Adams Street alumni launch new VC firm

A new Chicago-based firm, Fairway Capital Management, is focusing on providing top tier access to IT and healthcare venture capital funds, with an eye toward alignment of interest. Fairway was launched this month by Adams Street veterans Kevin Callahan, Kathy Wanner, Laura Milligan, Lauren Bozzelli and Tom Gladden. The diverse and experienced team is focused on generating attractive investment performance and fee schedules that emphasize performance over management fees. The team has worked together for nearly 15 years and Fairway has more than 50% female/minority ownership that they say provides valuable diversity of thought, leading to better decision making and investment results. Gladden was the founder of Macrosight through 2019 and prior to that was a partner on the Adams Street Partners Primary Investment Team from 2002 through 2016. An advisor to private equity firms most recently, Wanner was a partner and manager of the Adams Street Partners U.S. Primary Investment Team for 22 years. Meanwhile, Milligan was director of private equity for The Boeing Company for five years and prior to that was at Mercer Investment Consultant and previously was at Adams Street Partners for three years. Bozzelli was a partner on the client service, corporate and fund accounting teams at Adams Street for a decade, prior to that she worked at KPMG. Callahan, meanwhile, was the chief operating officer at Adams Street until 2016.

Adams Street alumni launch new VC firm

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