Adams Street Partners, LLC, a leading private markets investment management firm with more than $73 billion of assets under management,* announced today it has secured over $5 billion in capital commitments for its latest Secondaries Investment Program, including the successful close of Global Secondary Fund 8 at $2.7 billion.

Adams Street’s Secondaries Investment Program received strong support from new and existing institutional investors globally. The latest fundraise is around 50% larger than the firm’s previous secondaries program.

Evercore estimates total secondary deal volume grew to approximately $226 billion in 2025,¹ exceeding $200 billion for the first time. Adams Street believes this backdrop supports its disciplined and targeted investment strategy which seeks to focus on the most attractive secondary opportunities globally.

“We are grateful for the strong support of our investors and the confidence they have placed in Adams Street and our secondaries platform,” said Jeff Akers, Partner & Head of Secondary Investments. “Rising transaction volumes highlight the growing role of secondaries as a liquidity and portfolio management tool for private markets participants.”

“As the secondary market expands across both LP-led and GP-led transactions, investors need managers with deep relationships, underwriting rigor, and global reach to navigate a broader opportunity set,” said Jeff Diehl, Managing Partner & Head of Investments. “We believe Adams Street is well positioned to source differentiated opportunities and invest with conviction on behalf of our clients.”

About Adams Street Partners
Adams Street is a global investment firm managing a comprehensive suite of private markets investment solutions. The firm provides private equity and private credit strategies to institutional investors, growth capital to innovative companies, and evergreen funds that offer access to multiple strategies through a single, investor-friendly commitment. The firm also supports wealth advisors with private markets solutions structured to be more flexible and accessible than traditional closed-end funds. With over 50 years of experience, Adams Street leverages deep market insights, global relationships, and proprietary data as it seeks to help investors achieve long-term investment goals. The firm is 100% employee-owned, manages $73 billion in assets, and operates out of 15 offices globally. Visit www.adamsstreetpartners.com

*Adams Street Partners’ methodology to calculate Assets Under Management (AUM) is based on fund net asset value (NAV), plus unfunded commitments, plus leverage, but excluding the effect of subscription lines of credit. The prior AUM methodology was based on investor commitments minus commitments to fully liquidated underlying partnerships. Such change in methodology was effective July 2026; however, for periods shown prior to December 31, 2025, Adams Street continues to use the previous methodology. This updated methodology more closely aligns with (i) the amount of assets managed on behalf of investors and (ii) the amount of capital available to make direct and/or partnership investments. Amounts stated by investment advisers in regulatory filings (“regulatory AUM”) have a prescribed methodology, which may, in some circumstances, differ from the methodology such adviser uses for other purposes, including marketing efforts. Additional information is available upon request.
1. Evercore Private Capital Advisory, “2025 Secondary Market Highlights,” January 2026

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