Endnotes
- References to “Adams Street” or the “firm” refer to Adams Street Partners, LLC.
- The funds intend to provide shareholders with access to private markets investments that typically are available only to larger institutional investors.
- Although the shares are registered under the Securities Act of 1933, as amended, the shares will only be sold to persons or entities that are “qualified clients,” as defined in Rule 205-3 under the Investment Advisers Act of 1940, as amended. The qualification required to invest in the fund will appear in subscription documents that must be completed by each prospective investor.
- Eligibility country dependent and subject to local applicable law.
- Investments identified as “venture growth co-investments” include those which may have been made either as (i) a direct investment into an identified portfolio company or (ii) part of a co-investment made alongside a private fund sponsor, in each case in accordance with Adams Street’s Investment Allocation Policy, as may be modified from time to time. As part of its co-investment strategy, the Fund will typically target venture capital and growth opportunities, and to a lesser extent the Fund will target the following transaction types: leveraged buyout; public to private; recapitalization; and development capital. Pursuant to such Investment Allocation Policy and depending on the strategy or product, substantially similar investments may be described using a different investment classification across the broader Adams Street platform. Adams Street has historically had different investment teams responsible for making buyout co-investments, venture growth investments and venture co-investments; Adams Street may, from time to time, change the investment focus of teams.
Important Disclosure Information
ASPEN Lux and AVNGR Lux
This is a marketing communication. Please refer to the relevant key information document (KID) and prospectus before making a final investment decision.
Adams Street SICAV SA (the “Umbrella Fund”) is an investment company with variable share capital and an investment fund subject to part II of the 2010 law (société d’investissement à capital variable –fonds d’investissement soumis à la partie II de la loi 2010). The Umbrella Fund is composed of one or more sub-funds, including Adams Street Private Equity Global and Adams Street Venture & Growth Fund (together, the “Sub-Funds”), which may be created from time to time. An investment in any of the Sub-Funds involves risk, including possible loss of principal.
The following is a summary of the risks relevant to an investment in each of the Sub-Funds; it is not a complete list of the relevant risks. A comprehensive list of risks relating to each of the Sub-Funds is available in the confidential prospectus prepared for the Umbrella Fund (and the respective supplements thereof pertaining to the relevant Sub-Fund) (the “Prospectus”).
- Risk of Loss; No Guarantee of Past Performance: There can be no assurance that the investments held by a Sub-Fund will be profitable, that there will be proceeds from such investments available for distribution to investors, or that a Sub-Fund will achieve its respective investment objectives. Fund performance may be volatile and an investor could incur a total or substantial loss of its investment. There can be no assurance that projected or targeted returns for a Sub-Fund will be achieved. Past performance does not predict future returns. There can be no assurance any Sub-Fund will achieve its respective objectives or avoid significant losses
- Illiquidity of Fund Interests: An investment in a Sub-Fund should be considered illiquid. An investment in any of the Sub-Funds is not suitable for investors who need access to the money they invest in a specified timeframe. Although each Sub-Fund plans to implement a periodic redemption program, redemptions will be subject to restrictions and there is no guarantee that any of the Sub-Funds will be able to make such redemptions. There are also restrictions on transfer and interests in any of the Sub-Funds will not be exchangeable for interests in another fund. As a result, an investor may not be able to sell or otherwise liquidate his or her shares. There will be a substantial period of time between the date as of which investors must submit a request to have their shares repurchased and the date they can expect to receive payment for their shares from the relevant Sub-Fund.
- Dependence on Adams Street, the Adviser and their affiliates: Investors will be dependent on Adams Street, Adams Street Advisors, LLC (the “Adviser”) or their affiliates for the management of the Sub-Funds as well as for high-quality deal flow. There can be no assurance that Adams Street, the Adviser or their affiliates will be able to maintain their professional networks, including their relationships with underlying sponsors of investment opportunities.
The information herein is presented for informational purposes only and does not constitute a solicitation or offer by Adams Street, the Adviser or their affiliates to buy or sell any securities of any kind or provide any investment advice or service. The information provided herein should not be construed in any way as tax, capital, accounting, legal or regulatory advice. Investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision. Opinions expressed are subject to change at any time and are not guaranteed and should not be considered investment advice.
Please note that each of the Sub-Funds may decide to terminate the arrangements made for the marketing of the Fund in one or more EU member states pursuant to (i) the marketing passport in accordance with Article 32 of Directive 2011/61/EC (the “AIFM Directive”) and/or (ii) the national laws applicable to marketing to retail investors as referred to in Article 43 of the AIFM Directive. A summary of investor rights is available at each Sub-Fund’s website.
ASPEN and AVNGR
An investor should consider the investment objectives, risks, charges and expenses of ASPEN and AVNGR carefully before investing. The prospectus for each fund contains this and other information about the investment company and may be obtained by visiting https://aspen.evergreen-funds.adamsstreetpartners.com/key-facts-documents/, the SEC’s website at www.sec.gov or by calling 844-705-0580. The prospectus for each fund should be read carefully before investing.
There can be no assurance that ASPEN or AVNGR will achieve its investment objectives, and neither the Fund nor Adams Street guarantees any level of return or risk on investments. The information provided herein is not an offer to sell fund shares and is not soliciting an offer to buy fund shares in any jurisdiction where the offer or sale is not permitted.
An investment in ASPEN and AVNGR involves risk, including possible loss of principal.
Foreside Fund Services, LLC is the distributor for ASPEN and AVNGR only.
ASCEND
This website is for information purposes only. The content on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Additionally, this website is not directed at any specific jurisdiction and should not be considered a solicitation to buy or an offer to sell securities in any jurisdiction where it would be unlawful under the securities law of that jurisdiction.
Foreside Fund Services, LLC is the placement agent for Adams Street Advisors, LLC. Foreside Fund Services, LLC is not affiliated with Adams Street Advisors, LLC.
For information regarding how we collect, use, disclose, and otherwise process personal data in connection with the services that we offer, please refer to our https://www.adamsstreetpartners.com/privacy-notice/.
