Private fund adviser · Chicago, IL
Adams Street Partners, LLC
SEC-registered investment adviser · CRD 109358 · SEC 801-58169
At a glance
Adams Street Partners, LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $66.5 billion in regulatory assets under management as of its Form ADV filed June 17, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 132nd of 4,686 private fund advisers and 363rd of 17,210 SEC-registered advisers by assets.
Main office 312-553-7890adamsstreetpartners.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $66B
- Rank among private fund advisers
- #132 of 4,686
- Rank among all SEC RIAs
- #363 of 17,210
- Rank in Illinois
- #25 of 684
- Clients
- 373
- Accounts
- 405
- Discretionary
- 88% of AUM
- Employees
- 318
- Advisory staff
- 190
- Offices
- 9
Owners and executives on its Form ADV
- Taylor B. FrenchChairman, Board of Directors
- Jeffrey T. DiehlManaging Partner, Head of Investments and Partner
- Kevin F. O'DonnellGlobal Head of Business Development and Investor Relations; Partner
- Jeffrey B. AkersHead of Secondary Investments and Partner
- John P. AmboianDirector
- Matthew H. ScanlanDirector
- William B. SacherHead of Private Credit and Partner
- Miguel GonzaloHead of Investment Strategy and Risk Management; Partner
- David BrettCo-Head of Co-Investments and Partner
- Robin MurrayHead of Growth Equity Investments and Partner
- Sara R. DasseChief Compliance Officer, Executive Vice President and Partner
- Eric MansellChief Legal Officer, Executive Vice President, Secretary and Partner
Custody and brokerage
3 custodians
- HSBC Bank$1.9B62%
- DZ Privatbank S.A.$710M24%
- Banque Pictet & CIE$437M14%
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 373 | $61B | 92% |
| Other investment advisers | – | $4.4B | 7% |
| State or municipal government entities | – | $851M | 1% |
| Insurance companies | – | $129M | <1% |
| Corporations or other businesses | – | $96M | <1% |
| Pension and profit sharing plans | – | $18M | <1% |
Private funds
Adams Street Partners, LLC reports 327 private funds with $61B in gross assets: private equity funds, venture capital funds (Form ADV Item 7.B).
Disciplinary disclosures
Adams Street Partners, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗adamsstreetpartners.com ↗
AtlasMembers
The full record on Adams Street Partners, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 306 peers of its type and size
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- Owners and executives, with titles and stakes
- 17 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Adams Street Partners, LLC manage?
Adams Street Partners, LLC reports $66.5 billion in regulatory assets under management across 405 accounts, 88% of it on a discretionary basis, on its Form ADV filed June 17, 2026.
What kind of firm is Adams Street Partners, LLC?
Adams Street Partners, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Adams Street Partners, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($60.9 billion, 373 clients); other investment advisers ($4.4 billion); state or municipal government entities ($851 million).
Does Adams Street Partners, LLC manage private funds?
Yes. It reports 327 private funds with $60.6 billion in gross assets, including private equity funds, venture capital funds.
Does Adams Street Partners, LLC have any disciplinary history?
Adams Street Partners, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Adams Street Partners, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-17), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →