Private equity (PE) investments have become an increasingly important allocation in institutional portfolios. However, investing in private equity requires considering several factors not relevant to investments in public equity.
The mega-fundraises of 2017 will continue to grow into next year, and as dry powder grows, fund managers will need to up their investment pace, predicts Jeff Diehl, Managing Partner and Head of Investments at Adams Street Partners.
An increasing number of distressed investors are likely to sell PE fund stakes in the coming years as liquidity concerns re-emerge, according to Jeff Akers, head of secondary investments at Chicago-based Adams Street.
Adams Street has established an office in Seoul, South Korea.
Adams Street Partners announced that James Walker is joining the firm as a Partner and Chief Operating Officer. Mr. Walker will report to Jeff Diehl, Managing Partner and Head of Investments, will join the Executive Committee of the firm, and will chair the firm’s Operating Committee.
Adams Street Partners announced the appointment of Alex Kessel as a Principal on the Co-Investment Team. He joins a growing, dedicated global team lead by David Brett, Partner and Head of Co-Investment at Adams Street Partners. Mr. Kessel will be actively involved in the sourcing, screening, execution, monitoring and exiting of growth and later-stage co-investments.
As private equity shops continue to broaden their businesses, many are making a credit play. But what does it take to turn an idea into a success?
Adams Street Partners announced the continued expansion of its Private Credit team with the addition of Justin Lawrence as a Principal. Mr. Lawrence joins a growing team led by Bill Sacher and Shahab Rashid, former Oaktree Capital executives.
Alicia Pando has joined the firm as a Partner and Chief Technology Officer where she will be responsible for leading the firm’s software development and IT infrastructure functions.
Adams Street Partners has raised $475 million across their venture/growth equity fund programs.
Adams Street Partners has established a new Munich office led by veteran industry professional Martin vom Hagen. Mr. vom Hagen joins the firm as a Partner and will focus on the development of institutional client and consultant relationships within Germany, Austria, and Switzerland as the firm expands its efforts in the region.
Adams Street Partners’ fund of fund business was particularly active on the investing side in 2016, making 25 fund commitments totalling $737 million across the venture capital and buyout sectors.
Adams Street Partners has announced that Fred Wang will join the firm as a Partner and member of its ASP Capital investment team, based in Menlo Park, California, effective April 1. Mr. Wang joins Adams Street from Trinity Ventures, where he served as General Partner and a managing partner responsible for investments, key aspects of firm leadership and management, fund-raising, and Limited Partner relationships.
Secondary Team Partner Joe Goldrick will participate in a Speaker Panel . This annual conference features industry-leading speakers, educational panels and robust networking opportunities designed to increase access and career development for more than 400 professionals from backgrounds traditionally underrepresented in alternative investments.
Jeff Diehl comments on expectations for 2017. The private equity community is cautiously optimistic for 2017, acknowledging that the environment for investing and fundraising will be mostly similar to 2016.
A new round of products bundling multiple private equity funds into single vehicles is rolling into the independent advisor market, as managers and platforms alike continue searching for ways to make the asset class more accessible to individual investors.
Global private equity manager Adams Street Partners has appointed Nuveen non-executive chairman John Amboian to its board of directors.
The Chicago-headquartered firm, which launched its debut private credit fund early this year, has got Seoul, Kuala Lumpur, and Beijing on its investment radar.
The firm has created a new leadership role in business development and investor relations to be filled by Kevin O’Donnell on 29 August.
As venture capital enters a new cycle, co-head of global venture fund investment for Adams Street Partners Brijesh Jeevarathnam tells Marine Cole how having access to the best funds is more important than ever.
Cyber security company LogRhythm has raised $50 million from private investors after postponing plans for an initial public offering late last year, the company said on Tuesday, the latest sign of how austere the IPO market has become for some technology start-ups.
If a GP could hand pick their perfect investor team, it might look a little something like this.
Adams Street Partners' David Welsh talks about what it takes to be a good investor and a good CEO in the latest tech boom.
Private market investments, like other alternative allocations, have helped asset owners diversify their exposures and boost overall returns, a welcome combination given the volatility of the global markets and unprecedented low interest rates.
Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of secure, cloud-based virtual banking solutions, announced today that Founder and Chairman of the Board Hank Seale and CEO Matt Flake won the EY Entrepreneur Of The Year® 2016 Central Texas Award. It is Flake and Seale’s second consecutive nomination and first win.
Ventura County (Calif.) Employees’ Retirement Association committed $135 million total to three private equity funds, as recommended by investment consultant NEPC, confirmed Daniel Gallagher, chief investment officer.
The financial industry has a notorious gender gap with a dismal amount of female participation. Women manage less than 2% of mutual fund assets, according to a recent Morningstar report. Nearly two-thirds of the top 71 Silicon Valley venture capital funds have no senior female investment professionals, says another report.
The Chicago-based firm has hired Brijesh Jeevarathnam as partner and co-head of global venture fund investments.
Brijesh Jeevarathnam will join alternative investments firm Adams Street Partners on June 1 as a partner and co-head of global venture fund investments, said Shree Dhond, spokesman.
Adams Street Partners announced today that Brijesh Jeevarathnam will join the firm on June 1 as a Partner and Co-Head of Global Venture Fund Investments, and member of its Primary Investment Team.
Carlyle adds operating executive; Guggenheim expands restructuring group; Victory Park hires Upacala Mapatuna as chief investment officer
North Dakota State Investment Board, Bismarck, committed $30 million to Adams Street 2016 Global Fund, said David Hunter, executive director and chief investment officer of the North Dakota Retirement and Investment Office, in an e-mail.
The fund of funds market has been evolving to meet LP demands – so much so that some managers balk at being labelled as such given their growing capabilities and business lines.
The private equity manager is making its debut in private debt by hiring Bill Sacher and Shahab Rashid, who formerly held senior roles in Oaktree’s mezzanine group, and by opening a New York office.
What if venture capitalists looked less like Oscar voters and more like the rest of Chicago? The vast majority — 87 percent — of venture capitalists are Caucasian, according to a 2011 survey from the National Venture Capital Association, and 89 percent are male. Only 4 percent identify as African-American or Latino nationally, and there are very few in Illinois. The widely mocked Oscar voter lineup is 94 percent white and 77 percent male.
Adams Street Partners announced today the appointment of industry veterans Bill Sacher and Shahab Rashid to establish and build a Private Credit platform. Mr. Sacher and Mr. Rashid will lead the firm’s credit capabilities from its new Manhattan office.
Adams Street Partners has appointed Ben Hart, formerly of Capital Dynamics, as partner and head of business development for Asia.
Ben Hart was named partner and head of business development in Asia at Adams Street Partners, said Shree Dhond, spokesman, in an e-mail.
Adams Street Partners today announced the appointment of Ben Hart as Partner and Head of Business Development in Asia, effective January 19th. In his new role Ben will lead business development efforts from the Singapore office, working to further develop the firm’s presence in Asia. Adams Street Partners’ investments in Asia are managed from offices in Singapore, Beijing and Tokyo.
The past 12 months have been a good time to raise a fund in Europe: investors have been flush with cash returned to them by fund managers.
Healthfinch, which builds automation applications for health care systems and was co-founded by a Chicago-based physician, has raised a $7.5 million Series A funding round.
Adams Street Partners has announced that seven senior investment professionals were promoted to the level of Partner, effective January 1, 2016.
One of the world’s largest private equity firm, Adams Street Partners has appointed Yar-Ping Soo to lead the firm’s Asian investment team. Soo will succeed Piau-Voon Wang (PV Wang), who will ascend into a senior advisor role in the firm.
Adams Street’s Asia chief believes the time is ripe for him to take a new role
Adams Street Partners has announced that Yar-Ping Soo, a Partner in the firm since 2010, will assume the additional responsibility of leading the firm’s Asian investment team. In her new leadership role, she will succeed Piau-Voon (“PV”) Wang, who will become Senior Advisor to the firm.
Ross Morrison, a member of Adams Street Partners’ Primary Investments Team, recently participated in a panel discussion as part of the third annual Duane Morris LP Institute conference, “Inside the Mind of the Limited Partner.” Duane Morris, a law firm with more than 700 attorneys in offices across the U.S., UK and Asia, hosts the event with the objective of accumulating and sharing intelligence on the industry as well as disseminating leading trends and perspectives direct from market participants. Duane Morris’ Summer 2015 issue of their Connections publication is a summary of the simultaneous trans-Atlantic (London and New York) panel that Ross participated in on behalf of Adams Street. Ross Morrison and Adams Street are prominently featured throughout the issue.
Northwestern University has hired an Executive Director for the “Garage,” a new startup incubator, which opened in June on Northwestern’s Evanston campus. Adams Street Partners Executive Chairman Bon French is a member of the committee that conceived the idea for the Garage, and a backer of the new entrepreneurial space.
We are pleased to report that Adams Street was one of 45 venture capital firms that announced their commitment to advancing opportunity for women and underrepresented minorities in venture capital and the entrepreneurial ecosystem earlier this week in a letter to President Obama as part of the first-ever White House Demo Day. The White House Demo Day brought together diverse entrepreneurs and other key stakeholders from across the ecosystem to convene and showcase the innovation economy.
Sergey Sheshuryak, a Partner on Adams Street Partners' Primary Investments Team, is featured in an LP Profile in AltAssets Private Equity Newsletter.
Adams Street Partners announced that Saguna Malhotra, Managing Director, Private Equity, for Stanford Management Company (SMC), will join the firm in its Menlo Park office as a partner and member of its Primary Investment Team.
Adams Street Partners announced today that Saguna Malhotra, Managing Director, Private Equity, for Stanford Management Company (SMC), will join the firm in its Menlo Park office as a partner and member of its Primary Investment Team.
GrowthCap, an advisory firm which focuses exclusively on established private companies seeking to raise equity or debt capital, has released its second annual Top 25 Growth Equity Firms ranking. The list highlights the top private capital investors focused on the growth equity segment and was based on a combination of fund performance, consistency of returns, capital raised, investment strategy and partner experience. Returns data were collected through direct confirmation from funds as well as third-party independent research and focused on funds raised within the last 10 years.
Jeff Burgis, a Partner and member of Adams Street Partners’ Primary Investments Team, will be the featured keynote speaker at the 8th Annual Buyouts Chicago Conference on Tuesday, June 23rd at the Palmer House Hilton.
Ross Morrison from Adams Street Partners Primary Investments Team was quoted in Private Equity News in an article about private equity in the North of England, in an article titled, “ Buyout Investors Flock to U.K.’s ‘Northern Powerhouse.’”
Congratulations to Ross Morrison, a member of Adams Street Partners Primary Investments Team, who has been named to Private Equity News’ list of “40 Under 40 Rising Stars in Private Equity. ” The list celebrates some of the most talented men and woman in the European private equity industry, tipped to be the leaders of tomorrow. The unranked list was compiled by the Private Equity editorial team on the candidates’ achievements to date, from a longlist of more than 100 potential rising stars.
Arnaud de Cremiers, a Partner on our Primary Investments Team, recently participated in a private equity investment roundtable on Sub-Saharan Africa, which is featured in the latest issue of The Triago Quarterly newsletter. Founded in 1992 as one of the first private equity fund placement agents, Triago provides private equity fundraising services, secondary transaction advisory and strategic solutions for general partners and limited partners.
This morning’s Venture Capital Dispatch in The Wall Street Journal online features an article about Smule, an Adams Street Venture/Growth portfolio company which develops music-making apps that connect people. David Welsh, a Partner on our Venture/Growth Investment Team, is quoted throughout in the article, which can be accessed via the "Learn More" link.
In this issue, members of our Investment Teams review activity from 2014 and evaluate the current opportunities in their markets.
Adams Street Partners has announced its leadership succession plans. Effective July 1, 2015, Jeff Diehl, Head of Investments, will take on the additional title of Managing Partner, while Bon French’s title will change from Chief Executive Officer to Chairman.
Jeff Diehl, a Partner on the Direct Venture Capital/Growth Equity Team has been promoted to the role of Head of Investments. As Head of Investments, Jeff will be responsible for all elements of Adams Street Partners’ investment process including the teams and strategies, and will have ultimate responsibility for the investment performance generated by the firm
Kelly Meldrum will be promoted to the Head of Adams Street Partner’s Primary Investment Team, and will assume Hanneke Smits’ responsibilities as Hanneke transitions out of her role as Head of the Primary Team.
The Principles for Responsible Investment (PRI) today launched a new guide to assist with the integration of environmental, social and governance (ESG) factors within private equity: Integrating ESG in private equity – a guide for general partners.
Adams Street Partners announced that three of its portfolio companies launched IPOs in successive days last week. The three companies represent investments made by Adams Street Partners’ direct venture capital and growth equity team.