Adams Street Partners Guiding Principles

Philosophy + People + Process = Performance
Performance = Investment Results + Client Service
Maximum Performance = Maximum Business Results

• Teamwork, collegial interaction and collaborative activity form a common bond for achievement.
• Quality in everything we do preempts quantity.
• We pursue excellence in everything we do.
• There are no higher ethical values than truth, honesty and professionalism.
• Commitment, dedication and hard work are our instruments of success.
• Execution supersedes intention.
• Enjoying ourselves and maintaining a pleasant working environment are important elements of our success.
• Individual rewards are tied to the performance of the individual and the success of the Company.
• We will always benefit from critical review and a goal of constant improvement.