Adams Street Partners LLC, a private markets investment management firm headquartered in Chicago with more than $52 billion of assets under management, has closed its Co-Investment Fund V with over $1.3 billion of committed capital.

Adam Street’s Fund V aims to target approximately 50 investments with general partners globally. The fund exceeded its original targets and showed a representation from both existing and new investors. The close of Fund V brings the firm’s total co-investment strategy assets to $4.2 billion.

“Adams Street’s dedicated co-investment team and long-term partnerships with GPs help enable us to source high-conviction opportunities around the world,” comments David Brett, partner and head of co-investments. “This close validates our clients’ confidence in the co-investment program and we are excited to put this capital to work over the next few years.”