The Adams Street Venture & Growth Fund (AVNGR) has secured $363.5m in net assets from anchor investors and will open to the broader market on 1 December 2026, available on all major custodian platforms, marking a significant milestone for the firm’s expansion. The transaction, led by Churchill Asset Management, a Nuveen‑affiliated private capital manager and existing lender to Whitsons, carries roughly $285m in total equity commitments, including capital earmarked for future growth and strategic acquisitions. Whitsons’ existing relationship with Churchill further solidifies a partnership that could facilitate future co‑investments across the portfolio.
This marks the newly rebranded secondaries business’s first lead role in a GP‑led deal since EQT’s takeover of Coller Capital in late August. The new structure, called the VDK Partnership Fund, offers EMK’s current investors the option to sell their stakes or roll them into the updated vehicle, providing flexibility in exiting or continuing exposure. The fund’s launch underscores growing demand for venture‑growth capital and highlights Adams Street’s expanding role in the private‑equity space.
With $363.5m already committed and a clear path to broader market availability, investors are positioning for potential upside in early‑stage and growth‑stage portfolios. Analysts note that the fund’s timing aligns with a favorable market environment for technology and innovation sectors, potentially attracting additional capital from both domestic and international sources.
Source: PE Insights · Summarized by HeadlinesBriefing