Adams Street Partners Closes Global Secondary Fund 5

CHICAGO, May 7, 2013 /PRNewswire/ -- Adams Street Partners, one of the world's largest managers of private equity for institutional investors, announced today the closing of its Adams Street Global Secondary Fund 5.  The offering was oversubscribed, surpassing the $750 million target and hitting the firm's hard cap of $1 billion. In combination with other managed accounts, Adams Street's secondary program has approximately $2 billion in new capital to invest.

Adams Street Partners has a diversified mix of limited partners, including sovereign wealth funds, public and private pension funds, insurance companies, endowments, foundations and high net-worth individuals. Strategically, Adams Street seeks to leverage its global integrated platform to selectively target high quality assets and opportunities with long-term growth characteristics. With over 25 years of experience in the secondary marketplace, Adams Street Partners is relied upon by sellers as a discreet and efficient buyer and by General Partners as a desirable substitute Limited Partner.  The team seeks to invest between $5 million and $500 million in fund interests, direct secondary transactions and General Partner restructurings.

Adams Street Partners is an independent, employee-owned private equity firm that manages over $25 billion of committed capital for institutional investors. The firm has offices in Chicago, Menlo Park, London, Beijing and Singapore.  Adams Street was a pioneer in the development of the private equity secondary market, closing its first secondary transaction in 1986. The dedicated secondary investment team of professionals in London, Singapore and Chicago executes a selective, global investment strategy following a theme-based approach that leads to targeting specific funds. Adams Street Partners is widely recognized as the oldest fund of funds manager in the industry, establishing its first such fund for institutional investors in 1979. For more information, please visit www.adamsstreetpartners.com.

SOURCE Adams Street Partners