--- title: "Podcast: Jessica Sellam, Rothschild & Co." description: Luc Maruenda discusses Eurazeo's journey to create Europe's largest Evergreen fund, highlighting key milestones, strategies, and future expansion plans in the private wealth sector. image: https://community.ipem-market.com/hubfs/IPEM_Community_Podcast_Header_1200x628.png --- ## [![logo_IPEM-community_orange-1](https://community.ipem-market.com/hubfs/logo_IPEM-community_orange-1.svg "logo_IPEM-community_orange-1")](https://community.ipem-market.com/) [Follow us on LinkedIn ](https://www.linkedin.com/company/ipem_privateequity) [Follow us on Youtube ](https://www.youtube.com/@ipem?themeRefresh=1) [More information ](https://www.ipem-market.com/) [✕](https://community.ipem-market.com/podcast-jessica-sellam-rothschild-co#atbs-offcanvas-primary) [** ](https://community.ipem-market.com/podcast-jessica-sellam-rothschild-co#) Share - In this latest podcast episode, Jessica Sellam, Managing Director, Head of Private Markets Group, Rothschild & Co., discusses the historical barriers to investing in private markets and how evergreen fund structures are removing them, bringing greater transparency to what has traditionally been an opaque marketplace. During the podcast, Jessica presents Rothschild & CO’s view on the opportunity that is emerging to build democratised access for its private wealth clients and how technology, regulatory changes, and investor appetite are driving the adoption rate more broadly. Two key areas of discussion emerged during the podcast: 1. Reassessing traditional manager selection criteria 2. Navigating the practical challenges of implementation #### **Reassessing Manager Selection Criteria** While track record remains a cornerstone of manager selection, Jessica highlighted a clear shift towards incorporating innovation into evaluation frameworks. This includes favouring managers with differentiated strategies or specialised expertise in emerging areas such as technology, sustainability, and digital assets. Scalability is also becoming increasingly important. Managers are expected to offer structures that broaden access—such as feeder funds or lower minimum vehicles—without compromising performance.   Alongside this, operational excellence has moved up the agenda. In a more democratised private markets environment, private banks are placing greater emphasis on strong compliance infrastructure, institutional-grade reporting, and transparent fee models.   > "It’s most likely we will focus on single GP strategies. The trigger will probably be, at some point, are we able to deliver the same quality of portfolio with evergreen structures compared to what we can do with closed-ended funds?” Jessica Sellam. #### **Navigating Implementation Challenges** The discussion also focused on the practical challenges of adapting manager selection to this evolving landscape. Fee structures remain a key sticking point, with private banks seeking more flexible pricing that aligns with lower ticket sizes while maintaining proper incentive alignment.   Liquidity management presents a further complexity. There is growing demand for structures that incorporate liquidity features, such as periodic redemption windows, without eroding the illiquidity premium that underpins private market returns.    ![James Williams](https://community.ipem-market.com/hs-fs/hubfs/1744544007605.jpeg?width=180&height=180&name=1744544007605.jpeg) [James Williams](https://community.ipem-market.com/author/james-williams) James is an experienced financial journalist and editor with over 20 years experience covering private markets and alternatives. He is host of the Clockwork CIO podcast. - [**](https://www.linkedin.com/in/james-williams-8074151b/) [Previous ](https://community.ipem-market.com/roundtable-what-is-the-ideal-portfolio-construction-for-evergreen-funds) ### [Roundtable: What is the Ideal Portfolio Construction for Evergreen Funds?](https://community.ipem-market.com/roundtable-what-is-the-ideal-portfolio-construction-for-evergreen-funds) [Next ](https://community.ipem-market.com/webinar-summary-wealth-portfolios-with-secondaries-at-their-core) ### [Webinar Summary: Wealth Portfolios with Secondaries at Their Core](https://community.ipem-market.com/webinar-summary-wealth-portfolios-with-secondaries-at-their-core) #### RELATED NEWS [![image](https://community.ipem-market.com/hubfs/IPEM_Community_Podcast_Header_1200x628.png)](https://community.ipem-market.com/podcast-eurazeo-on-building-a-evergreen-fund-from-scratch) [Wealth](https://community.ipem-market.com/tag/wealth) ### [Podcast: Building An Evergreen Fund from Scratch](https://community.ipem-market.com/podcast-eurazeo-on-building-a-evergreen-fund-from-scratch) Luc Maruenda discusses Eurazeo's journey to create Europe's largest Evergreen fund, highlighting... By [James Williams](https://community.ipem-market.com/author/james-williams) Mar 9 2026 [![image](https://community.ipem-market.com/hubfs/Screenshot%202025-06-06%20at%2010.29.05.png)](https://community.ipem-market.com/fundraising-in-europe-what-us-gps-need-to-know) [Fundraising](https://community.ipem-market.com/tag/fundraising) ### [Webinar Summary: What every US manager needs to know about fundraising in Europe](https://community.ipem-market.com/fundraising-in-europe-what-us-gps-need-to-know) Learn key fundraising strategies for US private equity managers targeting European investors,... By [Ashling Barry](https://community.ipem-market.com/author/ashling-barry) Jul 21 2025 [![image](https://community.ipem-market.com/hubfs/IPEM_Community_header-weekly-spin_full.jpg)](https://community.ipem-market.com/aspens-wealth-ambitions) [Weekly Spin](https://community.ipem-market.com/tag/weekly-spin) ### [ASPEN’s wealth ambitions](https://community.ipem-market.com/aspens-wealth-ambitions) Adams Street takes its ASPEN franchise global, launching a Luxembourg evergreen fund to bring... By [James Williams](https://community.ipem-market.com/author/james-williams) Jan 20 2026 ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "James Williams", "url" : "https://community.ipem-market.com/author/james-williams" }, "dateModified" : "2026-06-18T10:16:05.318Z", "datePublished" : "2026-06-11T08:20:27.000Z", "headline" : "Podcast: Jessica Sellam, Rothschild & Co.", "image" : [ "https://community.ipem-market.com/hubfs/IPEM_Community_Podcast_Header_1200x628.png" ], "mainEntityOfPage" : { "@id" : "https://community.ipem-market.com/podcast-jessica-sellam-rothschild-co", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://community.ipem-market.com/hubfs/IPEM%20Brand%20Identity/logo_IPEM_classique-orange.svg" }, "name" : "EUROPEXPO (IPEM)" } } ```