Adams Street Partners, a leading private markets investment firm with $60+ billion in assets under management, announced it has held the final closing of the Adams Street 2024 Global Fund Program, which has $1.1 billion in committed capital.
This Global Fund Program was designed to access some of the world's best small- to mid-growth private companies through a targeted global private equity portfolio. Plus, it exposes all of Adams Street's investment strategies, including primaries, secondaries, co-investments, growth equity, and private credit, across North America, Europe, and Asia.
The 34% increase in committed capital from the 2023 Global Fund Program shows a strong appetite among investors for small -- to mid-market private equity exposure that targets sectors experiencing growth, dislocation, and change. New and existing investors were represented in the global set of public, corporate, and Taft-Hartley pension plans, along with high-net-worth individuals, insurance companies, foundations, and endowments.
Adams Street had first implemented the Global Fund Program in 1996 as a conduit for private equity investors seeking deployment flexibility. And the Global Fund Program aims to outperform public equity markets by 3-5% through a targeted global portfolio that incorporates some of the top-performing ideas across each of Adams Street's strategies.
KEY QUOTES:
"The Global Fund Program has thrived through various market cycles, and we are optimistic about the opportunities ahead in private markets. We value the trust and confidence from our clients and will work to exceed their expectations."
- Jeffrey Diehl, Managing Partner & Head of Investments at Adams Street
"With demand for exposure to private markets growing, we believe that the Global Fund Program continues to appeal to a broad and diverse investor base. Portfolio construction of the Global Fund Program is designed to provide additional diversification beyond that of a single fund investment while still delivering attractive upside potential."