Adams Street Partners, a private markets investment management firm with USD40 billion of assets under management, has held the final closing of the Adams Street 2019 Partnership Fund Program at approximately USD740 million in capital commitments.
The global fund program received strong demand from investors worldwide, with commitments from both new and existing investors in the United States, Europe, the Middle East, and Asia. The diverse array of investors included public and corporate pension plans, high net worth individuals, foundations, and endowments.
Adams Street’s global program provides clients a comprehensive private markets portfolio with exposure to all of its investment strategies, including primaries, secondaries, co-investments, growth equity, and private credit. First offered in 1996, Adams Street’s global program has been consistently managed through disciplined risk management and portfolio construction techniques.
“We’re pleased to see ongoing demand from current clients and new investors in our global fund program, which continues to incorporate cutting-edge research and risk management in the development of comprehensive, globally diversified private equity portfolios,” says Miguel Gonzalo, Partner and Head of Investment Strategy and Risk Management. “Adams Street’s ability to access risk-adjusted investments across the private markets is well aligned with investors’ continued search for attractive risk-adjusted returns in the current low yield environment.”
In 2019, Adams Street also announced the final closing of the Adams Street Global Secondary Fund 6 with approximately USD1.05 billion in capital commitments, as well as the completed fundraising for its inaugural Private Credit program with approximately USD1.10 billion of capital available to deploy, including leverage.
