CHICAGO–(BUSINESS WIRE)–Adams Street Partners, a leading private markets investment management firm with more than $54 billion of assets under management globally, announced today it has secured more than $3.2 billion in capital commitments for its Secondaries Investment Program,* including the successful close of Global Secondary Fund 7.
The latest Secondaries Investment Program is 50% larger than the firm’s previous fundraise, which included the close of Global Secondary Fund 6. Adams Street’s Global Secondary Fund 6 has consistently outperformed its peers, ranking in the top quartile since closing in 2019.**
Adams Street’s Secondaries Investment Program enjoyed strong demand from new and existing institutional investors globally. The successful close raises total secondaries strategy assets at Adams Street to $8.2 billion.
“Demand for our Global Secondaries Investment Program demonstrates the trust that investors have in Adams Street’s secondaries investment strategy,” said Jeff Akers, Partner and Head of Secondary Investments. “The aggregate fundraise exceeded our expectations and leaves the team well positioned to capitalize on our strategy in today’s evolving market.”
“Adams Street’s diversified platform and deep relationships globally generate a secondaries deal pipeline that enables our team to move quickly and with conviction during periods of uncertainty,” said Jeff Diehl, Managing Partner and Head of Investments. “We continue to find attractive secondary investment opportunities as volatility leads to change and dislocation in several sectors globally.”
About Adams Street Partners
Adams Street Partners is a global private markets investment manager with investments in more than 30 countries across five continents. The firm is 100% employee-owned and manages $54 billion in assets under management. Adams Street strives to generate actionable investment insights across market cycles by drawing on over 50 years of private markets experience, proprietary intelligence, and trusted relationships. Adams Street has offices in Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, and Tokyo. Visit www.adamsstreetpartners.com