Over $500 billion sits in registered semi-liquid evergreen funds — vehicles that promise periodic liquidity to investors but invest in fundamentally illiquid assets. When redemption pressure builds, gates activate. Until today, no one — not fund sponsors, not wealth advisors, not allocators — has had a real-time view of how that pressure is actually moving across the market.

Sekond's Redemption Tracker closes that gap. Launching today, it provides a continuously updated view of the supply and demand for redemptions across private credit and private equity evergreen funds, built from data funds report to the SEC. At launch, the tracker covers 34 private credit funds and 12 private equity funds, updating in real time as new filings come in.

The tracker arrives during a period of sustained redemption stress in private credit. In the recent quarter, funds have raised caps, cut caps, and prorated repurchase offers below 50% of tendered shares. Gates are not a failure of these vehicles; they are the design working. The question is whether the funds, wealth advisors, and investors in the Evergreen market have the information to anticipate and manage through them.

For fund sponsors, knowing where market-wide demand is heading is the difference between drawing on credit facilities preemptively, slowing reinvestment, or selling liquid assets at the wrong time. For wealth advisors, it is the difference between guiding a client through a redemption cycle and reacting to it. Information is the missing infrastructure layer. 

The Redemption Tracker uses four reporting thresholds so users always know how complete the picture is:

  • Confirmed — 100% of tracked funds have reported
  • Firm — more than 60% have reported
  • Preliminary — more than 30% have reported
  • Projected — fewer than 30% have reported

The tracker is available for free at www.sekond.co with a Sekond account.

About Sekond

Sekond is the purpose-built intelligence platform for the evergreen fund ecosystem. The company is trusted by 50 wealth teams and 15 fund sponsors and supports research teams representing over $100B AUM. Headquartered in Boston, Sekond combines private markets expertise with advanced analytics to give advisors clearer insight into complex investments.

contact: contact@sekond.co