Adams Street raises $475m for growth equity, direct investment

The investment firm is focusing on technology and healthcare businesses with its latest fundraise.

Adams Street Partners has raised $475 million for growth equity and direct venture and investments.

The Chicago-headquartered firm will invest in high growth technology and healthcare companies using capital from several commingled programmes that are being invested simultaneously, according to a statement.

A spokesman for the firm did not disclose the names of the commingled programmes.

Average investment size ranges from $5 million to $30 million across the software, mobile, cloud, security, fintech, healthcare IT, medical device and biopharma sectors in companies in the US, Europe and Israel.

The announcement follows the firm’s $201.8 million raise for its secondaries programme, Adams Street Global Secondary Fund 6, according to a US Securities and Exchange Commission filing from June.

Adams Street also recently opened an office in Munich, its second in Europe, appointing Martin vom Hagen to lead the bureau. He joined from investment management and research firm AllianceBernstein.

The firm has $30 billion in assets under management across primary and secondaries private equity fund investments, co-investments, private credit and direct venture and growth strategies.