.

2027
2030
2032
Evergreen funds globally
~1,000
~1,500
~2,000+
Paying funds
100
× €15K/yr = €1.5M
300
× €20K/yr = €6M
500
× €25K/yr = €12.5M
Premium subscribers
1,500
× €2K/yr = €3M
5,000
× €2.5K/yr = €12.5M
12,000
× €3K/yr = €36M
Total ARR
€4.5M
€18.5M
€48.5M
Fund projections aligned with Pitchbook data (slide 2)
owners | Evergreen funds data
6
Competitive Landscape
No one does what
Owners does

Independent, AI-first, supply-side monetisation. No competitor checks all the boxes.

Target audience
Proprietary data
AI-native
Pricing
Owners
All
Soon
Yes ✓
Freemium
Borgline / Evergreenlink
All
No
Claimed
Unknown
Morningstar
All
No
~€10K/yr
MSCI / S&P / Preqin / PitchBook
Institutional
No
€20K+/yr
owners | Evergreen funds data
7
Traction
Live product.
First revenue.

Platform live with real traction — revenue generating, zero paid acquisition.

Supply — Funds
600+
Funds in database
7
Paying funds (signed)
Demand — Investors
1,600
Website visits / week
550
Accounts created
owners | Evergreen funds data
8
Roadmap
Building the moat

Free access attracts all users to Owners. The more users, the more asset managers pay for visibility — which funds the platform and keeps it free. A virtuous cycle that compounds over time.

Q2 2026
Q3 2026
Q4 2026
Product
Owners Index (proprietary)
User analytics for GPs
AI Agent (fund advisor)
Premium tier (institutional)
US + UK expansion
Users
2,000
4,500
8,000
Funds
15
30
100+
owners | Evergreen funds data
9
Team
Built to execute

Three complementary profiles with deep expertise in sales, engineering, and finance. We've shipped the product, signed the first clients, and we're just getting started.

CEO & Founder
Charlélie Vallet
Charlélie Vallet
15 years in B2B sales. Serial entrepreneur — one successful exit, one failure. Resilience + commercial DNA.
B2B SalesSerial EntrepreneurStrategy
CTO
Pierre-Guy Barèges
Pierre-Guy Barèges
25 years in security & crypto. Deep AI expertise since 2023. Building the AI-first data stack.
Security & CryptoAI / MLArchitecture
Research Director
David Razon
David Razon
MSc Finance, CFA charterholder. Institutional-grade research & market intelligence.
CFAResearchPrivate Markets
owners | Evergreen funds data
10
The Ask
Raising €500K to scale
the platform

BSA-AIR with a €3M cap. Conversion planned by end of 2026, followed by a €2M seed round in early 2027. Here's how we'll deploy the capital.

€500K BSA-AIR
50%
Product
Engineering, data pipeline, AI, infrastructure
30%
Sales
Asset manager partnerships, BD
20%
Research & analysis
Market intelligence, proprietary data
owners | Evergreen funds data
11

Join us.

Private markets are going evergreen. Advisors need better tools. Asset managers need a smarter distribution channel. We're building the platform they've been waiting for — and we'd be honoured to build it with you. Thank you for your trust.

Owners.pe →

owners | Evergreen funds data
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