Finance,
Banking,
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Asset Management,
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Security (finance) The Private Credit team of Adams Street Partners , LLC (“Adams Street”), a private markets investment firm with more than $58 billion in assets under management, today announced the final closing of a $1 billion middle market collateralized loan obligation (“CLO”), ASP Summa.
Key Points:
- The Private Credit team of Adams Street Partners , LLC (“Adams Street”), a private markets investment firm with more than $58 billion in assets under management, today announced the final closing of a $1 billion middle market collateralized loan obligation (“CLO”), ASP Summa.
- The CLO is a first for Adams Street and was structured in partnership with American Equity Investment Life Insurance Company (“American Equity Life”) (NYSE: AEL), a leading issuer of fixed index annuities.
- “Adams Street’s first CLO represents a significant milestone for our private credit business,” said Bill Sacher , Partner & Head of Private Credit at Adams Street.
- Adams Street and American Equity Life entered into a $2 billion joint venture partnership in 2021 to co-develop insurer capital-efficient products in middle market credit.
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Market,
IPO,
Policy,
Environment,
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Cryptocurrency For the fourth consecutive year, respondents believe that private markets’ superior ability to navigate short-term volatility and economic uncertainty make them more resilient than their public market counterparts.
Key Points:
- For the fourth consecutive year, respondents believe that private markets’ superior ability to navigate short-term volatility and economic uncertainty make them more resilient than their public market counterparts.
- Specifically, nearly 90% of respondents anticipate that private markets will continue to outperform their public market equivalents, with two-thirds of respondents expecting to increase their private market deployments in 2024.
- While 39% of respondents view rising interest rates and inflation as the biggest challenges in private markets, that is significantly below the 55% level in last year’s survey.
- The report, “Navigating Private Markets in 2024: Opportunity Knocks as Change Accelerates,” surveyed 100 institutional investors in the US, Europe, and APAC.
Retrieved on:
Tuesday, November 28, 2023
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Environment,
Investment,
Citadel Adams Street Partners , LLC, a private markets investment firm with more than $58 billion in assets under management (“Adams Street”), today announced that Michael Kurlander has been named Partner and Chief Financial Officer.
Key Points:
- Adams Street Partners , LLC, a private markets investment firm with more than $58 billion in assets under management (“Adams Street”), today announced that Michael Kurlander has been named Partner and Chief Financial Officer.
- Effective January 3, 2024, Kurlander will sit on the firm’s Executive Committee and report to Jeff Diehl , Managing Partner and Head of Investments.
- View the full release here: https://www.businesswire.com/news/home/20231128701375/en/
“Michael’s experience at both private and public companies will be enormously valuable as Adams Street’s business and products scale,” said Diehl.
- Mike then served as Chief Financial Officer and Chief Operating Officer of Global Operations.
Retrieved on:
Wednesday, November 8, 2023
Banking,
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Finance,
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Financial services,
Investment Adams Street Partners , LLC, a private markets investment firm with more than $58 billion in assets under management, has held the final closing of the Adams Street 2023 Global Fund Program with $820 million in committed capital.
Key Points:
- Adams Street Partners , LLC, a private markets investment firm with more than $58 billion in assets under management, has held the final closing of the Adams Street 2023 Global Fund Program with $820 million in committed capital.
- The Global Fund Program is a private markets portfolio designed to provide comprehensive exposure by spanning all of Adams Street’s investment strategies, including primaries, secondaries, co-investments, growth equity, and private credit, across North America, Europe, and Asia.
- The 2023 Global Fund saw strong representation from both new and returning investors.
- The Global Fund Program aims to outperform public equity markets by 3-5% through a highly diversified global portfolio that incorporates some of the top-performing ideas across each of Adams Street’s strategies.
Adams Street Partners , LLC, a leading private markets investment management firm with more than $54 billion of assets under management globally, announced today it has secured more than $3.2 billion in capital commitments for its Secondaries Investment Program,* including the successful close of Global Secondary Fund 7.
Key Points:
- Adams Street Partners , LLC, a leading private markets investment management firm with more than $54 billion of assets under management globally, announced today it has secured more than $3.2 billion in capital commitments for its Secondaries Investment Program,* including the successful close of Global Secondary Fund 7.
- The latest Secondaries Investment Program is 50% larger than the firm’s previous fundraise, which included the close of Global Secondary Fund 6.
- **
Adams Street’s Secondaries Investment Program enjoyed strong demand from new and existing institutional investors globally.
- “Demand for our Global Secondaries Investment Program demonstrates the trust that investors have in Adams Street’s secondaries investment strategy,” said Jeff Akers, Partner and Head of Secondary Investments .
Professional Services,
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Research Adams Street Partners , LLC, a private markets investment management firm with more than $52 billion of assets under management, announced today it has opened an office in Sydney, Australia.
Key Points:
- Adams Street Partners , LLC, a private markets investment management firm with more than $52 billion of assets under management, announced today it has opened an office in Sydney, Australia.
- The office, located in Quay Quarter Tower, will be managed by Shaun Thomas, newly appointed Principal, Investor Relations, who joined Adams Street in November.
- Sydney is Adams Street’s first location in Australia and fifth in the Asia Pacific region, joining Tokyo, Singapore, Seoul, and Beijing.
- “Institutional investors in Australia are increasingly focused on allocating to private markets,” said Ben Hart, Partner & Head of Investor Relations (Asia) at Adams Street.
Retrieved on:
Tuesday, November 29, 2022
Banking,
Asset Management,
Professional Services,
Finance,
Adams Street and Boerum Place Line,
Investment strategy,
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Sale,
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Security (finance),
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Investment Adams Street Partners, LLC, a private markets investment firm with more than $52 billion in assets under management, has held the final closing of the Adams Street 2022 Global Fund Program with approximately $1.1 billion in committed capital.
Key Points:
- Adams Street Partners, LLC, a private markets investment firm with more than $52 billion in assets under management, has held the final closing of the Adams Street 2022 Global Fund Program with approximately $1.1 billion in committed capital.
- This years Global Fund Program saw strong demand despite market volatility, closing with commitments 20% higher than initial internal targets.
- The Global Fund Program represents a one-stop solution for Adams Streets investment strategies and prior Global Fund Programs have, over the long term, delivered alpha above the public equity markets.
- The Global Fund Program is constructed with cost-effective private equity portfolios of high-growth and low-leverage investments across the Adams Street platform globally.
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Investment Adams Streets Co-Investment Fund V (Fund V) program saw high demand globally, exceeding original targets and showing a strong representation from existing and new investors.
Key Points:
- Adams Streets Co-Investment Fund V (Fund V) program saw high demand globally, exceeding original targets and showing a strong representation from existing and new investors.
- The successful close of Fund V raises total Co-Investment strategy assets to $4.2 billion.
- Adams Street Partners is a global private markets investment manager with investments in more than 30 countries across five continents.
- Adams Street has offices in Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, and Tokyo.
