Firm profile

Adams Street Partners, LLC

CHICAGO, ILCRD 109358Registration Status: ApprovedEffective since November 30, 2000SEC # 801-58169Latest ADV June 17, 2026

Adams Street Partners, LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in Chicago, IL. Its latest Form ADV filing, dated June 17, 2026, reports $66.5B in regulatory assets under management, 318 employees, 9 offices, and 405 accounts.

Assets Under Management
$66.5B
Employees
318
Offices
9 offices
Total Clients
373

Associated firm names

3 names listed
  • ADAMS STREET PARTNERS, INC.
  • ASP CAPITAL
  • ADAMS STREET PARTNERS, LLC

Leadership

3 roles identified
CCOSara R. Dasse
CFOMichael E. Kurlander
COOMichael E. Kurlander

Advisory services offered

2 types reported
Portfolio management for businesses
Portfolio management for pooled investment vehicles

Fee models offered

2 types reported
Asset based fees
Performance-based fees

Offices & Contact

Primary office

CHICAGO, Illinois, United States

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Illinois

CHICAGOPrimary office

California

MENLO PARK

China

BEIJING

Hong Kong

HONG KONG ISLAND

Massachusetts

BOSTON

New York

NEW YORK

Singapore

SINGAPORE

Texas

AUSTIN

United Kingdom

LONDON

9 office records listed · 9 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$66.5Bas of June 17, 2026
Discretionary88.3%
$58.7B
88% of total RAUM88.3%
Non-discretionary11.7%
$7.8B
12% of total RAUM11.7%
Regulatory assets under management are split between discretionary and non-discretionary assets.

Client Coverage Demographics

Top client segmentPooled Investment Vehicles represent 100.0% of total clients.
Top client categories% of clientsClients
1
Pooled Investment Vehicles
100.0%
373
Categories with <5 clients
Corporations or other businesses not listed above<5 clients
Insurance companies<5 clients
Other categories<5 clients

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$66.5B
Total Accounts405
10Y AUM Change+$44.6B (+203.4%)

Private Funds

Private funds reported by Adams Street Partners, LLC

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees318
Clients per Employee1:1
10Y Employee Change+173 (+119.3%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
ADAMS STREET ASSOCIATES, L.P.Direct owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
75%+
JEFFREY THOMAS DIEHLDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
5% to < 10%
KEVIN FRANCIS O'DONNELLDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
JEFFREY BOWEN AKERSDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
WILLIAM BENNETT SACHERDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
Miguel GonzaloDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
David BrettDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
Robin MurrayDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
Sara Robinson DasseDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
ERIC MANSELLDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
ALICIA PANDODirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
BRIJESH JEEVARATHNAMDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
MICHAEL EVAN KURLANDERDirect owner · Schedule AInterest in ADAMS STREET PARTNERS, LLC
< 5%
JEFFREY THOMAS DIEHLIndirect owner · Schedule BInterest in ADAMS STREET ASSOCIATES, L.P.
25% to < 50%
ERIC MANSELLIndirect owner · Schedule BInterest in ADAMS STREET ASSOCIATES, L.P.
25% to < 50%
TAYLOR BONDURANT FRENCHIndirect owner · Schedule BInterest in ADAMS STREET ASSOCIATES, L.P.
25% to < 50%

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Adams Street Partners, LLC.

Reported ownership and control details

Form ADV · Filing date 2026-06-17 · Schedules A and B

22 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1ADAMS STREET ASSOCIATES, L.P.MEMBER OF ADAMS STREET PARTNERS, LLCDomestic entityADAMS STREET PARTNERS, LLC75% or moreCode EYesMEMBER OF ADAMS STREET PARTNERS, LLC01/2001Schedule APDF page 1581
2TAYLOR BONDURANT FRENCHCHAIRMAN, BOARD OF DIRECTORSIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesCHAIRMAN, BOARD OF DIRECTORS01/2018Schedule APDF page 1581
3JEFFREY THOMAS DIEHLMANAGING PARTNER, HEAD OF INVESTMENTS AND PARTNERIndividualADAMS STREET PARTNERS, LLC5% to less than 10%Code AYesMANAGING PARTNER, HEAD OF INVESTMENTS AND PARTNER07/2015Schedule APDF page 1581
4KEVIN FRANCIS O'DONNELLGLOBAL HEAD OF BUSINESS DEVELOPMENT AND INVESTOR RELATIONS; PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesGLOBAL HEAD OF BUSINESS DEVELOPMENT AND INVESTOR RELATIONS; PARTNER08/2016Schedule APDF page 1581
5JEFFREY BOWEN AKERSHEAD OF SECONDARY INVESTMENTS AND PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesHEAD OF SECONDARY INVESTMENTS AND PARTNER10/2016Schedule APDF page 1581
6JOHN PETER AMBOIANDIRECTORIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesDIRECTOR03/2017Schedule APDF page 1581
7MATTHEW HOWARD SCANLANDIRECTORIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesDIRECTOR04/2018Schedule APDF page 1581
8WILLIAM BENNETT SACHERHEAD OF PRIVATE CREDIT AND PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesHEAD OF PRIVATE CREDIT AND PARTNER02/2018Schedule APDF page 1581
9Miguel GonzaloHEAD OF INVESTMENT STRATEGY AND RISK MANAGEMENT; PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesHEAD OF INVESTMENT STRATEGY AND RISK MANAGEMENT; PARTNER01/2019Schedule APDF page 1581
10David BrettCO-HEAD OF CO-INVESTMENTS AND PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesCO-HEAD OF CO-INVESTMENTS AND PARTNER05/2020Schedule APDF page 1581
11Robin MurrayHEAD OF GROWTH EQUITY INVESTMENTS AND PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesHEAD OF GROWTH EQUITY INVESTMENTS AND PARTNER05/2020Schedule APDF page 1581
12Sara Robinson DasseCHIEF COMPLIANCE OFFICER, EXECUTIVE VICE PRESIDENT AND PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesCHIEF COMPLIANCE OFFICER, EXECUTIVE VICE PRESIDENT AND PARTNER03/2021Schedule APDF page 1581
13ERIC MANSELLCHIEF LEGAL OFFICER, EXECUTIVE VICE PRESIDENT, SECRETARY AND PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesCHIEF LEGAL OFFICER, EXECUTIVE VICE PRESIDENT, SECRETARY AND PARTNER03/2021Schedule APDF page 1581
14LOUIS ALFRED HOLLANDDIRECTORIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesDIRECTOR01/2022Schedule APDF page 1581
15ALICIA PANDOCHIEF TECHNOLOGY OFFICER AND PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesCHIEF TECHNOLOGY OFFICER AND PARTNER08/2022Schedule APDF page 1581
16BRIJESH JEEVARATHNAMPARTNER AND GLOBAL HEAD OF FUND INVESTMENTSIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesPARTNER AND GLOBAL HEAD OF FUND INVESTMENTS01/2023Schedule APDF page 1582
17MICHAEL EVAN KURLANDERCHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER AND PARTNERIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesCHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER AND PARTNER01/2026Schedule APDF page 1582
18JEFFREY WAYNE COLINDIRECTORIndividualADAMS STREET PARTNERS, LLCLess than 5%Code NAYesDIRECTOR05/2026Schedule APDF page 1582
19ADAMS STREET ASSOCIATES, LLCGENERAL PARTNER OF ADAMS STREET ASSOCIATES L.P.Domestic entityADAMS STREET ASSOCIATES, L.P.Percentage not specifiedCode FYesGENERAL PARTNER OF ADAMS STREET ASSOCIATES L.P.01/2001Schedule BPDF page 1582
20JEFFREY THOMAS DIEHLMEMBER OF ADAMS STREET ASSOCIATES, LLCIndividualADAMS STREET ASSOCIATES, L.P.25% to less than 50%Code CYesMEMBER OF ADAMS STREET ASSOCIATES, LLC01/2019Schedule BPDF page 1582
21ERIC MANSELLMEMBER OF ADAMS STREET ASSOCIATES, LLCIndividualADAMS STREET ASSOCIATES, L.P.25% to less than 50%Code CYesMEMBER OF ADAMS STREET ASSOCIATES, LLC04/2024Schedule BPDF page 1582
22TAYLOR BONDURANT FRENCHMEMBER OF ADAMS STREET ASSOCIATES, LLCIndividualADAMS STREET ASSOCIATES, L.P.25% to less than 50%Code CYesMEMBER OF ADAMS STREET ASSOCIATES, LLC04/2026Schedule BPDF page 1582

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 6/17/2026 6:27:38 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.