Adams Street Partners, a leading private markets investment firm with over $60bn in assets under management, has held the final closing of the Adams Street 2024 Global Fund Program with $1.1bn in committed capital.
The Global Fund Program is designed to provide access to some of the world’s best small- to mid-growth private companies through a targeted, global private equity portfolio and provides exposure to all of Adams Street’s investment strategies, including primaries, secondaries, co-investments, growth equity, and private credit, across North America, Europe, and Asia.
The Global Fund Program will celebrate its 30th anniversary in 2025.
In a press statement, Adams Street said “the notable 34% increase in committed capital from the 2023 Global Fund Program illustrates strong appetite among investors for small- to mid-market private equity exposure that targets sectors going through growth, dislocation, and change. Both new and existing investors were represented in the global set of public, corporate, and Taft-Hartley pension plans, along with high net worth individuals, insurance companies, foundations, and endowments”.
Adams Street first implemented the Global Fund Program in 1996 as a conduit for private equity investors seeking deployment flexibility. The Global Fund Program aims to outperform public equity markets by 3-5% through a targeted global portfolio that incorporates some of the top-performing ideas across each of Adams Street’s strategies.
