Chicago-based PE firm has a diverse investor base

Adams Street Partners announce the final closing of the Adams Street 2019 Partnership Fund Program. The firm locked up roughly $740 million in capital commitments.

The global fund program received strong demand from investors worldwide. In a press release, the firm said new and existing investors came from the United States, Europe, the Middle East, and Asia.

Its investor base included public and corporate pension plans, high net worth individuals, foundations, and endowments. Adams Street Partners currently manages $40 billion in assets.

Adams Street Partners’ Program

The program offers exposure to primaries, secondaries, co-investments, growth equity, and private credit.

“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,” said 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 $1.05 billion in capital commitments. It also completed fundraising for the firm’s inaugural Private Credit program. That program has approximately $1.10 billion in capital available to deploy, including leverage.

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