Adams Street Partners, LLC (ASP) is a prominent American private equity firm headquartered in Chicago. Founded in 1972 as the growth equity division of First National Bank of Chicago, it evolved over the years through various transformations, including a management buyout in 1989 and subsequent acquisitions and spin-offs[1]. Today, Adams Street Partners is recognized as a leading global private markets investment manager with a diverse range of strategies. ### Key Facts About Adams Street Partners - Assets Under Management: As of recent reports, Adams Street Partners manages approximately $61 billion in assets for over 640 institutional investors, including corporate and public pensions, foundations, family offices, and endowments[5]. - Employee Ownership: The firm is 100% employee-owned, which aligns the interests of employees with those of clients[3][5]. - Investment Strategies: Adams Street focuses on various private markets strategies, including primaries, secondaries, co-investments, growth equity, and private credit[4]. They invest in sectors such as software, mobile, healthcare, security, and financial technology[3]. - Global Presence: The firm operates with 12 offices worldwide, including locations in Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, and Tokyo[5]. - Recent Activities: Adams Street has been involved in significant investment activities, such as co-leading the closing of a continuation fund for GenOx Transportation Inc. alongside other major investors[2]. Additionally, they successfully closed their 2024 Global Fund Program with $1.1 billion in commitments[4]. ### Recent News Highlights - Continuation Fund for GenOx Transportation: Adams Street Partners, along with Barings and Kline Hill Partners, co-led the completion of a single asset continuation fund to support GenOx Transportation Inc., a leading industrial gas transportation company[2]. - 2024 Global Fund Program: The firm closed its 2024 Global Fund Program with $1.1 billion in committed capital, targeting small- to mid-growth private companies across North America, Europe, and Asia[4].