Ivy Asset Group's Evergreen Fund Achieves $100 Million Milestone

(Logo Courtesy of Ivy Asset Group)

Ivy Asset Group, an established private credit manager based in Charleston, South Carolina, announced that its Ivy Evergreen Fund has surpassed $100 million in assets under management (AUM), marking a significant milestone in the fund's growth trajectory.

Launched in 2023, Ivy Evergreen Fund provides asset-based and cash-flow loans to lower middle market companies with $3-30 million in EBITDA.

The fund's portfolio is diversified across product types, borrowers, and industries to mitigate risk.

Officials said Ivy believes the fund’s growth underscores investor confidence at a time when the traditional 60/40 portfolio may no longer deliver the stability and returns investors require.

The officials said the Ivy team's industry relationships and proprietary deal sourcing have driven consistent growth, accessing less competitive market segments beyond traditional private equity-sponsored lending.

This approach helps Ivy seek to secure more favorable origination terms for its portfolio, the officials said.

“Reaching $100 million in assets for the Ivy Evergreen Fund is a testament to our team's disciplined investment approach and our commitment to delivering value for our investors," said John Hooff, Founder and CEO of Ivy Asset Group.

Hooff added, "We believe our focus on smaller check sizes and shorter durations are key differentiators, especially as traditional bank lending remains constrained for many midsized businesses. Ivy's niche approach offers both attractive risk-adjusted returns and resilience through economic cycles—precisely what institutional and high-net-worth investors are seeking in today's uncertain landscape."

Officials said that as companies increasingly pursue non-traditional financing options, Ivy seeks to identify and execute on overlooked opportunities that larger institutions may ignore, aligning with the growing investor demand for specialty finance and opportunistic credit strategies.

The Ivy Evergreen Fund is available to qualified clients through Fidelity Investments, Charles Schwab, and BNY Pershing.

Founded in 2009, Ivy seeks to provide financing solutions across the credit spectrum to lower middle market businesses.

Ivy primarily invests through asset-based and cash flow lending transactions to companies with proven track records and recession-resistant qualities.