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Adams Street founder to retire at year-end – Exclusive

Kathy Wanner has spent 22 years at the firm and is looking at options in healthcare for her next move.

Adams Street Partners co-founder and partner Kathy Wanner is retiring at the end of this year after 22 years at the private equity investment manager.

“I am exploring a range of options for my next move, some of which are focused within healthcare,” Wanner told Private Equity International. “I spent many years covering and investing in private equity healthcare funds.”

Wanner, who serves on the firm’s global primary investment committee and focuses on US portfolio primary investments, manages relationships with fund managers such as Battery Ventures, Cortec, Water Street and Warburg Pincus, according to Adams Street website.

She told PEI that Adams Street is not replacing her when she leaves and has taken her retirement as an opportunity to spread the firm’s coverage across the primary investment committee.

In May the firm hired Saguna Malhotra from Stanford Management to specialise in buyout and venture fund investments and oversee fund manager relationships. Wanner said Malhotra’s hire and the existing team make the firm “well-resourced and well-positioned.”

Prior to joining Adams Street in 1993, Wanner was associate at Frontier Risk Management and analyst at Morgan Stanley, according to her LinkedIn profile.

A spokesperson at Adams Street was not available to comment.

Adams Street is a fund of funds manager with $27.10 billion in assets, according to PEI’s Research & Analytics division.