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.
Learn More 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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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 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 headlines miss the mark. A closer look reveals resilient fundamentals and why manager selection is critical today.
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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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Private markets firms need proactive and adaptive cybersecurity frameworks to safeguard data, ensure resilience, and maintain investor trust.
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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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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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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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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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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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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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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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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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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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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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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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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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Competitive edge still exists in an evolving secondary market, dependent on a buyer’s positioning and access
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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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Bill Sacher discusses why mid-market credit is an attractive investment opportunity in today’s current environment.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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.
Read More*Firmwide AUM as of December 31, 2025 was $69.9bn; does not include more recent private credit closings or private credit leverage, which may be discussed herein or is available upon request. AUM has since exceeded $70bn as a result of these recent fund closings.