Adams Street Partners, LLC
Adams Street Partners is one of the industry's most respected and experienced global private markets investment managers.
In the firm's own words, from its website.
73 additional team members, 4 additional investments, funds and LPs, 34 events, 2 verified contacts (1 published business email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 3 departurespeople, 12 months
A team member departed (seen on or before 30 Sep 2026, the day it happened is not on record). 3 departures on record in 12 months.
A partner leaving or arriving changes who decides, and who a founder or LP should call.
InferenceVenture organization websites (about, team, portfolio, thesis, news pages)For Founders, LPs, recruitersTeam → - 2 dealswith Global Catalyst Partners
Invests most often alongside Global Catalyst Partners (2 shared deals).
pair last observed on record 1 Mar 2011, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Managing Partner, Head Of Investments And PartnerWhy: Managing partner: runs the firmNo route on file yet
- Head Of Investment Strategy And Risk Management; PartnerWhy: Heads an investment areaNo route on file yet
- Head Of Growth Equity Investments And PartnerWhy: Partner: part of the investment decisionNo route on file yet
Relationship network
74 connected entities4 observed rounds2 repeat counterpartiesrounds 2009 to 2011
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Adams Street Partners, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Adams Street Partners, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
3 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Actelis Networks Inc | Form D equity offering | unknown · board | Robin Murray (strongly supported) | $4.5M form d sold | unknown | Mar 1, 2011 | Inference Form D |
| Rimini Street, Inc. | Form D equity offering | unknown · board | Robin Murray (strongly supported) | $10.0M form d sold | unknown | Jun 30, 2009 | Inference Form D |
| Peerless Network Inc. | Form D equity offering | unknown · board | Jeffrey Thomas Diehl (strongly supported) | $10.1M form d sold | unknown | May 12, 2009 | Inference Form D |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, fintech, healthcare
- Stages
- growth, multi stage
- Geography
- asia, europe, global, globally, uk
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
66 current, 15 departed
Decision makers
- Jeffrey Thomas Diehl · Managing Partner, Head Of Investments And PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Miguel Gonzalo · Head Of Investment Strategy And Risk Management; PartnerWhy this person: Heads an investment area; Named with investment responsibility
- Robin Murray · Head Of Growth Equity Investments And PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Partner, Head Of Investments And Partner · 1 deal attributed
- Head Of Investment Strategy And Risk Management; Partner
- Head Of Growth Equity Investments And Partner · 3 deals attributed
15 departed (kept with end dates)
- Elisha Perkins Gould III · Vice President And Partner · Jan 1, 2001 to Aug 28, 2020 Inference
- Hanneke (nmi) Smits · Chief Investment Officer And Partner · Aug 1, 2008 to Jan 7, 2015 Inference
- James Francis Walker · Member Of Adams Street Associates, Llc · Apr 1, 2023 to Jun 17, 2026 Fact
Contacts
1 published business email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
4 vehicles, 2 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Adams Street Global Secondary Fund 7 | Fund | 2021 lp reported | Mature | unknown | unknown | unknown | unknown |
| Adams Street Pep Secondary Fund 2017 LP | Fund | 2017 name year | Harvest | $2.7M Jun 17, 2026 | 2 | unknown | unknown |
| Adams Street Global Secondary Fund 6 | Fund | 2017 lp reported | Harvest | unknown | unknown | unknown | unknown |
Limited partners
- 2 commitments to 1 fund · $365M disclosed
- 1 commitment · amounts undisclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Minnesota State Board of Investment | PUBLIC INSTITUTIONAL POOL | Adams Street Global Secondary Fund 7 | $265M committed | reported as of Jun 30, 2026 | Fact Pension disclosure |
| Minnesota State Board of Investment | PUBLIC INSTITUTIONAL POOL | Adams Street Global Secondary Fund 5 LP | $100M committed | reported as of Jun 30, 2026 | Fact Pension disclosure |
| Minnesota State Board of Investment | PUBLIC INSTITUTIONAL POOL | Adams Street Global Secondary Fund 6 | $100M committed | reported as of Jun 30, 2026 | Fact Pension disclosure |
Relationships across DFX
1 co-investors · on 5 other DFX graphs
Co-investors
- 2011-03-012 shared deals · recurring
Across DFX and the capital chainon 5 other DFX graphs · 11 capital paths ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Private Equity, RIA and Wealth, Independent Sponsors, Private Credit, Allocators, matched by identifier. See which records
Adams Street Partners, LLC is the same institution as 5 records in Private Equity, RIA and Wealth, Independent Sponsors, Private Credit and Allocators.
DFX found 5 relationships across 5 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Adams Street Partners, LLC sits on 11 traced paths of capital across the graphs.
DFX traced 11 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
39 dated events, 110 observations from 3 sources
Timeline
- seen on or beforeSep 30, 2026Tom Baker (Senior Associate, Private Equity Investment Accounting Chicago) no longer on the team page of Adams Street Partners, LLC
- Jun 30, 2026MSBI reports Adams Street Global Secondary Fund 7: $265,355,000 committed, vintage 2021, net IRR 17.6%, 1.48x
- Jun 30, 2026MSBI reports Adams Street Global Secondary Fund 6: $100,000,000 committed, vintage 2017, net IRR 14.7%, 1.57x
- Jun 30, 2026MSBI reports Adams Street Global Secondary Fund 5 LP: $100,000,000 committed, vintage 2012, net IRR 5.4%, 1.33x
- Jun 17, 2026James Francis Walker (Member Of Adams Street Associates, Llc) no longer on Schedule A of Adams Street Partners, LLC
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jun 17, 2026 · 327 private fundsShowHide
- Headquarters
- Chicago, ILadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- ADAMSSTREETPARTNERS.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jun 17, 2026
- Private funds reported
- 327 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $61Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $66Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 318
- Owners on Schedule A
- Adams Street Associates, L.P. (Member Of Adams Street Partners, Llc), owns 75% or more; Adams Street Associates, L.P. (General Partner Of Adams Street Associates L.P.)
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 0% of 327 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 0% of 303 private funds
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Jun 17, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Jun 17, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Jun 17, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Jun 7, 2024 | Fact | Form ADV |
| First Form ADV filing | 2011-11-17 | Jun 17, 2026 | Fact | Form ADV |
| First Form ADV filing | 2011-11-17 | Jun 7, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-06-17 | Jun 17, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-06-17 | Jun 17, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-06-07 | Jun 7, 2024 | Fact | Form ADV |
| SEC status | Approved | Jun 17, 2026 | Fact | Form ADV |
| SEC status effective | 2000-11-30 | Jun 17, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Jun 17, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Jun 7, 2024 | Fact | Form ADV |
| Business phone | Jun 17, 2026 | Fact | Form ADV | |
| Business phone | Jun 7, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Employees | 318 | Jun 17, 2026 | Fact | Form ADV |
| Employees | 295 | Jun 7, 2024 | Fact | Form ADV |
| Headquarters | Chicago, IL | Jun 17, 2026 | Fact | Form ADV |
| Headquarters | Chicago, IL | Jun 7, 2024 | Fact | Form ADV |
| Office address | Jun 17, 2026 | Fact | Form ADV | |
| Office address | Jun 7, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 12, 2026 | Fact | |
| Legal form | Limited Liability Company | Jun 17, 2026 | Fact | Form ADV |
| PE funds reported | 326 | Jun 17, 2026 | Fact | Form ADV |
| Private funds reported | 327 | Jun 17, 2026 | Fact | Form ADV |
| Private funds reported | 327 | Jun 17, 2026 | Fact | Form ADV |
| Private funds reported | 303 | Jun 7, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $61B | Jun 17, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $61B | Jun 17, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $50B | Jun 7, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $66B | Jun 17, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $56B | Jun 7, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Jun 17, 2026 | Fact | Form ADV |
| Stated geography | Asia, europe, global, globally, UK “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Asia, europe, global, globally, UK “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Asia, europe, global, globally, UK “geography words on the home page” | Sep 12, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, healthcare “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, healthcare “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, healthcare, climate “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | Growth, multi stage “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Growth, multi stage “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Growth, multi stage “stage words on the home page” | Sep 12, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 1 | Jun 17, 2026 | Fact | Form ADV |
| Venture funds reported | 1 | Jun 17, 2026 | Fact | Form ADV |
| Venture funds reported | 1 | Jun 7, 2024 | Fact | Form ADV |
| Website | Jun 17, 2026 | Fact | Form ADV | |
| Website | Jun 7, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probableShowHide
Registered adviser; venture funds are 0% of 327 private funds
- importance
- gav: 0 · funds: 0.08 · people: 1 · investments: 0.22 · scale basis: Venture-typed funds only (Private equity with venture activity): 1 fund, $3M of $3M reported · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
- emerging manager
- fund count: 4 · reported gav: $2.7M · first adv filing: 2011-11-17 · years since first filing: 14.9
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- LP commitment disclosed2026-06-30source on record
- LP commitment disclosed2026-06-30source on record
- LP commitment disclosed2026-06-30source on record
+2 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.