# Adams Street Partners: portfolio, investments and team

> Adams Street Partners is a vc firm based in United States. 188 investments on record, 11 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/adams-street-partners (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Adams Street Partners

Last cheque observed Oct 2026; 188 cheques on record.

Email

Deploying now New fund $656M, Sept 2026 VC firm

Growth Pre-IPO Wellbeing Cloud Infrastructure Digital-health

Follow Adams Street Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fadams-street-partners)

Deploying now

**69%** of best year **11** **cheques in 12 months**, 188 on record

Since the last cheque **30** days **00** hrs **00** min **00** sec

Median round **$70M** Cheque size, as they say **$5.0M – $75M** Rounds led **3 of 188** Sole investor **11 rounds** Exits **32 from the portfolio** Mostly in **United States, 87%**

Pitch Adams Street Partners

## Adams Street Partners highlights

- 01 11 cheques in the last 12 months
- 02 Mostly Series B and Series C: 50% of its rounds
- 03 Sole investor in 11 rounds, median $16M
- 04 32 exits from the portfolio

## What they do

> Adams Street Partners is one of the industry's most respected and experienced global private markets investment managers. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $5.0M – $75M as they say
- **Stages:** Growth Pre-IPO
- **Sectors:** Wellbeing Cloud Infrastructure Digital-health
- **Based in:** Chicago, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **188 appearances**

- **2026** 9 rounds
- **Oct** **[Homeward](https://millionrounds.com/company/homeward)** Series D · US · Crunchbase News **$120M** With 10 others
- **Jun** **[Mineralys Therapeutics](https://millionrounds.com/company/mineralys-therapeutics)** Debt · US **$500M** With 5 others
- **May** **[Lyra Health](https://millionrounds.com/company/lyra-health)** Growth · US **$57M** With 4 others
- **Apr** **[Legora](https://millionrounds.com/company/legora)** Series D · SE · Crunchbase News **$50M** With 7 others
- **Mar** **[Turquoise](https://millionrounds.com/company/turquoise)** Series C · US **$40M** With 4 others
- **Feb** **[Palvella Therapeutics](https://millionrounds.com/company/palvella-therapeutics)** US **$200M** With 2 others
- **Jan** **[Pomelo](https://millionrounds.com/company/pomelo)** Series C · AR · Contxto **$55M** With 11 others
- **Jan** **[ClickHouse](https://millionrounds.com/company/clickhouse)** Growth · US · TechCrunch **$400M** With 10 others
- **Jan** **[Corvus Pharmaceuticals](https://millionrounds.com/company/corvus-pharmaceuticals)** US **$201M** With 4 others
- **2025** 14 rounds
- **Dec** **[Identity Digital](https://millionrounds.com/company/identity-digital)** Venture · US **Undisclosed** With 2 others
- **Dec** **[Nomad Health](https://millionrounds.com/company/nomad-health)** Venture · US **$34M** With 7 others
- **Oct** **[EvenUp](https://millionrounds.com/company/evenup)** Growth · US · Crunchbase News **$150M** With 9 others
- **Sept** **[Vercel](https://millionrounds.com/company/vercel)** Series F · US · TechStartups **$300M** With 8 others
- **Sept** **[Mineralys Therapeutics](https://millionrounds.com/company/mineralys-therapeutics)** US **$288M** With 5 others
- **Jun** **Cato Networks** Series G · IL · Crunchbase News **$359M** With 4 others
- **Jun** **Cato Networks** Growth **$409M** With 4 others
- **May** **[Empathy](https://millionrounds.com/company/empathy)** Series C · US **$72M** With 4 others
- **May** **[Redox](https://millionrounds.com/company/redox)** US **$12M** With 3 others
- **Apr** **[Cyberhaven](https://millionrounds.com/company/cyberhaven)** Series D · US **$100M** With 5 others
- **Apr** **[Altruist](https://millionrounds.com/company/altruist)** Series F · US **$152M** With 5 others
- **Feb** **[Arize AI](https://millionrounds.com/company/arize-ai)** Series C · US **$70M** With 5 others
- **Jan** **[Highnote](https://millionrounds.com/company/highnote)** Series B · US **$90M** With 3 others
- **Jan** **[Solera Health](https://millionrounds.com/company/solera-health)** Series E · US **$40M** With 1 other
- **2024** 5 rounds
- **Oct** **[Zip](https://millionrounds.com/company/zip)** Growth · US · Crunchbase News **$190M** With 7 others
- **Oct** **[Poolside](https://millionrounds.com/company/poolside)** Series B · US · Crunchbase News **$500M** With 19 others
- **Jul** **[Level AI](https://millionrounds.com/company/level-ai)** Series C · US **$39M** With 3 others
- **Jan** **[Integral Development Corp](https://millionrounds.com/company/integral-development-corp)** Venture · US **$30M** With 1 other
- **Jan** **[Turquoise Health](https://millionrounds.com/company/turquoise-health)** Series B · US **$30M** With 4 others
- **2023** 3 rounds
- **May** **[Icosavax](https://millionrounds.com/company/icosavax)** US **$68M** With 4 others
- **Feb** **[Fusion Pharmaceuticals](https://millionrounds.com/company/fusion-pharmaceuticals)** CA **$60M** With 2 others
- **Jan** **[VillageMD](https://millionrounds.com/company/villagemd)** Venture · US **$6.5B** Sole investor
- **2022** 8 rounds
- **Nov** **[DispatchHealth](https://millionrounds.com/company/dispatchhealth)** Series E · US **$330M** With 1 other
- **Nov** **[Aptinyx](https://millionrounds.com/company/aptinyx)** Grant · US **$5.6M** With 3 others
- **Oct** **[Arctic Wolf](https://millionrounds.com/company/arctic-wolf)** US **$401M** With 2 others
- **Jul** **[GoCardless](https://millionrounds.com/company/gocardless)** Venture · GB **Undisclosed** With 4 others
- **Apr** **[Reify Health](https://millionrounds.com/company/reify-health)** Series D · US **$220M** With 4 others
- **Mar** **[BillionToOne](https://millionrounds.com/company/billiontoone)** Series C · US · Firms' own news pages **$125M** *Led*
- **Feb** **[Aircall](https://millionrounds.com/company/aircall)** Venture · US **Undisclosed** With 4 others
- **Jan** **[Dremio](https://millionrounds.com/company/dremio)** Series E · US **$160M** With 5 others
- **2021** 5 rounds
- **Oct** **Orca Security** Series C · US **$340M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **24 named**

AK **Alec Kersman** EXECUTIVE OFFICER OF ADAMS STREET PARTNERS, LLC i Filing they signed

AR **Alicia R. Pando** Executive Officer of Adams Street Partners, LLC. i Filing they signed

BF **Benjamin F. Blum** Executive Officer i Filing they signed

BA **Biddanda A. Thimmaya** Executive Officer, Promoter i Filing they signed

BJ **Brett J. David** Executive Officer of the General Partner i Filing they signed

BG **Brijesh Gary Jeevarathnam** Executive Officer of Adams Street Partners, LLC. i Filing they signed

CJ **Christopher J. Ackerman** Executive Officer, Promoter i Filing they signed

DB **Daniel B. Edelman** Executive Officer, Promoter i Filing they signed

DJ **David J. Brett** Executive Officer of Adams Street Partners, LLC. i Filing they signed

DA **Dominic A. Hood** Executive Officer, Promoter i Filing they signed

DJ **Donald J. Edwards** Executive Officer, Promoter i Filing they signed

EP **Elisha P. Gould** Executive Officer of the Member of the General Partner of the General Partner i Filing they signed

EH **Emily Henry** Executive Officer i Filing they signed

ER **Eric R. Mansell** Chief Legal Officer, Executive Vice President, Secretary and Partner i Form ADV

FM **Frank M. Porcelli** Director i Filing they signed

JG **J. Gary Fencik** Executive Officer of the Member of the General Partner of the General Partner i Filing they signed

JF **James Francis Walker** Executive Officer of the Member of the General Partner i Filing they signed

JS **Jason S. Gull** Executive Officer of Adams Street Partners, LLC i Filing they signed

JB **Jeffrey Bowen Akers** Executive Officer of the Member of the General Partner of the General Partner i Filing they signed

JJ **Jeffrey James Diermeier** Director i Form ADV

JT **Jeffrey Thomas Diehl** Executive Officer of the Member of the General Partner of the General Partner i Filing they signed

JP **John Peter Amboian** Director i Form ADV

JT **Jonathan T. Oka** Executive Officer, Promoter i Filing they signed

KP **Kelly P. Meldrum** Executive Officer of the Member of the General Partner of the General Partner i Filing they signed

We also hold **186** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$67B** assets it manages, 2 advisers combined Oct 2026

**8+** funds on file numbered funds in its name

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Adams Street Partners, LLC
- **SEC number:** CRD 333783

Funds on its Form ADV

**303** private funds, **$50B** in gross assets · filed Jun 2024

Private equity **302** Venture **1**

- Adams Street- PE Genesis Fund I L.P. *Private equity* 2 investors $1.4B
- Adams Street- PE Genesis Fund II L.P. *Private equity* 2 investors $1.2B
- Adams Street Sifai Fund L.P. *Private equity* 2 investors $1.0B
- Adams Street Global Secondary Fund 7 L.P. *Private equity* 72 investors $930M
- Adams Street 2014 Global Fund L.P. *Private equity* 37 investors $929M
- Adams Street - PE Genesis Fund III L.P. *Private equity* 2 investors $898M
- Adams Street - PKBS Private Equity Fund I Global *Private equity* 2 investors $835M
- Adams Street RSP L.P. *Private equity* 2 investors $803M
- JUNI Private Equity Fund A USD L.P. *Private equity* 3 investors $803M
- Adams Street 2019 Global Fund L.P. *Private equity* 11 investors $765M

And 293 more on the filing.

Who backs their funds

## 1 LP on record in Adams Street Partners's funds

- **Committed:** $465M
- **Funds:** 3
- **Vintages:** 2012 to 2021

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2026.

- [**Minnesota State Board of Investments** 3 funds *$465M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) Fund Vintage Committed Adams Street Global Secondary Fund 7 2021 $265M Adams Street Global Secondary Fund 6 2017 $100M Adams Street Global Secondary Fund 5 2012 $100M

## Exits from the portfolio

Companies it backed that were later bought or listed **32 in all**

**[Naurex](https://millionrounds.com/company/naurex)** Bought by [Allergan](https://millionrounds.com/fund/allergan) **$560M** Jul 2015

**[Visible World](https://millionrounds.com/company/visible-world)** Bought by [Comcast](https://millionrounds.com/fund/comcast) **Undisclosed** Jun 2015

**[Borderfree](https://millionrounds.com/company/borderfree)** Bought by [Pitney Bowes](https://millionrounds.com/fund/pitney-bowes) **$395M** May 2015

**[PneumRx](https://millionrounds.com/company/pneumrx)** Bought by [BTG](https://millionrounds.com/fund/btg) **$475M** Dec 2014

**[BrightRoll](https://millionrounds.com/company/brightroll)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$640M** Nov 2014

**[Jaspersoft](https://millionrounds.com/company/jaspersoft)** Bought by TIBCO Software Inc. **$185M** Apr 2014

**[Pivot Medical](https://millionrounds.com/company/pivot-medical)** Bought by Stryker Corporation **Undisclosed** Jan 2014

**[Rempex Pharmaceuticals](https://millionrounds.com/company/rempex-pharmaceuticals)** Bought by The Medicines Company **$464M** Dec 2013

**[OncoMed Pharmaceuticals](https://millionrounds.com/company/oncomed-pharmaceuticals)** Listed **$82M** Jul 2013

**[RetailMeNot, Inc.](https://millionrounds.com/company/retailmenot-inc)** Listed **$230M** Jun 2013

**[Incline Therapeutics](https://millionrounds.com/company/incline-therapeutics)** Bought by The Medicines Company **Undisclosed** Dec 2012

**[RetailMeNot](https://millionrounds.com/company/retailmenot)** Bought by WhaleShark Media **Undisclosed** Dec 2012

**[Convio](https://millionrounds.com/company/convio)** Bought by Blackbaud **$294M** Jan 2012

**[SPS Commerce](https://millionrounds.com/company/sps-commerce)** Bought by GE Intelligent Platforms **Undisclosed** Jan 2011

**[RetailMeNot, Inc.](https://millionrounds.com/company/retailmenot-inc)** Bought by RetailMeNot, Inc. **Undisclosed** Dec 2010

**[Enfora](https://millionrounds.com/company/enfora)** Bought by Novatel Wireless **$70M** Nov 2010

**[Stratavia](https://millionrounds.com/company/stratavia)** Bought by [Hewlett-Packard](https://millionrounds.com/fund/hewlett-packard) **Undisclosed** Aug 2010

**[Sportgenic](https://millionrounds.com/company/sportgenic)** Bought by Mode Media (fka Glam Media) **Undisclosed** Jul 2010

**[Convio](https://millionrounds.com/company/convio)** Listed **Undisclosed** Apr 2010

**[SPS Commerce](https://millionrounds.com/company/sps-commerce)** Listed **Undisclosed** Apr 2010

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$656M**

raised in Sept 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Growth Pre-IPO

Median round joined **$70M** the round, not its cheque Alone, median **$16M**

Led 3 of 188 rounds **2%**

- **Said size:** $5.0M – $75M
- **Sole investor:** 11 rounds
- **Last cheque:** Oct 2026
- **Exits:** 32 from the portfolio

Rounds by stage said on their site

- Series B *37*
- Series C *32*
- Series D *23*
- Venture *23*
- Series A *23*
- Growth said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Accel](https://millionrounds.com/fund/accel) 9
- [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) 8
- [Partech Ventures](https://millionrounds.com/fund/partech) 8
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 7
- [500 Global](https://millionrounds.com/fund/500-startups) 6
- [Austin Ventures](https://millionrounds.com/fund/austin-ventures) 6

**Pitching Adams Street Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Adams Street Partners. A count of rooms they were both in, not a relationship either has claimed.

[**Accel** VC firm **9** rounds together](https://millionrounds.com/fund/accel)[**Bessemer Venture Partners** VC firm **8** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**Partech Ventures** VC firm **8** rounds together](https://millionrounds.com/fund/partech)[**Lightspeed Venture Partners** VC firm **7** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**500 Global** Angel **6** rounds together](https://millionrounds.com/fund/500-startups)[**Austin Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/austin-ventures)[**Baird Capital** Wealth manager **6** rounds together](https://millionrounds.com/fund/baird-capital)[**Emergence** VC firm **6** rounds together](https://millionrounds.com/fund/emergence-capital-partners)[**IVP** VC firm **6** rounds together](https://millionrounds.com/fund/ivp)[**Latterell Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/latterell-venture-partners)[**Scale Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/scale-venture-partners)[**Trinity Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/trinity-ventures)

## Recently backed

The latest companies Adams Street Partners put money into.

[**Homeward** $120M · Oct 2026](https://millionrounds.com/company/homeward)[**Mineralys Therapeutics** $500M · Jun 2026](https://millionrounds.com/company/mineralys-therapeutics)[**Lyra Health** $57M · May 2026](https://millionrounds.com/company/lyra-health)[**Legora** $50M · Apr 2026](https://millionrounds.com/company/legora)[**Turquoise** $40M · Mar 2026](https://millionrounds.com/company/turquoise)[**Palvella Therapeutics** $200M · Feb 2026](https://millionrounds.com/company/palvella-therapeutics)

## Mentioned on podcasts

Episodes that name Adams Street Partners in their description, not their title.

- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 9 Jun 2026 · 39 min E386: Adams Street ($70B): Venture Capital Has a New Problem Mentions [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 14 May 2025 · 22 min Growth Equity Leader: Adams Street’s Brian Dudley Mentions [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) Apple PodcastsShow page
- [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 17 Dec 2024 · 17 min Minisode: Franchise Funds: Why do LPs & Founders Care? Mentions [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners)[Laura Thompson](https://millionrounds.com/person/laura-thompson) Apple PodcastsShow page
- [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 10 Dec 2024 · 51 min Franchise Funds: Becoming (and Remaining) One with Stephen Bluestein Mentions [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners)[Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners)[Light Street Capital](https://millionrounds.com/fund/light-street-capital) *+1* Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 5 Aug 2018 · 23 min KKR's Head of TMT Growth Equity Dave Welsh Mentions [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners)[Partech Ventures](https://millionrounds.com/fund/partech) Apple PodcastsShow page

## Quick answers about Adams Street Partners

### What does Adams Street Partners invest in?

Adams Street Partners invests most often at Series B and Series C (50% of the rounds on record), in sectors such as Wellbeing, Cloud Infrastructure and Digital-health.

### How active is Adams Street Partners?

188 investments on record, 11 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has Adams Street Partners invested in recently?

Its most recent investments on record: Homeward (Series D, Oct 2026), Mineralys Therapeutics (Debt, Jun 2026) and Lyra Health (Growth, May 2026).

### How big are Adams Street Partners's cheques?

The median round it joins is $70M. It says it writes cheques of $5.0M to $75M.

### Does Adams Street Partners lead rounds?

Sometimes: it led 3 of its 188 investments on record (2%).

### Where does Adams Street Partners invest?

Most of the companies it backs are in the United States (87%).

### Is Adams Street Partners investing now?

Yes: it is actively investing, with 11 investments in the last 12 months.

### Who does Adams Street Partners invest alongside?

Most often Accel (9 rounds together), Bessemer Venture Partners (8 rounds together) and Partech Ventures (8 rounds together).

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