Chicago-based Adams Street Partners closed its 2021 Global Fund with $832 million in committed capital.
The fund offers exposure to all of Adams Street’s investment strategies, including primaries, secondaries, co-investments, growth equity and private credit. Commitments came from new and existing players in North America, Europe, the Middle East and Asia, and from across the institutional investor spectrum, including public and corporate pensions, foundations and endowments.
“Investors worldwide are increasingly attracted to private market investment solutions that are data-driven and have the ability to produce attractive risk-adjusted returns,” said Jeff Diehl, managing partner and head of investments at Adams Street. “We are grateful for the confidence our investors have placed in us and the Adams Street Global Fund to help meet their return objective while seeking to successfully navigate risks.”
Last December, officials held an $823 million close of its 2020 program.
Adams Street has grown to $49 billion in assets under management, up from $42 billion last December. Earlier this year, the firm hired for its private credit business in New York.