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Laxman Pai, Opalesque Asia:

Global private markets investment manager Adams Street Partners has completed fundraising for its Co-Investment Fund V, closing the oversubscribed program with more than $1.3 billion of committed capital.

The investment management firm with more than $52 billion of assets under management said in a media release that the Fund V program saw high demand globally, exceeding original targets and showing a strong representation from existing and new investors.

The successful close of Fund V raises total Co-Investment strategy assets to $4.2 billion. Fund V expects to target approximately 50 investments with industry-leading general partners (GPs) globally.

"Adams Street's dedicated Co-Investment team and long-term partnerships with GPs help enable us to source high-conviction opportunities around the world," said David Brett, Partner & Head of Co-Investments. "This close validates our clients' confidence in the Co-Investment program and we are excited to put this capital to work over the next few years."

"Our diversified platform and the deal pipeline are designed to give our clients exposure to high-quality co-investments across Adams Street's private markets investment platform while also serving as a capital solutions provider to our premier GP partners," said Jeff Diehl, Managing Partner and Head of Investments.

"The Adams Street platform is built upon 50 years of knowledge and GP relationships. Access to these unique insigh......................

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