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- Adams Street Partners
Adams Street Partners portfolio
Adams Street Partners has 12 portfolio companies on record at Recent Funding, with 1 investment in the last 12 months.
About this page
It is a fund of funds based in Chicago, US, founded in 1972. It led 5 of the 10 rounds it joined. Its most recent investment on record is Cyberhaven's $100M Series B+ round in April 2026, which it led, alongside Costanoa Ventures, Khosla Ventures, Wing VC and 6 others. By category, its portfolio leans toward Developer tools and cloud (4) and AI agents (4). It has co-invested with Foundation Capital, Summit Partners and Insight Partners, most often Foundation Capital (3 rounds).
About Adams Street Partners
Fund returns
| Fund | Vintage | Size | Net IRR | TVPI | DPI | As of |
|---|---|---|---|---|---|---|
| Adams Street Private Credit Fund III-A LP | 2023 | — | 17.5% | 1.27x | 0.46x | Dec 31, 2025 |
| Adams Street SBCERA 2 | 2023 | — | 21.8% | — | 1.27x | Jun 30, 2025 |
| Adams Street Co-Investment Fund V | 2022 | — | 23.0% | 1.45x | 0.00x | Dec 31, 2025 |
| Adams Street Global Secondary Fund 7 | 2022 | — | 21.1% | 1.48x | 0.25x | Dec 31, 2025 |
| Adams Street SBCERA | 2020 | — | 11.3% | — | 1.38x | Jun 30, 2025 |
| Adams Street Co-Investment Fund IV A | 2018 | — | 16.3% | 1.83x | 0.73x | Dec 31, 2025 |
| Adams Street Global Secondary Fund 6 | 2017 | — | 15.9% | 1.60x | 1.07x | Dec 31, 2025 |
| Adams Street 2016 Global Fund | 2016 | — | 14.8% | 1.94x | 0.78x | Dec 31, 2025 |
| Adams Street Venture Innovation | 2016 | — | — | 2.96x | 0.78x | Dec 31, 2025 |
| Adams Street 2015 Non-US Fund | 2015 | — | 22.0% | 2.70x | 1.38x | Sep 30, 2025 |
| Adams Street 2015 US Fund | 2015 | — | 19.9% | 2.40x | 1.11x | Sep 30, 2025 |
| Adams Street Venture/Growth Fund VI | 2015 | — | 6.0% | 1.50x | 0.52x | Sep 30, 2025 |
| Adams Street 2014 Global Fund | 2014 | — | — | 2.29x | 1.31x | Dec 31, 2025 |
| Adams Street 2015 Direct Venture/Growth Fund | 2014 | — | 2.4% | 1.20x | 0.26x | Sep 30, 2025 |
| Adams Street Co-Investment Fund III A | 2014 | — | 17.1% | 2.50x | 1.76x | Sep 30, 2025 |
| Adams Street 2013 Global Fund | 2013 | — | 12.6% | 2.18x | 1.30x | Dec 31, 2025 |
| Adams Street 2012 Global Fund | 2012 | — | — | 2.16x | 1.52x | Dec 31, 2025 |
| Adams Street Global Secondary Fund 5 LP | 2012 | — | 5.8% | 1.35x | 1.12x | Dec 31, 2025 |
| Adams Street Partners Fund | 2012 | — | 11.1% | 1.37x | 1.13x | Sep 30, 2025 |
| Adams Street Partnership Fund 2012, L.P. | 2012 | — | 14.1% | 2.10x | 1.10x | Mar 31, 2023 |
| Adams Street 2011 Emerging Markets Fund | 2011 | — | 11.9% | 2.40x | 1.71x | Sep 30, 2025 |
| Adams Street 2011 Non-US Developed Markets | 2011 | — | 14.0% | 2.20x | 1.62x | Sep 30, 2025 |
| Adams Street 2011 U.S. Fund | 2011 | — | 15.6% | 2.50x | 1.91x | Sep 30, 2025 |
| ASP Direct Fund 2011 | 2011 | — | 13.2% | 2.09x | 1.64x | Jun 30, 2025 |
| Adams Street - 2010 Non-U.S. Emerging Markets | 2010 | — | 9.2% | 2.00x | 1.36x | Sep 30, 2025 |
| Adams Street - 2010 U.S. Fund | 2010 | — | 16.0% | 2.60x | 2.04x | Sep 30, 2025 |
| Adams Street 2010 Direct Fund | 2010 | — | 11.8% | 1.96x | 1.65x | Dec 31, 2025 |
| Adams Street 2011 Direct Fund | 2010 | — | 13.2% | 2.10x | 1.63x | Sep 30, 2025 |
| Adams Street Partnership Fund -2010 Non-U.S. Developed Mkts | 2010 | — | 12.6% | 1.98x | 1.62x | Dec 31, 2025 |
| Adams Street Partnership Fund -2010 Non-U.S. Emerging Mkts | 2010 | — | — | 1.97x | 1.34x | Dec 31, 2025 |
| Adams Street Partnership Fund -2010 U.S. Fund | 2010 | — | 15.8% | 2.52x | 2.02x | Dec 31, 2025 |
| ASP Direct Fund 2010 | 2010 | — | 11.8% | 1.96x | 1.65x | Jun 30, 2025 |
| Adams Street - 2009 Non-U.S. Emerging Marketsn | 2009 | — | 7.8% | 1.80x | 1.35x | Sep 30, 2025 |
| Adams Street - 2009 U.S. Fund | 2009 | — | 14.8% | 2.40x | 2.02x | Sep 30, 2025 |
| Adams Street Partners II | 2009 | — | 10.1% | 1.71x | 1.62x | Sep 30, 2025 |
| ASP Co-Invest II 2009 | 2009 | — | 23.7% | 2.45x | 2.04x | Jun 30, 2025 |
| Adams Street - 2008 Non-U.S. Fund | 2008 | — | 10.3% | 1.90x | 1.84x | Sep 30, 2025 |
| Adams Street - 2008 U.S. Fund | 2008 | — | 15.7% | 2.30x | 2.28x | Sep 30, 2025 |
| Adams Street 2009 Direct Fund | 2008 | — | — | 2.05x | 1.83x | Dec 31, 2025 |
| ASP Direct Fund 2008 | 2008 | — | 15.1% | 2.71x | 2.52x | Jun 30, 2025 |
What Adams Street Partners invests in
- Developer tools and cloud · 4 · 33%
- AI agents · 4 · 33%
- Legal and compliance · 3 · 25%
- Fintech · 3 · 25%
- Data and analytics · 3 · 25%
- HR and recruiting · 2 · 17%
- Sales and marketing · 2 · 17%
- Cybersecurity · 1 · 8%
Adams Street Partners recent investments
| Company | Round | Date | Alongside |
|---|---|---|---|
| Series B+ · $100M · lead | Costanoa Ventures, Khosla Ventures (lead), Wing VC +6 | ||
| Series B+ · $72M · lead | Securian Ventures, LionTree, MetLife +7 | ||
| Series B+ · $70M · lead | none named | ||
| Series B+ · $169M | Sound Ventures, ICONIQ Growth (lead), Granite Capital Management | ||
| Series B+ · $112M | Marty Bicknell, William McNabb, Rex Salisbury +3 | ||
| Series B+ · $300M | General Catalyst, Gaingels, SoftBank Vision Fund (lead) +6 | ||
| Series B+ · $160M · lead | Cisco Investments, DTCP, Sapphire Ventures +5 | ||
| Series B+ · $130M | Foundation Capital, Summit Partners, Sorenson Capital +1 |
How Adams Street Partners invests
| Stage | Deals | Capital in rounds |
|---|---|---|
| Series B+ | 10 100% | $1.18B |
Adams Street Partners portfolio companies
CCyberhaven$100MSeries B+ · Apr 2026
EEmpathy$72MSeries B+ · May 2025
AArize$70MSeries B+ · Feb 2025
AAltruist$169MSeries B+ · May 2024
RRemote$300MSeries B+ · Apr 2022
DDremio$160MSeries B+ · Jan 2022
VVisier$130MSeries B+ · Jun 2021
LLegorabacker
HHomewardbacker
MMyHealthTeamsbacker
AAircallbacker
VVercel'sbacker
| Company | Round with Adams Street Partners | Total raised | Latest raise |
|---|---|---|---|
Cybersecurity |
Series B+ · $100M · lead | $146M | Apr 24, 2026 Series B+ |
Legal and compliance |
Series B+ · $72M · lead | $162M | May 29, 2025 Series B+ |
AI agents |
Series B+ · $70M · lead | $70M | Jun 1, 2026 Series A |
Fintech |
Series B+ · $169M | $491.5M | Apr 22, 2025 Series B+ |
Legal and compliance |
Series B+ · $300M | $346M | Dec 15, 2024 Series B+ |
AI agents |
Series B+ · $160M · lead | $390M | Jan 25, 2022 Series B+ |
Data and analytics |
Series B+ · $130M | $200.5M | May 20, 2026 Series B+ |
Legal and compliance |
backer | $855.5M | May 1, 2026 Series B+ |
AI agents |
backer | $265M | Oct 1, 2026 Series B+ |
Health and bio |
backer | undisclosed | — |
Voice and audio AI |
backer | undisclosed | Jun 6, 2026 Series B+ |
AI coding and devtools |
backer | undisclosed | Sep 30, 2025 Series B+ |
Most frequent co-investors
FFoundation Capital3 shared rounds · last Jun 1, 2021
SSummit Partners3 shared rounds · last Jun 1, 2021
IInsight Partners2 shared rounds · last Apr 26, 2023
SSorenson Capital2 shared rounds · last Jun 1, 2021
KKhosla Ventures1 shared round · last Apr 24, 2026
RRedpoint Ventures1 shared round · last Apr 24, 2026
CCostanoa Ventures1 shared round · last Apr 24, 2026
VVertex Ventures1 shared round · last Apr 24, 2026
WWing VC1 shared round · last Apr 24, 2026
GGerhard Eschelbeck1 shared round · last Apr 24, 2026
CCrane Venture Partners1 shared round · last Apr 24, 2026
AAsh Devata1 shared round · last Apr 24, 2026
Similar investors
VVine Ventures12 companies · 7 deals in 12 mo
SSaga Ventures12 companies · 4 deals in 12 mo
AArray Ventures12 companies · 3 deals in 12 mo
EEvantic Capital11 companies · 10 deals in 12 mo
DDeVC11 companies · 5 deals in 12 mo
AAsymmetric Capital Partners11 companies · 3 deals in 12 mo
Investors whose portfolios on Recent Funding center on the same category (Developer tools and cloud).
How this is counted
Net returns as reported by the public-pension and foundation LPs invested in each fund.
Firm profile and fund returns: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.
Share is of the 10 rounds on Recent Funding that name Adams Street Partners. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.
Portfolio companies are the companies on Recent Funding with a round that lists Adams Street Partners, which is a subset of its real portfolio. API: /api/v1/investors/adams-street-partners (get a free API key). More: the most active VC firms and new venture capital funds.