Adams Street Partners raises over USD2bn for secondary investments
Adams Street Partners has closed the Adams Street Global Secondary Fund 6 with approximately USD1.05 billion in capital commitments. Since April 2016, Adams Street has raised over USD2 billion in capital commitments intended to be invested in secondary investments, including within the Global Secondary Fund 6.
The programme received strong demand from institutional investors worldwide, with commitments from both new and existing investors in the United States, Europe, and Asia. The diverse array of investors included public and corporate pension plans, insurance companies, foundations, endowments, family offices and high net worth individuals.
“We are thrilled to receive strong support from a range of institutional investors, underscoring the confidence in our distinct strategy and approach to secondary market investing,” says Jeff Akers, Partner and Head of Secondary Investments. “We will continue to leverage our network and breadth of global relationships to gain access to market deal flow, while tapping our collective expertise to choose specific deals and assets where we have conviction over the long term.”
The Secondary Investments team at Adams Street consists of 15 investment professionals. The team manages over USD6 billion in assets and has completed over 210 secondary deals since the beginning of the investment strategy in 1986.