Europe’s Place in a Global Private Credit Portfolio
Europe can offer relative value and diversification for a US-focused private credit portfolio through exposure to a broad and growing market.
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11/02/26
IS YOUR PE PLAYBOOK STILL THE RIGHT ONE FOR THE CURRENT CYCLE?
Jeff Diehl addresses four questions institutional investors are asking as higher rates, manager dispersion and AI impact private equity allocations.
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Secondaries Unlocked: A Seller’s Perspective and Outlook
Liquidity pressures and portfolio rebalancing needs are pushing more private equity investors to sell in the secondary market—often at discounts—creating a growing, structurally supported opportunity set for buyers and signaling continued expansion and innovation in secondaries.
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Private Credit Redemptions: Why Transparency Matters More Than Reassurance
Rising BDC and interval fund redemptions are less about private credit fundamentals and more about limited transparency across managers. Readers will learn why better disclosure, manager quality, liquidity discipline and data-driven reporting may help investors separate stronger managers from weaker ones.
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Adams Street Partners Closes Third Private Credit Platform with $7.5 Billion of Capital
Adams Street Partners announced the successful close of its private credit platform, including its Private Credit III fund, with $7.5 billion in committed capital, inclusive of leverage.
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Private Credit Under Scrutiny: What Matters—and What Doesn’t
Private credit headlines miss the mark. A closer look reveals resilient fundamentals and why manager selection is critical today.
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2026 Global Investor Survey
Private markets continue to present a compelling opportunity for long-term investors, according to our sixth annual survey of limited partners (LPs). Respondents cite active ownership, aligned incentives, and the ability to influence company-level strategy as defining attributes of the asset class.
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Cybersecurity: A Strategic Imperative in Private Markets
Private markets firms need proactive and adaptive cybersecurity frameworks to safeguard data, ensure resilience, and maintain investor trust.
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Where Does the AI Revolution Take Venture Next?
Benchmark General Partner Chetan Puttagunta and Adams Street Partner & Global Head of Fund Investments Brijesh Jeevarathnam explore the technology powering a potential $1 trillion-plus transformation, from foundational models to the next wave of AI applications, and where Benchmark is placing its bets.
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Private Markets 2026 Outlook: Improving Liquidity Amid Greater AI Adoption
In venture capital, the focus is shifting from building AI infrastructure to broader enterprise adoption. In buyouts, corporate carveouts and sponsor transactions account for a larger share of deal flow, which we expect to accelerate as financing conditions ease and valuation spreads narrow
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Is AI Venture’s Biggest Opportunity Yet?
Benchmark General Partner Chetan Puttagunta and Adams Street Partner & Global Head of Fund Investments Brijesh Jeevarathnam discuss the substantial market opportunity and AI’s power to redefine workflows with the potential to generate significant value across industries.
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Private Credit Hyperscalers Risk Eroding Investor Returns
Institutional investors have long been the primary clients of private credit managers, investing through commingled funds and separate account structures (“SMAs”).
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Enabler, Accelerator, Emerging Threat: How Buyout Managers Leverage AI
Artificial intelligence (AI), and generative AI in particular, is redefining the private equity investment landscape. The convergence of cheaper compute, more capable natural language models, and human-like interaction has taken AI from experimentation into production.
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Behavioral Health 2.0: Moving Up the Acuity Ladder
We believe the next wave of behavioral health innovation will be defined by platforms that can measurably improve outcomes for the highest need patients at scale.
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Liquidity Outlook – Are We Poised for a Rebound?
Trade sales and secondary buyouts to financial sponsors are the dominant liquidity routes, collectively accounting for over 75% of our buyout portfolio’s exits since 2013 by number of transactions.
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Never Trust, Always Verify: How to Avoid Wire Fraud
The threat of cybercrime is significant and growing. Reports of cybercrime by the American public rose 10% to a record 880,413 in 2023, according to the Federal Bureau of Investigation (FBI), generating potential losses in excess of $12.5 billion, a 22% surge from the previous year.1
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Is Direct Lender Optimism Camouflaging Problem Loans?
History tells us that periods of inflation and rising rates are typically followed by a rise in defaults and bankruptcies of levered companies, which in turn widens return dispersion of direct lending funds. Over the past few years, we have witnessed the former without evidence of the latter. So, has something structurally changed to make default history a poor guide?
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2025 Global Investor Survey: Top 10 Private Market Insights
Investors expect 2025 to present an improving backdrop for dealmaking and liquidity, which should benefit fundraising in turn. Optimism revolves around the expectation that innovation and disruption are accelerating, regulatory and antitrust oversight will decline, and a strong supply of capital will help reduce the backlog of exits for private equity firms.
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2025 Global Investor Survey: Navigating Private Markets
After more than 70 countries — including the US, the UK, France, Japan, Mexico, and India — held national elections in 2024, investors of all stripes are looking for clarity on how policy changes might impact industries, trade relations, and growth.
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Co-Investments: Dispelling the Myth of Adverse Selection
Intuitively, lead GPs are significantly motivated to cultivate strong, long-tenured relationships with LPs; providing co-investment opportunities with less favorable prospects would be directly at odds with this primary objective
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Where Does Competitive Edge Exist In the Secondary Market?
Competitive edge still exists in an evolving secondary market, dependent on a buyer’s positioning and access
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Adams Street Partners Closes 2024 Global Fund Program with $1.1 Billion in Commitments
Adams Street Partners has held the final closing of the Adams Street 2024 Global Fund Program with $1.1 billion in committed capital. The Global Fund Program will celebrate its 30th anniversary in 2025.
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Expert Q&A: The Compelling Opportunity in Mid-Market Credit
Bill Sacher discusses why mid-market credit is an attractive investment opportunity in today’s current environment.
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The Advantages of Being a Lead Lender: Bill Sacher Q&A
The designation of lead lender often confers significant advantages for a private credit manager, including privileged access to data and influence over capital structure, covenants and loan terms
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Capturing Secondary Market Structural Benefits – A 3D Perspective
Well-informed secondary buyers with strong GP relationships are often positioned to deliver the core benefits of secondaries – discount at entry, shorter duration, and increased diversification.
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In Private Credit Manager Selection, the Devil is in the Diligence
Adams Street’s Jeff Diehl and Bill Sacher recommend selecting private credit managers with three key characteristics to avoid losses and produce alpha.
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Integrated Platforms Can Provide Valuable Insights for Co-Investments
Co-investment managers who can tap a large pool of GPs generated by an integrated platform can boost deal flow, diligence, and portfolio insights.
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Adams Street Partners Raises $1 Billion for First Middle Market CLO
The Private Credit team of Adams Street Partners announced the final closing of a $1 billion middle market collateralized loan obligation (“CLO”), ASP Summa.
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Navigating Private Markets in 2024: Opportunity Knocks as Change Accelerates
Adams Street's fourth annual Global Investor Survey points to increasing optimism among private markets investors about the outlook for fundraising, liquidity, and returns.
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Is Your PE Playbook Still the Right One for the Current Cycle?
Jeff Diehl addresses four questions institutional investors are asking as higher rates, manager dispersion and AI impact private equity allocations.
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Jeff Diehl on Private Credit Risks and Hyperscalers | S&P Global Private Markets 360 Podcast
In this S&P podcast, Jeff Diehl discusses why private credit hyperscalers may face deployment pressure that can erode underwriting discipline and returns.
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Are Private Credit Hyperscalers a Ticking Time Bomb?
Jeffrey Diehl, Managing Partner at Adams Street Partners, joins the InsuranceAUM.com podcast to discuss the risks and realities of private credit hyperscalers.
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Private Markets Portfolio Construction for Insurers
Toby True, Partner on the Investment Strategy and Risk Management Team at Adams Street Partners, joins host Stewart Foley on the InsuranceAUM.com Podcast as we dive into private market portfolio construction, illiquidity risk, and data-driven insights for insurers.
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Podcast: Why AI’s Venture Opportunity May Be Era Defining
AI may drive a $7 trillion to $10 trillion economic expansion over the next decade, potentially adding 10% to global GDP, according to various market predictions.
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Podcast: Why the Core-Mid Market May Be Private Credit’s Sweet Spot
Adams Street’s definition of the core mid-market comprises companies with an enterprise value from $150 million and $800 million, and EBITDA ranging from $20 million to $100 million.
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Secondaries Offer Liquidity Opportunity for Well-Informed Investors With Competitive Edge
Join host Stewart Foley on the InsuranceAUM.com Podcast as we explore the benefits of private equity secondaries for insurance investors. Learn how this asset class offers shorter durations, predictable cash flows, and compelling risk-adjusted returns.
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Podcast: Quality is Critical in Co-Investments Amid Volatility
In this podcast, Dave Brett, Partner & Head of Co-Investments, and Michael Taylor, Partner, Co-Investments, discuss dynamics that are influencing the co-investments market with Thomas Kim, Senior Investment Officer with the San Bernardino County Employees’ Retirement Association.
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Building Resilience – The Power of Private Credit in Insurance Portfolios
Bill Sacher is a Partner & Head of Private Credit and Fred Chung is a Partner & Head of Credit Underwriting at Adams Street Partners.
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Webinar: Trends Shaping Private Markets in 2024
Jeff Diehl, Managing Partner & Head of Investments, joined a webinar programmed by Economist Impact and supported by Adams Street Partners, to discuss trends that will influence private equity strategies.
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Disclaimer
*As of June 30, 2026. Adams Street Partners’ methodology to calculate Assets Under Management (AUM) is based on fund net asset value (NAV), plus unfunded commitments, plus leverage, but excluding the effect of subscription lines of credit. The prior AUM methodology was based on investor commitments minus commitments to fully liquidated underlying partnerships. Such change in methodology was effective July 2026; however, for periods shown prior to December 31, 2025, Adams Street continues to use the previous methodology. This updated methodology more closely aligns with (i) the amount of assets managed on behalf of investors and (ii) the amount of capital available to make direct and/or partnership investments. Amounts stated by investment advisers in regulatory filings (“regulatory AUM”) have a prescribed methodology, which may, in some circumstances, differ from the methodology such adviser uses for other purposes, including marketing efforts. Additional information is available upon request.