2024 Summer Intern

Job Description

Overview: Adams Street Partners (“Adams Street”) is a global private markets investment manager, operating in more than thirty countries across five continents. With five decades of experience and more than $51 billion in assets under management, Adams Street prides itself on the depth and breadth of its global investment capabilities and provides investors with differentiated access to the spectrum of the private markets strategies.
Adams Street has offices in Austin, Beijing, Boston, Chicago, London, Munich, Menlo Park, New York, Seoul, Singapore, Sydney and Tokyo. 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 pioneer in the private markets and was inducted into the Private Equity Hall of Fame in 2000 in recognition of the firm’s contributions. Adams Street became an independent entity in 2001 and a 100% employee-owned firm in 2008.
As an employee-owned firm, Adams Street believes in a culture of inclusiveness and collegiate achievement, and strives to imbue the highest standards of integrity, respect, and teamwork into all aspects of the organization. Adams Street is governed by a set of guiding principles which prioritize two goals: provide exceptional client service and deliver top-tier investment returns. Responsibilities: About the Product Strategy Team The Product Strategy Team is responsible for leading the firm’s efforts to develop innovative product solutions that meet the evolving needs of the firm’s clients. Reporting to the Head of Product Strategy, this individual will be responsible for providing research to drive and support strategic product direction across multiple channels. We are seeking an entrepreneurial team member who thrives at the intersection of research and innovation.
About the Primary Investment Team The Primary Investment Team at Adams Street invests in venture, buyout, and credit funds at the time they are being raised. The team has been an active investor in private equity funds since 1979 and has longstanding relationships with some of the world’s most sought-after general partners. The team has a broad global mandate and invests in funds across a range of geographies, stages, and subclasses. The Primary team has consistently delivered strong risk-adjusted returns and record distributions across multiple business cycles.
About the Secondary Investment Team Adams Street’s secondary investment team consists of 15 professionals globally. To date, Adams Street has closed on over 250 secondary transactions, ranging from traditional acquisitions of limited partnership interests from other private equity fund investors to more complex, structured acquisitions of portfolios of direct company interests and creative liquidity solutions to fund managers.
About the Co-Investment Team The Co-Investment Team at Adams Street invests directly into companies alongside leading private equity managers. The team has a broad global mandate that invests in companies of all sizes, industries and geographies. The firm has been an active co-investor having committed over $2.6 billion to over 185 companies since 1989. The team leverages the firm’s knowledge base and relationships across the primary, secondary, private credit and venture/growth teams. The Co-Investment Team’s disciplined and balanced approach to investing has generated exceptional long-term returns.
About the Private Credit Team The Private Credit team was founded six years ago and has experienced significant growth. The team manages $6bn in assets with ongoing plans to develop new credit strategies. The team includes 14 investment professionals. Analysts will work with junior and senior investment professionals in reviewing new investment opportunities and monitoring existing investments as well as work with other members across the firm on strategic projects. Private credit delivers reliable, creative, and compelling financing solutions to support private equity sponsors in M&A, leveraged buyouts, refinancing, recapitalizations, and special situation/opportunistic transactions.
About the Growth Equity Investments Team Adams Street’s Growth Equity investment team consists of 11 professionals with a focus on investing in rapidly growing, multi-stage, category-leading software, mobile, healthcare, security, and financial technology companies. We apply our global expertise and network of resources to support the growth of each of our portfolio companies.
About the Investment Strategy & Risk Management (ISRM) Team The ISRM team is responsible for the oversight of and input into the Firm’s top-down portfolio construction and ensuring client portfolios appropriately capture the firm’s bottom-up investment recommendations. The Intern Analyst will focus on assisting our Operational Due Diligence (ODD) team in the review, monitoring, and management of operational risk oversight activities concerning Adams Street’s external general partner (GP) managers across the Firm’s investment strategies. Qualifications: Adams Street’s Summer Analyst Program is a 10-week internship experience that provides an engaging and highly educational experience to undergraduates seeking to build a career in investing management. Our Summer Analysts gain a broad range of investment exposure by providing research, analytical and deal process support to our teams. The Summer Analyst Program is designed for candidates entering their penultimate year of study and rising seniors who are pursuing their bachelor’s degree, ideally in business, finance or economics. The firm is highly committed to the Summer Analyst Program, and it is the main pipeline into our full-time Investment Analyst Program. Top performers will have an opportunity to join the firm in a full-time analyst capacity after graduation.
Our Summer Analysts will work in one or a combination of the following business areas:

• Co-Investments (Chicago or New York)
• Growth Equity (Menlo Park)
• Primary Investments (Chicago)
• Private Credit (New York)
• Product Strategy (New York)
• Secondary Investments (Chicago)

Key Candidate Attributes Here at Adams Street Partners, we hold ourselves to high standards and expect no less of our internship applicants. Ideal candidates must have a geniune interest in alternative investments. Additional characteristics of a successful Summer Analyst at our firm are:

• 
  Strong academic credentials (high GPA, reputable university) with a major in finance, business, economics or other related studies
• Strong excel proficiency required, with prior financial modeling experience preferred
• Excellent technical foundations in corporate finance and accounting
• History of relevant internship experience, schoolwork, and/or extracurricular activity in the private equity, investment banking, investment management, valuations, or M&A
• High degree of resourcefulness in conducting research and analysis
• Demonstrable initiative, commitment toward excellence in work and great attention-to-detail
• Self-disciplined, takes accountability and operates with integrity
• Team oriented with a heavy emphasis on written and verbal communication

About the Summer Analyst / Internship Program Adams Street Partners is committed to providing all Summer Analysts with a foundational understanding of the private markets industry. Highlights of our program include:

• Participation in cross-firm training sessions designed to offer visibility on the activities of different teams
• Access to internal training resources and the guidance of a mentor to bridge the educational gap
• Exposure to deal flow, strategy and operations as an observer in investment team meetings
• Human Resources sessions on professionalism in the workplace and career path coaching
• Active engagement with employees through summer social and networking events

Applications will close on July 31, 2023.