Adams Street picks up Charterhouse stakes

The stakes were acquired from William March Rice University amid an uptick in US foundation and endowment disposals.

Adams Street Partners has acquired a stake in a European buyout fund from William Marsh Rice University amid a rise in disposals from endowments and foundations, Secondaries Investor reports.

The global investment firm has bought the university’s interest in Charterhouse Capital Partners IX (CCP IX), according to a UK regulatory filing.

CCP IX, managed by London buyout firm Charterhouse Capital Partners, closed on its €4 billion target in March 2009 after about three months of fundraising, according to PEI’s Research & Analytics.

CCP IX focuses on buyouts in western Europe and made a 3x money return when it made its seventh exit from the fund by selling European insulation manufacturer Armacell to Blackstone and KIRKBI last November.

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