Adams Street Partners (“Adams Street”) is a global private markets investment manager that has nearly $76 billion* in assets under management. The firm is 100% employee-owned, which fosters a positive and unique culture of collaboration, intellectual rigor, integrity, and a commitment to professional development. For the eighth year in a row, Adams Street was named one of Pension & Investments’ Best Places to Work in Money Management in 2025.

Employees operate as a single global team, integrating the expertise of the firm’s investment professionals across five strategies: primary investments, secondary investments, growth equity, private credit, and co-investments. Adams Street is considered a private markets pioneer and was inducted into the Private Equity Hall of Fame in 2000.

The firm was founded more than 50 years ago, and clients include leading public and corporate pension plans, foundations, endowments, insurance companies, registered investment advisors, and high net worth individuals worldwide.

Adams Street has offices in Abu Dhabi, Austin, Beijing, Boston, Chicago, Hong Kong, London, Munich, Menlo Park, New York, Seoul, Singapore, Sydney, Tokyo and Toronto.

*As of June 30, 2026. Adams Street Partners’ methodology to calculate Assets Under Management (AUM) is based on fund net asset value (NAV), plus unfunded commitments, plus leverage, but excluding the effect of subscription lines of credit. The prior AUM methodology was based on investor commitments minus commitments to fully liquidated underlying partnerships. Such change in methodology was effective July 2026; however, for periods shown prior to December 31, 2025, Adams Street continues to use the previous methodology. This updated methodology more closely aligns with (i) the amount of assets managed on behalf of investors and (ii) the amount of capital available to make direct and/or partnership investments. Amounts stated by investment advisers in regulatory filings (“regulatory AUM”) have a prescribed methodology, which may, in some circumstances, differ from the methodology such adviser uses for other purposes, including marketing efforts. Additional information is available upon request.

Overview

As a member of the Private Equity Operations Team, the Senior Associate, Treasury Operations will provide operational support for Adams Street’s fund investment entities and separate account clients, with a focus on cash movements, wire processing, cash reconciliations, and related internal controls.

This role is an experienced individual contributor who can independently manage day-to-day treasury workflows and apply sound judgment to exceptions. The Senior Associate will have demonstrated knowledge of end-to-end wire processing and will work closely with other internal and external partners to execute transactions accurately, resolve issues, and improve operational processes.

Responsibilities

Responsibilities include, but are not limited to:

Process transactions for fund investment entities and separate account clients, including capital calls, distributions, and other investment-related cash activity.
Initiate, monitor, and settle domestic and international cash wire and FX transactions through the treasury management system and applicable banking platforms.
Apply working knowledge of wire setup, payment workflows, transaction verification, approval requirements, settlement monitoring, and exception resolution.
Follow established security protocols and internal controls for wire processing, escalating unusual, incomplete, or higher-risk activity to the appropriate manager.
Reconcile investment fund cash activity daily and support the resolution of complex or aged reconciliation breaks in partnership with Investment Accounting.
Interact with custodian banks, administrators, investment fund contacts, and other external partners to prevent and resolve operational issues.
Respond to requests for information from internal and external stakeholders with accurate, clear, and timely information.
Contribute to process improvements, application development, testing, automation, and rollout initiatives that improve scalability and reduce manual effort.
Support cross-functional projects with Investment Accounting, Client Operations, Technology, and other teams.
Develop a strong understanding of Adams Street’s investment strategies, private markets operations, and operational infrastructure.
Comply with all internal controls, audit requirements, security measures, compliance standards, and firm policies.

Qualifications

Education and Work Experience

Undergraduate degree required.
4–6 years of relevant experience in treasury operations, cash management, financial operations, or a related function within financial services.
Experience in a high-volume, control-focused environment with responsibility for managing multiple priorities and changing deadlines.
Experience with private equity, private credit, or other private markets asset classes required.
Demonstrated experience processing cash wires and working with banking platforms, including domestic and international payments.
Practical knowledge of wire workflows, including setup, payment release and approval processes, settlement, monitoring, and resolution of exceptions.

Communication

Strong communication skills and the ability to work effectively with colleagues and external contacts across functions and levels of seniority.
Ability to clearly communicate transaction details, issues, risks, and recommended next steps.
Ability to write accurate, clear, concise, and professional messages.

Work Style

Strong sense of ownership and accountability, with the ability to work independently and escalate issues appropriately.
Detail-oriented, process-minded, and precise, with a consistent focus on accuracy and control adherence.
Sound judgment and a proactive, solution-oriented approach to identifying and resolving operational issues.
Collaborative team player who is willing to share knowledge, support team coverage, and contribute to team priorities.
Demonstrated ability to prioritize workflow throughout the day while managing changing deadlines in a fast-paced environment.
Interest in identifying inefficiencies and bringing forward practical ideas for process improvement and automation.

Technical Skills

Advanced Excel skills required; VBA, programming, data analysis, or automation experience is a plus.
Experience with treasury management systems, banking portals, proprietary software programs, and database systems.
Strong working knowledge of wire processing and cash movement workflows; familiarity with FX transactions is preferred.

We offer a competitive U.S. benefits package designed to support health, financial security, and work-life balance. Highlights include medical, dental, and vision coverage; a 401(k) with immediate vesting and employer match; profit sharing; flexible spending accounts (FSA); and paid parental leave, including adoption. Employees also receive generous paid time off, commuter benefits, employer-paid short- and long-term disability and life insurance, and access to additional voluntary benefits.

Illinois Pay Transparency

$90,000—$115,000 USD

Illinois Pay Transparency 90000 - 115000 USD

About the company

Adams Street Partners manages private markets investments for institutional clients worldwide, with over $65 billion in assets under management. It offers five core strategies: Primary Investments (buyout, venture capital, and growth funds), Secondary Investments, Co-investments, Growth Equity, and Private Credit, plus customized solutions and evergreen funds. The firm uses an integrated global platform and proprietary data from tracking over 34,100 companies and relationships with hundreds of global general partners to guide investment decisions. It is fully employee-owned, with a history dating back to 1972, and focuses on providing broad access to private markets through a mix of funds, co-investments, and direct investments.

Company Size

201-500

Company Stage

N/A

Total Funding

$13.2B

Headquarters

Chicago, Illinois

Founded

1972

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Simplify's Take

What believers are saying

Adams Street raised over $5 billion for its latest secondaries program in August 2026.
Alec Kersman joined September 14, 2026 to strengthen global client coverage and product strategy.
The August 2026 Chicago HQ move to 120 South Riverside Plaza signals growth and commitment.

What critics are saying

Kevin O'Donnell retires end-2026, risking investor-relationship disruption during a leadership transition.
July 2026 AUM methodology change complicates comparisons and can mask organic slowdown.
Private markets allocators are shifting to cheaper in-house direct and secondary teams, pressuring fees by 2027.

What makes Adams Street Partners unique

100% employee-owned, Adams Street avoids outside owner conflicts and alignment drift.
Its integrated platform spans primaries, secondaries, co-investments, growth equity, and private credit.
Proprietary data from 34,100 companies sharpens underwriting across long-lived GP relationships.

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Benefits

Hybrid Work Options
Professional Development Budget

Company News

Business Wire

Oct 13th, 2026

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The Pilot News

Oct 13th, 2026

Adams Street launches AVNGR venture evergreen fund with $363.5M in net assets

Adams Street Partners, a private markets firm with more than $76 billion in assets under management, has launched the Adams Street Venture & Growth Fund (AVNGR), an evergreen fund that gives qualified clients ongoing access to venture capital. The fund starts with $363.5 million in net assets from anchor investors. It will be widely available from December 1, 2026, on all major custodian platforms. AVNGR invests mainly in secondaries and venture growth co-investments. It takes monthly subscriptions, with all capital funded up front and no capital calls, and plans quarterly repurchase offers to provide liquidity. "Venture investing has been core to Adams Street's platform for decades," said Mike Lucarelli, partner in wealth management at the firm.

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Oct 5th, 2026

Adams Street names Rina Kozlowski Partner & Head of Human Resources.

Adams Street names Rina Kozlowski Partner & Head of Human Resources. Oct 05, 2026 Experienced global human resources executive to lead talent strategy, organizational development, and culture. CHICAGO, IL - October 5, 2026 - Adams Street Partners, LLC ("Adams Street"), a leading private markets investment management firm with more than $76 billion of assets under management,* announced today that Rina Kozlowski will join the firm as Partner & Head of Human Resources, effective October 1, 2026. Based in Chicago, Kozlowski will lead Adams Street's global Human Resources function, including talent strategy, talent acquisition, organizational development, compensation, and benefits, and will serve on the firm's Operating Committee. The appointment supports Adams Street's continued growth as the firm broadens its global platform and invests in the talent, culture, and organizational capabilities needed to serve a growing and increasingly diverse client base. "Rina is an accomplished human resources leader with deep experience building high-performing teams and strong cultures inside complex, fast-growing organizations," said Mike Kurlander, Partner & Chief Financial Officer/Chief Operating Officer at Adams Street. "Her strategic perspective, her focus on developing talent, and her track record partnering with senior leadership make her an excellent fit for Adams Street. As we continue to grow our platform, Rina will play an important role in ensuring our talent strategy supports our continued growth." Kozlowski joins Adams Street from Citadel, where she spent nearly a decade, most recently as Head of People for Quantitative Strategies, advising senior leadership on talent, culture, and organizational strategy for a global team. Earlier in her career, she held HR leadership roles at KCG Holdings (formerly GETCO and Knight Capital), McKinsey & Company, and Bain & Company. "I have long admired Adams Street's collaborative, people-first culture and its reputation for developing world-class talent," said Kozlowski. "I am excited to join the team and to partner with leadership across the firm to build on that strong foundation as Adams Street continues to grow globally." Kozlowski succeeds Carolyn Flanagan, Senior Partner, who will retire at the end of 2026 following 20 years of leadership at Adams Street. Flanagan will remain actively engaged through year-end to support a seamless transition. "Carolyn has made significant contributions to Adams Street and to our culture over the past two decades," said Jeff Diehl, Managing Partner & Head of Investments at Adams Street. "We are grateful for her leadership, partnership, and dedication to our people, and we appreciate her continued support through this transition." About Adams Street Partners. Adams Street is a global investment firm managing a comprehensive suite of private markets investment solutions. The firm provides private equity and private credit strategies to institutional investors, growth capital to innovative companies, and evergreen funds that offer access to multiple strategies through a single, investor-friendly commitment. The firm also supports wealth advisors with private markets solutions structured to be more flexible and accessible than traditional closed-end funds. With over 50 years of experience, Adams Street leverages deep market insights, global relationships, and proprietary data as it seeks to help investors achieve long-term investment goals. The firm is 100% employee-owned, manages $76 billion in assets, and operates out of 15 offices globally. Visit www.adamsstreetpartners.com. Media Inquiries Rich Myers / Rachel Goun Profile Advisors +1 347 343 2999 [email protected] * Adams Street Partners' methodology to calculate Assets Under Management (AUM) is based on fund net asset value (NAV), plus unfunded commitments, plus leverage, but excluding the effect of subscription lines of credit. The prior AUM methodology was based on investor commitments minus commitments to fully liquidated underlying partnerships. Such change in methodology was effective July 2026; however, for periods shown prior to December 31, 2025, Adams Street continues to use the previous methodology. This updated methodology more closely aligns with (i) the amount of assets managed on behalf of investors and (ii) the amount of capital available to make direct and/or partnership investments. Amounts stated by investment advisers in regulatory filings ("regulatory AUM") have a prescribed methodology, which may, in some circumstances, differ from the methodology such adviser uses for other purposes, including marketing efforts. Additional information is available upon request.

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Alternatives Watch

Sep 28th, 2026

Adams Street names partner for venture secondaries.

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