Adams Street Partners, a private markets investment management firm with more than USD35 billion of assets under management, has closed the Adams Street 2018 Global Fund with USD824 million in capital commitments, exceeding its target of USD800 million.
The fund received strong demand from 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, high net worth individuals, foundations, and endowments.
Adams Street has offered its global program since 1996, providing clients access to a comprehensive private markets portfolio with multiple investment strategies, including primaries, secondaries, co-investment, and growth equity. The program will be managed through disciplined top-down portfolio construction and risk management techniques in an effort to optimise return per unit of risk.
“Our team continues to incorporate our latest qualitative and quantitative research into the construction of our global program portfolios to ensure that our approach remains at the forefront of an evolving market,” says Miguel Gonzalo, Partner and Head of Investment Strategy and Risk Management.
