Adams Street Partners, a private markets investment firm, has held the final closing of the Adams Street 2024 Global Fund Program with $1.1bn in commitments.
The Global Fund Program is formed to provide access to some of the world’s best small-to-mid growth private companies through a target, global private equity portfolio.
The considerable 34% increase in committed capital from the 2023 Global Fund Program illustrates, in the view of Adams Street, strong appetite among investors for small- to mid-market private equity exposure that targets sectors going through growth, dislocation and change.
Both new and existing investors were represented in the wide global set of public, corporate and Taft-Hartley pension plans, along with high net worth individuals, insurance companies, foundations, and endowments.
Jeffrey Diehl, managing partner and head of investments at Adams Street, said, “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.
Adams Street partner and global head of investment strategy and risk management Miguel Gonzalo added, “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.”
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