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Adams Street Partners

SEC-registered adviser since 2000Chicago, ILCRD 109358

$66.5B
AUM
373
Clients
See fees
Fee
190
Advisory staff

From Form ADV filed 17 June 2026 · data retrieved 15 October 2026SEC record

Adams Street Partners is an investment adviser headquartered in Chicago, Illinois, and registered with the SEC since 2000. Its clients include pooled investment vehicles, other investment advisers and state or municipal government entities.

Its services include portfolio management for pooled vehicles and portfolio management for institutions. Fee arrangements include a percentage of assets under management and performance-based fees. Adams Street Associates, L.P. owns 75% or more of Adams Street Partners.

Clients

Adams Street Partners serves 373 clients. The average client has about $178 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles373 clients92%
  • Other investment advisers7%
  • OtherPension and profit-sharing plans, State or municipal government entities, Insurance companies, Corporations and other businesses2%
Show client breakdown
Pooled investment vehicles
Clients
373
Regulatory AUM
$60,949,829,535
Share
91.7%
Avg. per client
$163.4M
Pension and profit-sharing plans
Clients
Not reported
Regulatory AUM
$18,059,288
Share
0.0%
Avg. per client
—
State or municipal government entities
Clients
Not reported
Regulatory AUM
$850,715,351
Share
1.3%
Avg. per client
—
Other investment advisers
Clients
Not reported
Regulatory AUM
$4,447,690,471
Share
6.7%
Avg. per client
—
Insurance companies
Clients
Not reported
Regulatory AUM
$128,769,180
Share
0.2%
Avg. per client
—
Corporations and other businesses
Clients
Not reported
Regulatory AUM
$96,371,179
Share
0.1%
Avg. per client
—

Total

Clients
373
Regulatory AUM
$66,491,435,004
Share
100%
Avg. per client
$178.3M

What it does

Adams Street Partners provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.

Adams Street Partners advises 327 private funds.

88.3% of assets ($58.69B across 364 accounts) are managed with discretion; $7.80B across 41 accounts are not. 18% of clients are outside the U.S., and 2 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Funds100%

Custodians

Adams Street Partners’ client accounts are held mainly at Hongkong and Shanghai Banking Corporation Limited, with 3% of managed assets, and DZ Privatbank S.A., with 1%. Adams Street Partners has custody of $60.95B for 373 clients.

Managed account assets by custodian
  • Hongkong and Shanghai Banking Corporation LimitedHongkong and Shanghai Banking Corporation Limited · Hong Kong · $1.87B3%
  • DZ Privatbank S.A.DZ Privatbank S.A. · Strassen · $710.3M1%
  • Banque Pictet & Cie SaBanque Pictet & Cie Sa · Geneva · $437.1M1%
  • All other custodians$63.47B95%

Ownership and leadership

Adams Street Associates, L.P. owns 75% or more of Adams Street Partners.

Who owns the firm
Adams Street Partners, LLC· the adviser

  • Adams Street Associates, L.P.

    Control person · since January 2001

    Owns 75% or more of Adams Street Partners, LLC

  • Jeffrey Diehl

    Control person · since July 2015

    Owns 5% to 10% of Adams Street Partners, LLC

Leadership

  • Sara Dasse
    Chief Compliance Officer, Executive Vice President and Partner
  • Eric Mansell
    Chief Legal Officer, Executive Vice President, Secretary and Partner
  • Michael Kurlander
    Chief Financial Officer, Chief Operating Officer and Partner
  • Jeffrey Akers
    Head of Secondary Investments and Partner
  • John Amboian
    Director
  • David Brett
    Co-Head of Co-Investments and Partner
  • Jeffrey Colin
    Director
  • Jeffrey Diehl
    Managing Partner, Head of Investments and Partner
  • Taylor French
    Chairman, Board of Directors
  • Miguel Gonzalo
    Head of Investment Strategy and Risk Management; Partner
  • Louis Holland
    Director
  • Brijesh Jeevarathnam
    Partner and Global Head of Fund Investments
  • Robin Murray
    Head of Growth Equity Investments and Partner
  • Kevin O'Donnell
    Global Head of Business Development and Investor Relations; Partner
  • Alicia Pando
    Chief Technology Officer and Partner
  • William Sacher
    Head of Private Credit and Partner
  • Matthew Scanlan
    Director

Staff

  • 318 employees
  • 190 in advisory functions
  • 21 soliciting firms

Reported holdings

Adams Street Partners’ reported 13F holdings total $442.7M across 4 positions, and the ten largest make up 100.0% of it.

$442.7M
Reported 13F value
4
Positions
100.0%
In the 10 largest
+70.0%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Billiontoone, Inc.. · Class A46.4%
  2. Rimini Street, Inc..22.7%
  3. Cerebras Systems, Inc.. · Common-class A19.9%
  4. Corvus Pharmaceuticals, Inc..11.1%

Together, the ten largest are 100.0% of reported value.

The 4 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $442.7M is not its $66.49B in regulatory assets and does not represent any individual client's portfolio.

Fees

Adams Street Partners is paid through a percentage of assets under management and performance-based fees.

Adams Street Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Adams Street Partners has 8 offices, with 5 listed addresses across 5 states.

Listed office addresses by state

Illinois · 1 listed address

  • One North Wacker Drive, Suite 2700, ChicagoHQ

Registration details

Legal name
Adams Street Partners, LLC
Headquarters
One North Wacker Drive, Suite 2700, Chicago, IL 60606-2823
Phone
312-553-7890
Website
www.adamsstreetpartners.com
SEC file
801-58169
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Adams Street Partners have?

Adams Street Partners has 373 clients and manages $66.5 billion for them, as of June 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 June 2026

What services does Adams Street Partners offer?

Adams Street Partners provides portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Adams Street Partners use?

Adams Street Partners’ separately managed account assets are held at Hongkong and Shanghai Banking Corporation Limited (Hong Kong), with $1,873,750,948, DZ Privatbank S.A. (Strassen), with $710,314,519 and Banque Pictet & Cie Sa (Geneva), with $437,108,716. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 June 2026

How many financial advisors does Adams Street Partners have?

Adams Street Partners has 0 investment adviser representatives registered with state securities authorities, out of 318 employees, and 190 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Adams Street Partners invest in?

At the end of its last fiscal year, Adams Street Partners’ separately managed accounts held 100% pooled vehicles (private funds and similar). It advises 327 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Adams Street Partners?

Adams Street Partners is owned through a holding company by Eric Mansell and Taylor French. Its direct owners are Adams Street Associates, L.P. (75% or more) and Jeffrey Diehl (5% to 10%).

Source: Form ADV Part 1A, Schedules A and B, filed 17 June 2026

How does Adams Street Partners get paid?

Adams Street Partners is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 17 June 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 109358.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Adams Street Partners, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.