Adams Street Partners LLC, a private markets investment management firm with more than $54 billion of assets under management globally, has raised more than $3.2 billion in capital commitments for its Secondaries Investment Program, including the close of Global Secondary Fund 7.
The latest Secondaries Investment Program is 50 percent larger than the firm’s previous fundraise, which included the close of Global Secondary Fund 6. The close raises total secondaries strategy assets at Adams Street to $8.2 billion.
“We continue to find attractive secondary investment opportunities as volatility leads to change and dislocation in several sectors globally,” comments Jeff Diehl, managing partner and head of investments.