Adams Street Partners, a private markets investment management firm with USD34 billion of assets under management, has held the close of Adams Street Venture Innovation Fund II with USD426 million in capital commitments.
The fund will focus primarily on early-stage venture fund managers globally.
Clients participating in the fundraise reflect the global nature of the firm, with commitments from both new and existing Adams Street investors located in United States, Canada, Germany, Great Britain, Japan, South Korea, and Thailand. Client types represented in this fundraise include institutional public and corporate pension plans, high net worth individuals, family offices, and endowments.
“We are proud to partner with some of the world’s premier venture managers and are thrilled to be able to offer our clients exposure to innovative and exciting companies that could shape the future,” says Brijesh Jeevarathnam, Primary Team Partner and Co-head of Global Venture Fund Investments.
Adams Street Partners is one of the private market’s earliest and oldest venture fund investors, with a track record dating back to 1979. Kelly Meldrum, Head of Primary Investments and a member of the firm’s Executive Committee, leads the team of 28 primary investment professionals across the firm’s Chicago, Beijing, Boston, London, Menlo Park, and Singapore offices.
