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Adams Street Partners closes fundraising for 1st private credit program

Private markets investment management firm Adams Street Partners LLC closed fundraising for its first private credit program, saying it has approximately $1.1 billion of investment capacity, including leverage.

The strategy attracted commitments from public and corporate pension plans, insurance companies, foundations, family offices and high-net-worth individuals across the globe.

About $500 million has been deployed across 22 investments since the launch of the strategy in 2016.