Adams Street Raises $7.5 Billion for Third Private Credit Fund

Adams Street Partners LLC has raised $7.5 billion for its third private credit vehicle focused on institutional investors, more than double the size of its previous fund, even as the market grapples with a retail exodus.

The fundraise, which includes leverage, increases Adams Street’s total private credit strategy to about $15 billion, according to a statement seen by Bloomberg. The firm’s second private credit fund closed in 2022 after raising more than $3 billion.