Adams Street Partners has raised more than $5bn to pursue private equity secondary investments, surpassing its fundraising target as investor appetite for the fast-growing asset class continues to strengthen, according to a report by the Wall Street Journal.
The Chicago-based private markets manager closed its eighth Global Secondaries Fund on $2.7bn and secured a further $2.3bn through related separately managed accounts, taking total capital raised for the strategy above $5bn. The flagship fun...
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