Adams Street Closes Global Secondary Fund 5 at $1B
May 9, 2013
Adams Street Partners has closed Adams Street Global Secondary Fund 5 at its $1 billion hard cap. The fund was oversubscribed, eclipsing its $750 million target. The Adams Street Partners team seeks to invest between $5 million and $500 million in fund interests, direct secondary transactions and general partner restructurings. In combination with other managed accounts, Adams Street's secondary program now has approximately $2 billion in new capital to invest.