# Adams Street Partners, LLC

> 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.

- CRD: 109358
- Filed as: ADAMS STREET PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: June 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109358
- AdvisorCensus page: https://advisorcensus.com/firm/adams-street-partners-llc-chicago-il-109358

## Quick answers

**How is Adams Street Partners, LLC compensated?**
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. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Adams Street Partners, LLC located?**
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).

**Is Adams Street Partners, LLC registered with the SEC or a state?**
Adams Street Partners, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 109358.

**How much does Adams Street Partners, LLC manage?**
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).

**How have Adams Street Partners, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Adams Street Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (373).

**Which custodians does Adams Street Partners, LLC use?**
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.

**Does Adams Street Partners, LLC report any disciplinary disclosures?**
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

**What changed in Adams Street Partners, LLC's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Banque Pictet & CIE
- DZ Privatbank S.A.
- HSBC Bank

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.

### Regulatory assets under management (Item 5.F)
- Total: $66,491,435,004
- Discretionary: $58,688,294,539
- Non-discretionary: $7,803,140,465

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 373 | $60,949,829,535 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $18,059,288 |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $850,715,351 |
| Other investment advisers | Fewer than 5 | $4,447,690,471 |
| Insurance companies | Fewer than 5 | $128,769,180 |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | $96,371,179 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2000 (25 years)
- Employees: 318 total, 190 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, IL, MA, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Austin, TX
- Beijing
- Boston, MA
- Hong Kong Island
- London
- Menlo Park, CA
- New York, NY
- Singapore

### Websites listed on Form ADV (Item 1.I)
- [adamsstreetpartners.com](https://adamsstreetpartners.com)
- [pws.adamsstreetpartners.com](https://pws.adamsstreetpartners.com)
- LinkedIn @ADAMS-STREET-PARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $39,942,185,355 | 186 | September 30, 2021 |
| October 2022 | $51,547,362,651 | 220 | August 31, 2022 |
| October 2023 | $51,915,260,870 | 263 | June 26, 2023 |
| October 2024 | $56,097,229,821 | 295 | June 7, 2024 |
| October 2025 | $59,452,308,318 | 325 | July 31, 2025 |
| October 2026 | $66,491,435,004 | 318 | June 17, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Adams Street Partners, LLC (CRD 109358): Form ADV filing data as of October 2026.