{
  "crd_number": 109358,
  "slug": "adams-street-partners-llc-chicago-il-109358",
  "primary_business_name": "ADAMS STREET PARTNERS, LLC",
  "legal_name": "ADAMS STREET PARTNERS, LLC",
  "dbas": [],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2000-11-30",
  "years_registered": 25,
  "period": "2026-10-01",
  "filing_date": "2026-06-17",
  "carried_forward": false,
  "raum_total": 66491435004.0,
  "raum_discretionary": 58688294539.0,
  "raum_non_discretionary": 7803140465.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 318,
  "advisory_employees": 190,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": null,
      "count": 0
    },
    "charitable": {
      "raum": null,
      "count": 0
    },
    "individuals": {
      "raum": null,
      "count": 0
    },
    "banking_thrift": {
      "raum": null,
      "count": 0
    },
    "state_municipal": {
      "raum": 850715351.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 128769180.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": null,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 18059288.0,
      "count": null,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 4447690471.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": null,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 60949829535.0,
      "count": 373
    },
    "corporations_other_businesses": {
      "raum": 96371179.0,
      "count": null,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": null,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "IL",
    "MA",
    "NY",
    "TX"
  ],
  "websites": [
    "https://adamsstreetpartners.com",
    "https://linkedin.com/COMPANY/ADAMS-STREET-PARTNERS",
    "https://pws.adamsstreetpartners.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109358",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/adams-street-partners-llc-chicago-il-109358",
  "display_name": "Adams Street Partners, LLC",
  "summary": "Adams Street Partners, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 17, 2026.",
  "citation": "AdvisorCensus. Adams Street Partners, LLC (CRD 109358): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Adams Street Partners, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Adams Street Partners, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Adams Street Partners, LLC located?",
      "a": "Adams Street Partners, LLC's principal office is in Chicago, IL, according to its Form ADV; the July 2026 filing also lists 8 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Adams Street Partners, LLC registered with the SEC or a state?",
      "a": "Adams Street Partners, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 109358."
    },
    {
      "q": "How much does Adams Street Partners, LLC manage?",
      "a": "Adams Street Partners, LLC reports $66,491,435,004 in regulatory assets under management in its Form ADV filing dated June 17, 2026 (88% discretionary)."
    },
    {
      "q": "How have Adams Street Partners, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Adams Street Partners, LLC: Regulatory assets under management: $39,942,185,355 in the October 2021 data and $66,491,435,004 in the October 2026 data, up 66%. Total employees: 186 in October 2021 and 318 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Adams Street Partners, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (373)."
    },
    {
      "q": "Which custodians does Adams Street Partners, LLC use?",
      "a": "Adams Street Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Banque Pictet & CIE, DZ Privatbank S.A. and HSBC Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Adams Street Partners, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/109358"
    },
    {
      "q": "What changed in Adams Street Partners, LLC's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 39942185355.0,
      "total_employees": 186,
      "filing_date": "2021-09-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 51547362651.0,
      "total_employees": 220,
      "filing_date": "2022-08-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 51915260870.0,
      "total_employees": 263,
      "filing_date": "2023-06-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 56097229821.0,
      "total_employees": 295,
      "filing_date": "2024-06-07"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 59452308318.0,
      "total_employees": 325,
      "filing_date": "2025-07-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 66491435004.0,
      "total_employees": 318,
      "filing_date": "2026-06-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 157 to 190.",
        "Added an office in Hong Kong Island.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Banque Pictet & CIE",
      "name_as_filed": "BANQUE PICTET & CIE",
      "affiliated": false
    },
    {
      "name": "DZ Privatbank S.A.",
      "name_as_filed": "DZ PRIVATBANK S.A.",
      "affiliated": false
    },
    {
      "name": "HSBC Bank",
      "name_as_filed": "HSBC BANK",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/adams-street-partners-llc-chicago-il-109358.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 373,
      "fewer_than_5": false,
      "raum": 60949829535.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 18059288.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 850715351.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 4447690471.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 128769180.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 96371179.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109358",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}