Adams Street Partners

Adams Street Partners is a fund manager based in Chicago, Illinois, running private credit, private equity and venture funds. The firm is a registered investment adviser, meaning it is licensed to manage money for others. It reported $63.4B in regulatory assets and 318 staff as of August 2026.

The firm has 33 funds on file, which together have raised $6.5B. Its private credit funds began with Adams Street Private Credit Fund-A LP at $373.5M, followed by Fund II-A LP, which raised $347.5M and was reported in March 2022, then two Fund III-B vehicles that each raised $1.5B, reported in April 2026. Alongside these sit 27 other smaller vehicles.

The newest main funds are Adams Street Private Credit Fund III-A LP, which raised $326.9M, and ASP (Feeder) Private Credit Fund III-B LP, which raised $190.8M, both reported in November 2025. Pension investors include Minnesota Police and Fire, which committed $265.4M to Global Secondary Fund 7 in 2021, and Texas Municipal, which committed $250M to Fund III-A LP in 2023. Iowa Municipal Fire and Police committed $265M to the Cyclone Fund in 2020.