Evergreen Gavekal, an independent registered investment advisor managing $7.5 billion for high-net-worth individuals, families, and endowments, is scaling its private markets program through a growing relationship with Allocate, the private markets operating system for wealth advisory firms and fund managers.

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What began as a technology relationship for Evergreen’s private market offerings now spans the full lifecycle of the firm’s private markets business, from sourcing new investment opportunities to launching vehicles for its clients.

Founded as an investment advisory firm in 1983, Evergreen Gavekal has evolved into a comprehensive wealth management platform offering financial planning, trust services, tax advisory, and family office solutions alongside traditional investment management. Remaining committed to evolving alongside client needs, Evergreen made private markets a strategic priority and a natural extension of its broader wealth management offerings. Evergreen chose Allocate as a partner to solve operational complexity across investor onboarding, reporting, capital call management, and fund administration, pairing private market access with the technology and operational infrastructure required to manage those investments at scale.

“We’ve long believed that the strongest client outcomes come from building well-rounded, diversified portfolios across both public and private markets,“ said Wyatt Hay, Chief Operating Officer of Evergreen Gavekal. “As demand for private market investments continues to grow, we wanted a partner that could help us scale without pulling our team away from serving clients. When I saw the demo, I knew we needed it. It was exactly what we were looking for. Allocate stood out because it combined the operational infrastructure required to manage private market investments with access to a broad network of managers and opportunities. That combination has allowed us to expand while remaining focused on delivering strong outcomes for clients.“

Allocate covers the private markets lifecycle in one system, from vehicle structuring and subscriptions through capital calls, reporting, and fund administration. For Evergreen, that means launching and managing its own funds without adding operational headcount, and giving advisors and clients a clear view of positions, cash flows, and underlying companies. Allocate also brings a curated set of opportunities to supplement Evergreen’s own sourcing, while Evergreen’s team retains full control over what it recommends to clients.

“The wealth channel is past the point where private markets can run on separate systems and manual processes. Firms want one place to source, structure, and report,” said Samir Kaji, CEO and Co-Founder of Allocate. “Evergreen saw that early. Our job is to give their advisors the infrastructure and the intelligence to run the program, so the work goes into portfolio decisions rather than process.”

Evergreen remains focused on expanding access to high-quality private market opportunities for HNW and ultra-high-net-worth clients. With a scalable foundation in place, the firm plans to continue utilizing its partnership with Allocate to launch client-focused offerings across multiple private market strategies and deliver the institutional-quality experience high-net-worth investors and family offices increasingly expect.

About Evergreen Gavekal

Founded in 1983, Evergreen Gavekal is an independent registered investment advisor (RIA), with offices along the West Coast. Evergreen provides comprehensive wealth management solutions to high-net-worth individuals, trustees, businesses, and foundations, with investments, tax, and financial planning all under one roof.

The firm also operates a multi-family office that serves ultra-high-net-worth families who require specialized wealth solutions. Evergreen has an alternative investment division, Evergreen Ventures, that focuses on making non-public investments into Real Estate, Venture Capital, Private Equity, and Private Credit.

About Allocate

Allocate is the operating system for private market investing, equipping wealth advisory firms and fund managers to seamlessly source, build, and manage high-quality private portfolios. The platform combines AI-driven investment management, comprehensive fund administration, and personalized access to opportunities, making private market investing more efficient, transparent, and scalable.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Private investments involve risks including illiquidity and loss of principal and may not be appropriate for all investors.

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