Adams Street Partners targets up to $350m for Asia fund-of-funds

Seoul, South Korea. Photo: Yohan Cho/Unsplash

US-based private equity investor Adams Street Partners is targeting up to $350 million for its Asia fund-of-funds, a vehicle that will focus on the smaller-to-mid end of the market with exposure to secondary and co-investments.

Adams Street Asia Fund 2020 LP has a capacity of $200-350 million, targeting Asian buyout, venture and growth equity, according to a presentation by the Ventura County Employees’ Retirement Association (VCERA), a limited partner (LP) in Adams Street Partners funds.

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