Adams Street Partners – a leading private markets investment firm with over $60 billion in assets under management – announced the closing of its oversubscribed Venture Innovation Fund IV Program, securing over $1.2 billion in capital commitments. VIF IV includes a diverse portfolio of venture fund investments, secondaries, and direct investments, which seeks to strategically target exposure to some of the world’s most innovative companies.
Investor demand for the fund was diverse, representing many leading institutional investors, foundations, family offices, and wealth platforms from three continents. And VIF IV exceeded its target and grew over 40% from the previous venture innovation program, highlighting confidence in Adams Street based on its historical performance, team strength, and expertise in venture capital.
Adams Street had closed the Fund despite continued investor demand to maintain discipline around its strategy and portfolio construction while optimizing for what is expected to be an attractive opportunity set across the innovation economy.
Adams Street has been a pioneer in venture capital since the 1970s, with the formal launch of its Venture Innovation Strategy nearly a decade ago. The firm’s presence in the venture ecosystem has fostered deep, multi-decade relationships with top venture managers worldwide, which has provided the firm with differentiated access to many opportunities within the next generation of high-growth companies.
KEY QUOTES:
“Adams Street has been a trusted partner of Accel for decades. Their deep commitment to and understanding of global innovation is exemplified by their early support of Accel across our U.S., Europe, India, and Southeast Asia initiatives. We look forward to our continued partnership that leverages our shared global expertise.”
-Rich Wong, partner at Accel, a leading global venture capital firm
“Venture investing has been a core part of Adams Street’s DNA since our first commitment over four decades ago. We believe our deep institutional knowledge, proprietary data, and the experience of our team in navigating market cycles give us a distinct advantage. We believe venture capital will continue to drive the digital transformation of the global economy, with technologies like artificial intelligence poised to accelerate innovation across every industry, sector, and geography.”
-Brijesh Jeevarathnam, Partner & Global Head of Fund Investments at Adams Street
“Adams Street’s highly selective venture strategy has enabled us to access exceptional opportunities, providing our LPs with exposure to some of the world’s most innovative and cutting-edge companies.”
-Jeffrey Diehl, Managing Partner & Head of Investments at Adams Street
