Adams Street Partners has secured over $5bn for its latest secondaries programme. The Chicago‑based firm’s flagship Adams Street Global Secondary Fund 8 has closed on $2.7bn, more than double the size of its predecessor. Fund 8 targets a 50/50 split between LP‑led and GP‑led deals, reflecting the firm’s balanced approach to sourcing value. The raise positions Adams Street to expand its market presence in both regions while maintaining its focus on high‑quality secondary investments.

The latest programme comprises Fund 8 alongside separately managed accounts and commingled vehicles, which will be deployed in tandem with the flagship fund. This multi‑vehicle structure allows Adams Street to allocate capital flexibly across a broad pipeline of secondaries transactions, targeting opportunities in North America and Europe. The firm’s emphasis on a 50/50 split between LP‑led and GP‑led deployments reflects its commitment to balancing risk and return for limited partners.

By doubling the size of its predecessor, Adams Street Partners signals strong investor demand for secondary solutions in a volatile market environment. The $2.7bn closure demonstrates the firm’s ability to raise sizable commitments despite heightened competition among secondaries managers. This capital influx is expected to enhance the firm’s track record and provide additional firepower for future deals.