Adams Street Partners
Growth equityActively deployingChicago · Seed–Late Stage · 61 people tracked
Also known as Adams Street · ADAMS STREET ADVISORS, LLC · Adams Street Equity · ADAMS STREET PARTNERS, LLC
Investment thesis
Adams Street Partners invests across the full spectrum of private markets, including primary fund investments, secondaries, growth equity, private credit, and co-investments. Its growth equity strategy backs rapidly growing, multi-stage, category-leading companies in software, mobile, healthcare, security, and financial technology. The firm also partners with best-in-class general partners in buyout and growth equity, invests across the capital structure targeting middle-market companies with enterprise value of $150-$750 million, and pursues secondary opportunities amid market dislocations. Supported by a global platform of relationships and in-house analytics, the firm emphasizes a founder-first approach, transparency, and alignment through employee ownership.
Source: firm website, verified Aug 3, 2026.
Team · 61 people
from the firm's website & public directoriesWhat they invest in
from 18 of 21 portfolio companiesAI & Machine Learning ×10Enterprise Software ×10SaaS ×6Data & Infrastructure ×4Healthtech ×4Biotech ×2Cybersecurity ×2Developer Tools ×2
HQs:United States×8Australia×1
Investments · 21 tracked
founders shown can be your intro pathBoston, US
Chip Meakem(Director)Vinay Gidwaney(Executive Officer, Director)William Sullivan(Director)Thomas Bremner(Director)Ron Rofe(Director)Veer Gidwaney(Executive Officer, Director)
Board seatThomas Bremner· per SEC Form D · $35M raise · filed Mar 2016
Fort Worth, US
Mike Zappert(Director)Anilu Vazquez-Ubarri(Director)Francisco Alvarez-Demalde(Director)Astha Malik(Director)Steve Ellis(Director)Daniel Chait(Executive Officer, Director)
Board seatMike Zappert· per SEC Form D · $271.6M raise · filed Mar 2021
London
Board seatMike Zappert· per SEC Form D · $125.2M raise · filed Apr 2020
HealthtechPhoenix, US
Brenda Schmidt(Executive Officer, Director)
Board seatThomas Bremner· per SEC Form D · $43.3M raise · filed May 2019
Arctic Wolf provides managed detection and response (MDR) services with 24x7 security teams that detect, investigate, and respond to threats using an open XDR platform processing trillions of events weekly.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaS
Brian NeSmith(Founder & CEO)
Arize provides observability and evaluation tools for AI systems and large language models, enabling development teams to monitor, debug, and improve AI agents in production.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise Software
APARNA DHINKARAN(Director)DHARMESH THAKKER(Director)Brett Wilson(Director)Jason Lopatecki(President, Chief Executive Officer, Treasurer, and Secretary)MORGAN GERLAK(Director)Ashu Garg(Director)
Cyberhaven provides data detection and response (DDR) software that helps security teams investigate incidents involving data exfiltration and insider threats by reconstructing the complete timeline and context of user actions and data movements.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise Software
Dremio provides an Agentic Lakehouse platform that enables fast, governed access to enterprise data across multiple sources without ETL, with an AI Semantic Layer for business context and autonomous infrastructure management.
AI & Machine LearningData & InfrastructureEnterprise Software
Tomer Shiran(Founder)in
FalconX is a digital assets prime brokerage providing institutional clients with 24/7 access to liquidity and capital solutions through proprietary technology designed for risk management in volatile markets.
Crypto & Web3Fintech<UNKNOWN>, US
Raghu YarlagaddainAustin ReidinSuzy WaltherinBrian CristinVanessa ZhanginShekhar Kirani(Executive Officer, Director)
Fusion Pharma develops targeted alpha therapeutics for cancer treatment using proprietary linker technology to connect alpha-emitting medical isotopes to cancer-targeting molecules, delivering lethal damage to tumor cells while minimizing toxicity to healthy tissues.
BiotechHealthtechMedical Devices
Glean provides an AI-powered workplace search and knowledge management platform that connects company data across documents, messages, tickets, and systems to help teams access information and complete work.
AI & Machine LearningEnterprise SoftwareSaaS<UNKNOWN>
Arvind Jain(Founder & CEO)inVishwanath T R(Co-founder and CTO)inTony Gentilcore(Co-founder, Engineering)in
Lyra provides mental health care services through a network of evidence-based providers, combining clinical expertise with technology to deliver accessible, quality care for employers and health plans.
Digital HealthEnterprise SoftwareHealthtechHR TechMental Health
Alethea Varra(Vice President of Clinical Care)Jennifer Schulz(Chief Executive Officer)Elaine Yang(Executive Officer)Bryan Roberts(Director)James Slavet(Director)David Ebersman(Executive Officer, Director, Promoter)
Nomad Health operates a job marketplace for travel nurses and allied health professionals, connecting clinicians with positions that match their experience and preferences while providing dedicated support throughout the hiring and credentialing process.
B2B MarketplacesHealthtechHR TechNew York, US
Tom Bremner(Director)Thomas Mawhinney(Director)Alexander Nazem(Director)Justin Lambert(Executive Officer, Director)Ralph Henderson(Director)William Eager(Vice President of Engineering)
Poolside builds open-weight foundation models and agentic coding models, including the Laguna family, along with the systems and infrastructure needed to train, refine, and improve these models.
AI & Machine LearningDeveloper Tools
Jason Warner(Founder & CEO)Eiso Kant(Founder)
Punchh provides ordering, loyalty, and marketing software for enterprise restaurant, convenience store, grocery, and retail brands.
FoodTechMarketing TechRetail TechSaaS
Savneet Singh(President & CEO of PAR Technology Corp., and President of ParTech, Inc.)Joe Yetter(General Manager)
Ticketmaster Resale is a marketplace platform for buying and selling event tickets with buyer guarantees including refunds and replacement ticket sourcing.
MarketplacesMelbourne, AU
OneTrust provides a governance platform for privacy, risk, data, and compliance across organizations' technology stacks.
AI & Machine LearningData & InfrastructureEnterprise Software
Zip is an AI platform for enterprise procurement that automates and optimizes the B2B purchasing process from intake to payment.
AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US
Rujul Zaparde(Founder)inLu Cheng(Founder)inPhilip Crutchfield(Director)Larry Diamond(Executive Officer, Director)Peter Gray(Executive Officer, Director)Martin Brooke(Executive Officer)
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Fund performance · per public LP disclosures · 61
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Adams Street Private Credit Fund III-A LPLPs: Texas Municipal Retirement System, Ventura County Employees' Retirement Association | 2023 | — | 17.5% | 1.27x | 0.46x |
| Adams Street SBCERA 2LPs: San Bernardino County Employees Retirement Association | 2023 | — | 21.8% | — | 1.27x |
| Adams Street Co-Investment Fund VLPs: Ventura County Employees' Retirement Association | 2022 | — | 23.0% | 1.45x | 0.00x |
| Adams Street Global Secondary Fund 7LPs: Minnesota State Board of Investment, Ventura County Employees' Retirement Association | 2022 | — | 21.1% | 1.48x | 0.25x |
| Adams Street SBCERALPs: San Bernardino County Employees Retirement Association | 2020 | — | 11.3% | — | 1.38x |
| Adams Street Co-Investment Fund IV ALPs: Ventura County Employees' Retirement Association | 2018 | — | 16.3% | 1.83x | 0.73x |
| Adams Street Global Secondary Fund 6LPs: Minnesota State Board of Investment | 2017 | — | 15.9% | 1.60x | 1.07x |
| Adams Street 2016 Global FundLPs: Ventura County Employees' Retirement Association | 2016 | — | 14.8% | 1.94x | 0.78x |
| Adams Street Venture InnovationLPs: Contra Costa County Employees' Retirement Association | 2016 | — | — | 2.96x | 0.78x |
| Adams Street 2015 Non-US FundLPs: Orange County Employees Retirement System | 2015 | — | 22.0% | 2.70x | 1.38x |
| Adams Street 2015 US FundLPs: Orange County Employees Retirement System | 2015 | — | 19.9% | 2.40x | 1.11x |
| Adams Street Venture/Growth Fund VILPs: Orange County Employees Retirement System | 2015 | — | 6.0% | 1.50x | 0.52x |
| Adams Street 2014 Global FundLPs: Contra Costa County Employees' Retirement Association, Orange County Employees Retirement System | 2014 | — | — | 2.29x | 1.31x |
| Adams Street 2015 Direct Venture/Growth FundLPs: Orange County Employees Retirement System | 2014 | — | 2.4% | 1.20x | 0.26x |
| Adams Street Co-Investment Fund III ALPs: Orange County Employees Retirement System | 2014 | — | 17.1% | 2.50x | 1.76x |
| Adams Street 2013 Global FundLPs: Ventura County Employees' Retirement Association, Orange County Employees Retirement System | 2013 | — | 12.6% | 2.18x | 1.30x |
| Adams Street 2012 Global FundLPs: Contra Costa County Employees' Retirement Association, Orange County Employees Retirement System | 2012 | — | — | 2.16x | 1.52x |
| Adams Street Global Secondary Fund 5 LPLPs: Minnesota State Board of Investment | 2012 | — | 5.8% | 1.35x | 1.12x |
| Adams Street Partners FundLPs: Contra Costa County Employees' Retirement Association | 2012 | — | 11.1% | 1.37x | 1.13x |
| Adams Street Partnership Fund 2012, L.P.LPs: Baltimore City Employees' Retirement System | 2012 | — | 14.1% | 2.10x | 1.10x |
| Adams Street 2011 Emerging Markets FundLPs: Orange County Employees Retirement System | 2011 | — | 11.9% | 2.40x | 1.71x |
| Adams Street 2011 Non-US Developed MarketsLPs: Orange County Employees Retirement System | 2011 | — | 14.0% | 2.20x | 1.62x |
| Adams Street 2011 U.S. FundLPs: Orange County Employees Retirement System | 2011 | — | 15.6% | 2.50x | 1.91x |
| ASP Direct Fund 2011LPs: Chicago Teachers' Pension Fund | 2011 | — | 13.2% | 2.09x | 1.64x |
| Adams Street - 2010 Non-U.S. Emerging MarketsLPs: Orange County Employees Retirement System | 2010 | — | 9.2% | 2.00x | 1.36x |
| Adams Street - 2010 U.S. FundLPs: Orange County Employees Retirement System | 2010 | — | 16.0% | 2.60x | 2.04x |
| Adams Street 2010 Direct FundLPs: Ventura County Employees' Retirement Association, Orange County Employees Retirement System | 2010 | — | 11.8% | 1.96x | 1.65x |
| Adams Street 2011 Direct FundLPs: Orange County Employees Retirement System | 2010 | — | 13.2% | 2.10x | 1.63x |
| Adams Street Partnership Fund -2010 Non-U.S. Developed MktsLPs: Ventura County Employees' Retirement Association | 2010 | — | 12.6% | 1.98x | 1.62x |
| Adams Street Partnership Fund -2010 Non-U.S. Emerging MktsLPs: Ventura County Employees' Retirement Association | 2010 | — | — | 1.97x | 1.34x |
| Adams Street Partnership Fund -2010 U.S. FundLPs: Ventura County Employees' Retirement Association | 2010 | — | 15.8% | 2.52x | 2.02x |
| ASP Direct Fund 2010LPs: Chicago Teachers' Pension Fund | 2010 | — | 11.8% | 1.96x | 1.65x |
| Adams Street - 2009 Non-U.S. Emerging MarketsnLPs: Orange County Employees Retirement System | 2009 | — | 7.8% | 1.80x | 1.35x |
| Adams Street - 2009 U.S. FundLPs: Orange County Employees Retirement System | 2009 | — | 14.8% | 2.40x | 2.02x |
| Adams Street Partners IILPs: Contra Costa County Employees' Retirement Association | 2009 | — | 10.1% | 1.71x | 1.62x |
| ASP Co-Invest II 2009LPs: Chicago Teachers' Pension Fund | 2009 | — | 23.7% | 2.45x | 2.04x |
| Adams Street - 2008 Non-U.S. FundLPs: Orange County Employees Retirement System | 2008 | — | 10.3% | 1.90x | 1.84x |
| Adams Street - 2008 U.S. FundLPs: Orange County Employees Retirement System | 2008 | — | 15.7% | 2.30x | 2.28x |
| Adams Street 2009 Direct FundLPs: Orange County Employees Retirement System, Contra Costa County Employees' Retirement Association | 2008 | — | — | 2.05x | 1.83x |
| ASP Direct Fund 2008LPs: Chicago Teachers' Pension Fund | 2008 | — | 15.1% | 2.71x | 2.52x |
| Adams Street - 2007 Non-U.S. FundLPs: Orange County Employees Retirement System | 2007 | — | 7.7% | 1.60x | 1.63x |
| Adams Street - 2007 U.S. FundLPs: Orange County Employees Retirement System | 2007 | — | 12.1% | 2.00x | 2.00x |
| Adams Street 2008 Direct FundLPs: Orange County Employees Retirement System | 2007 | — | 15.1% | 2.70x | 2.51x |
| Adams Street 2007 Direct FundLPs: Orange County Employees Retirement System, Contra Costa County Employees' Retirement Association | 2006 | — | — | 2.54x | 2.42x |
| Adams Street Partnership Fund 2004 Non U.S. FundLPs: Contra Costa County Employees' Retirement Association | 2004 | — | 11.1% | 1.42x | 1.42x |
| Adams Street Partnership Fund 2004 U.S. FundLPs: Contra Costa County Employees' Retirement Association | 2004 | — | — | 1.58x | 1.57x |
| Adams Street Partnership Fund 2005 Non U.S. FundLPs: Contra Costa County Employees' Retirement Association | 2004 | — | 11.1% | 1.35x | 1.35x |
| Adams Street Partnership Fund 2005 U.S. FundLPs: Contra Costa County Employees' Retirement Association | 2004 | — | — | 1.60x | 1.60x |
| Adams Street Partnership Fund 2007 Non U.S. FundLPs: Contra Costa County Employees' Retirement Association | 2004 | — | 11.1% | 1.63x | 1.63x |
| Adams Street Partnership Fund 2007 U.S. FundLPs: Contra Costa County Employees' Retirement Association | 2004 | — | — | 2.03x | 2.02x |
| Adams Street Partnership Fund 2009 Non U.S. DevelopLPs: Contra Costa County Employees' Retirement Association | 2004 | — | — | 1.94x | 1.68x |
| Adams Street Partnership Fund 2009 Non U.S. EmerginLPs: Contra Costa County Employees' Retirement Association | 2004 | — | — | 1.83x | 1.38x |
| Adams Street Partnership Fund 2009 U.S. FundLPs: Contra Costa County Employees' Retirement Association | 2004 | — | — | 2.37x | 2.04x |
| Adams Street - McaLPs: San Bernardino County Employees Retirement Association | — | — | 19.1% | — | — |
| Adams Street Global Opportunities Secondary Fund ILPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.70x | 1.62x |
| Adams Street Global Opportunities Secondary Fund VLPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.36x | 1.13x |
| Adams Street Partnership Fund 2004 Non U.S. Fund L.LPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.42x | 1.42x |
| Adams Street Partnership Fund 2005 Non U.S. Fund L.LPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.35x | 1.35x |
| Adams Street Partnership Fund 2007 Non U.S. Fund L.LPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.63x | 1.63x |
| Adams Street Private Credit Fund II-A LPLPs: Texas Municipal Retirement System | — | — | 13.8% | 1.81x | 1.26x |
| Adams Street Private Credit Fund-A LPLPs: Texas Municipal Retirement System | — | — | 12.9% | 1.60x | 1.40x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Adams Street Partners invest at?
- Adams Street Partners invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is Adams Street Partners's typical check size?
- Adams Street Partners typically writes checks of $150M – $750M.
- What sectors does Adams Street Partners focus on?
- Adams Street Partners focuses on Cybersecurity, Fintech, Healthtech, Mobility & Transportation, SaaS, Sector Agnostic.
- Where is Adams Street Partners located?
- Adams Street Partners is headquartered in Chicago, US.
- Does Adams Street Partners lead rounds?
- Adams Street Partners typically participates in rounds rather than leading them.
From the blog
visit blog ↗Adams Street recently released research highlighting investor and advisor confidence in private markets, including a European venture fund closing at €270 million, strong demand for private market access among wealth advisors and individual investors, and institutional investor optimism regarding technology and healthcare sectors amid expectations of recovery in dealmaking and liquidity. AI summary
Co-investors · 45
Sapphire Ventures is a venture capital firm founded in 2011 that backs technology companies, offering operating support such as executive talent and customer introductions to its portfolio.
Battery Ventures is a global investment firm that has backed more than 450 companies over its 40-year history, with a team operating as a single global unit and offering focused support services in talent, business development, marketing/communications, and growth/leadership.
Insight Partners is a venture and growth-stage software investor featuring a large portfolio of technology companies across multiple sectors and regions.
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.
Norwest is a venture and growth equity investment firm that has backed over 700 companies across sectors including AI, retail, and healthcare, working alongside entrepreneurs from early to late-stage growth.
Eniac Ventures is a seed-stage venture firm that positions itself as founder-friendly and focused on helping early-stage companies achieve product-market fit.
Meritech Capital Partners is a venture capital firm, founded in 1999, that invests in market-leading technology companies, having backed 200+ investments with 60+ IPOs.
Trinity Ventures is an early-stage venture capital firm that invests in mission-driven entrepreneurs and their companies.
Venrock is a venture capital firm investing across technology and healthcare, backing companies in fintech, developer infrastructure, life sciences, therapeutics, semiconductors, and consumer products.
Unusual Ventures is an early-stage venture capital firm that backs enterprise founders from initial insight through market leadership, providing a proprietary playbook for finding product-market fit.
Crane Venture Partners is an early-stage venture firm that backs founders from inception through seed, focusing on foundational technology companies with global ambitions.
▶33 more co-investors
Bessemer Venture PartnersMenlo VenturesQuiet CapitalMayfield FundOak HC/FTForerunner VenturesEmergence Capital PartnersScale Venture PartnersCrosslink CapitalFifth WallCostanoa VenturesCapitalGNotion CapitalTCVMango CapitalSummit PartnersMONASHEESJackson Square VenturesCrunchFundK9 VenturesUP PartnersKaszek VenturesG2 Venture PartnersNext Coast VenturesAZ-VCS32H.I.G. Growth PartnersRembrandt Venture PartnersDocuSignMoment Ventures, LlcCloud Apps Capital PartnersGranite VenturesAvenir Growth Capital
Firms observed investing alongside Adams Street Partners, from public investor directories. Shared companies are the overlap with Adams Street Partners's recorded portfolio.
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