Adams Street Partners, a private markets investment firm with over $60bn in assets under management, has held the final close of its oversubscribed Venture Innovation Fund IV programme (VIF IV) with more than $1.2 billion in capital commitments.
VIF IV comprises Venture Innovation Fund IV, Leaders Fund II and Adams Street Venture Select Fund 2023 and, according to a press statement, “encompasses a diverse portfolio of venture fund investments, secondaries, and direct investments, which will seek to strategically target exposure to some of the world’s most innovative and disruptive companies”.
VIF IV, which attracted support from institutional investors, foundations, family offices, and wealth platforms from three continents, exceeded its target and is over 40% larger than the firm’s previous venture innovation programme.
Adams Street has been a involved in venture capital since the 1970s, with a formal launch of its Venture Innovation Strategy nearly a decade ago.
