Key Takeaways
- • Adams Street Partners launched the Adams Street Venture & Growth Fund (AVNGR) with $363.5 million in anchor-funded net assets as of July 31, 2026, according to the firm's announcement on October 13.
- • AVNGR is a closed-end, perpetual-term fund registered under the Investment Company Act of 1940, restricted to qualified clients, and investing primarily in venture secondaries and growth co-investments globally.
- • The fund offers monthly subscriptions with capital funded upfront rather than through capital calls, and its adviser expects quarterly repurchases of up to 2.5% of outstanding shares at NAV, subject to board approval.
- • Broad availability begins December 1, 2026, on all major custodian platforms; anchor investors have not been named.
- • Adams Street reported more than $76 billion in assets under management as of June 30, 2026, operating 15 offices globally.
Summary
Adams Street Partners announced on October 13, 2026, the launch of the Adams Street Venture & Growth Fund, or AVNGR, with $363.5 million in anchor-funded net assets as of July 31. The firm said the fund will be broadly available beginning December 1, 2026, on all major custodian platforms. The anchor investors were not named.
AVNGR is a closed-end, perpetual-term vehicle that primarily invests in secondaries and venture growth co-investments globally. Subscriptions are offered monthly, with capital funded upfront rather than drawn through capital calls, leveraging Adams Street's primary fund, secondaries and co-investment platform. The fund is registered under the Investment Company Act of 1940 and restricted to qualified clients.
Liquidity is limited. The adviser expects to recommend quarterly repurchases of up to 2.5% of outstanding shares at NAV, subject to board approval. Oversubscribed repurchase offers may be prorated, and investors cannot redeem shares on demand.
Adams Street reported more than $76 billion in assets under management as of June 30, 2026. The employee-owned firm operates 15 offices globally and has more than five decades of venture investing experience. The launch extends the firm's evergreen product lineup, which the publisher materials describe as offering access to its venture and growth strategies.
AVNGR is a closed-end, perpetual-term vehicle that primarily invests in secondaries and venture growth co-investments globally. Subscriptions are offered monthly, with capital funded upfront rather than drawn through capital calls, leveraging Adams Street's primary fund, secondaries and co-investment platform. The fund is registered under the Investment Company Act of 1940 and restricted to qualified clients.
Liquidity is limited. The adviser expects to recommend quarterly repurchases of up to 2.5% of outstanding shares at NAV, subject to board approval. Oversubscribed repurchase offers may be prorated, and investors cannot redeem shares on demand.
Adams Street reported more than $76 billion in assets under management as of June 30, 2026. The employee-owned firm operates 15 offices globally and has more than five decades of venture investing experience. The launch extends the firm's evergreen product lineup, which the publisher materials describe as offering access to its venture and growth strategies.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.