Private markets investment firm Adams Street Partners has launched a Luxembourg-domiciled, open-ended evergreen vehicle.
The Adams Street Private Equity Global Fund (ASPEN Lux) is designed to provide professional and eligible investors outside of the U.S. with institutional-quality private equity opportunities, the company said in a statement.
ASPEN Lux offers access to a globally diversified portfolio with a focus on small and mid-market buyouts. It targets segments experiencing structural, durable growth with an emphasis on the technology and healthcare sectors.
The fund is available in EUP, GBP and USD-denominated share classes with a minimum initial subscription of $100,000. It is intended for distribution in select jurisdictions outside the U.S.
The fund offers monthly subscriptions and quarterly liquidity subject to availability. This is designed to give investors a “more flexible structure that supports ongoing capital deployment and efficient capital recycling,” the statement noted.
“ASPEN Lux represents the continued evolution of our evergreen solutions, enabling qualified investors across Europe, the U.K., and Asia to participate in our global private equity platform,” Jeffrey Diehl, managing partner and head of investments stated.
Adams Street, which has more than $65 billion in assets under management, provides private equity and private credit strategies to institutional investors, growth capital to companies and evergreen funds that offer access to multiple strategies.
Photo by Fit Ztudio via Shutterstock
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