ASPEN offers individual investors diversified exposure to middle-market private equity opportunities
CHICAGO--(BUSINESS WIRE)--Adams Street Partners, LLC, a leading employee-owned private markets investment firm with over $62 billion in assets under management,1 today announced the launch of the Adams Street Private Equity Navigator Fund (“ASPEN” or the “Fund”), a perpetual evergreen vehicle designed to give individual investors and financial advisors access to institutional-quality2 private equity opportunities.
ASPEN follows the successful investment strategy of its predecessor fund, the Adams Street Global Private Markets Fund. The Fund has a $402.2 million seasoned and diversified portfolio that has delivered an annualized net return of 17.88% since its inception in February 2021.3
ASPEN’s strategy focuses on accessing high-growth, middle-market companies via secondary, direct, and co-investment transactions alongside well-known private equity managers. The Fund provides investors with immediate access to over 1,000 underlying companies across more than 100 leading private equity firms. The Fund features monthly subscriptions, quarterly liquidity,4 a $25,000 investment minimum,5 and simplified tax reporting.
ASPEN is an evergreen structure that enables continuous investment and capital recycling—an efficient solution for investors seeking flexibility and semi-liquid access6 to private markets. According to Adams Street’s Advisor Outlook, 80% of high-net-worth individuals want access to private markets, and nearly half prefer evergreen funds over traditional drawdown models.
“ASPEN expands our suite of evergreen solutions to continue broadening access to our private equity capabilities,” said Jim Walker, Partner & Global Head of Wealth. “The Fund strives to give wealth investors diversified access to high-quality private growth companies, rooted in Adams Street’s decades of experience investing in established private equity managers and companies.”
Adams Street manages over $2 billion7 in global evergreen assets across four evergreen products.
“Investors are increasingly seeking to grow and protect their wealth while ensuring clear alignment of interest with their investment managers,” added Jeffrey Diehl, Managing Partner & Head of Investments. “Adams Street is an employee-owned firm that manages assets for institutional investors, wealth investors and our own employees. ASPEN strives to offer access to institutional-quality private equity with long-term growth potential, providing qualified investors with exposure to the very same investments held by our institutional clients and our employees.”
Adams Street remains privately held and 100% employee-owned, allowing the firm to focus on disciplined, high-conviction investments, rather than asset growth. As public asset managers face increasing pressure to grow and deploy assets, ASPEN benefits from Adams Street’s commitment to quality.
In addition to ASPEN, Adams Street continues to expand its private wealth offerings. This year, the firm launched the Adams Street Advisor Academy, a dedicated education platform for financial advisors built on five decades of private markets experience.
For more information about the Fund, visit evergreen-solutions-aspen.adamsstreetpartners.com
About Adams Street Partners
Adams Street Partners is a global private markets investment manager with investments in more than 30 countries across five continents. The firm is 100% employee-owned and has $62 billion in assets under management across primary, secondary, growth equity, credit, and co-investment strategies. Adams Street strives to generate actionable investment insights across market cycles by drawing on over 50 years of private markets experience, proprietary intelligence, and trusted relationships. Adams Street has offices in Abu Dhabi, Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, Tokyo, and Toronto. Visit www.adamsstreetpartners.com
