Adams Street Partners has closed its sixth co-investment fund at $2.5bn in committed capital, beating its original target in an oversubscribed raise. The Chicago-based firm's Co-Investment Fund VI attracted a global investor base, reflecting sustained institutional appetite for co-investment vehicles despite challenging fundraising conditions.

The successful close brings Adams Street's total co-investment strategy assets to $7.2bn, adding to a broader private markets platform managing more than $65bn. The programme offers diversified exposure alongside established general partners across sectors, geographies, and market cycles.

Dave Brett, Partner and Head of Co-Investments, said investors are prioritizing strategies that offer greater visibility, alignment, and cost efficiency. The results align with findings from Adams Street's Global Investor Survey, which identified enhanced returns, reduced fee drag, and more direct exposure to high-conviction opportunities as key reasons limited partners are increasing co-investment allocations.

Managing Partner Jeffrey Diehl noted the close signals broader confidence in the strategy amid a tougher fundraising backdrop, where access and selectivity have become critical for institutional investors.