Adams Street Closes Secondaries Fund at Hard Cap
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Adams Street Closes Secondaries Fund at Hard Cap

Adams Street Partners has held a final close of Adams Street Global Secondary Fund 5. The new fund was oversubscribed, surpassing the $750 million target and hitting the firm’s hard cap of $1 billion.

Limited partners in the new fund include sovereign wealth funds, public and private pension funds, insurance companies, endowments, foundations and high net-worth individuals. In combination with other managed accounts, Adams Street’s secondary program now has approximately $2 billion in new capital to invest.

Adams Street Partners provides primary and secondary partnership and direct investment management services to institutional clients. The firm has been investing in private equity partnerships since 1979 and managing direct investments in private equity since 1972. Adams Street has offices in Chicago, London, Menlo Park, and Singapore (www.adamsstreetpartners.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 5-8-13

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