Original filing (PDF)20251015192510NAL0010938562001

ADAMS STREET PARTNERS, LLC

Name: ADAMS STREET PARTNERS, LLC — ADAMS STREET 2020 US FUND LP, Form 5500 (2024)
Creator: ADAMS STREET PARTNERS, LLC

Form 5500

FILING_RECEIVED

ADAMS STREET 2020 US FUND LP

Pooled investment trust — a fund that other plans invest in — not a participant plan

Signals · 2

~80 bps in Sched C fees7 service providers

Active participants

Accounts w/ balance

—

Plan assets (EOY)

$441.5M

Net assets (EOY)

$435.1M

How this plan invests

1 plans

invest in this fund

This trust

pooled vehicle

159 securities

Schedule of Assets

This is a pooled fund: many plans invest in it, and it holds the underlying securities.

Master trust / DFE filing

Pooled investment vehicle

This filing is a Direct Filing Entity (DFE) — a master trust or collective investment trust that pools assets from multiple participating plans. It does not have plan participants of its own, and the Plan Health Score formula doesn’t apply. Individual participant-facing plans that invest in this trust are the appropriate target for fiduciary analysis.

Pooled assets (EOY)

$441.5M

Net assets (EOY)

$435.1M

Participating plans

latest filings citing this trust

Cited interest

$331.4M

across citing plans' latest filings

Cited interest vs pooled assets: cited interest sums what each participating plan reported holding in this trust, measured at that plan’s own year-end — and those filings span different years. Pooled assets is this single filing’s balance at one date. They’re independent measurements, so cited interest can land slightly above or below the pooled balance and won’t reconcile exactly.

Why no Schedule of Assets here? DFE holdings often live on the master trust’s own audited statement, not as a 4i schedule on the participating plans’ filings. We’re extending the parsing pipeline to cover DFE filings — see Methodology.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for ADAMS STREET PARTNERS, LLC.

Plan sponsor

Name

ADAMS STREET PARTNERS, LLC

EIN

84-2580008

Address

ONE NORTH WACKER DRIVE · STE 2700 · CHICAGO, IL · 606062823

Phone

(312) 553-7890

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Audit & trust (Schedule H)

Auditor

KPMG LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

7 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
ADAMS STREET PARTNERS LP	36-4395128	—	NONE	$3.3M	—
KPMG LLP	13-5565207	—	NONE	$203K	—
INCLOUD, LLC	46-5342154	—	NONE	$25K	—
MAPLES AND CALDER	—	—	NONE	$17K	—
JP MORGAN CHASE BANK	13-4994650	—	NONE	$15K	—
T. ROWE PRICE ASSOCIATES, INC.	52-0556948	—	NONE	$14K	—
APEX ESG RATINGS LTD	—	—	NONE	$9K	—

Investments

159 direct securities· $439.2M(99% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Arcline Capital Partners II	—	—	$13.8M	$23.7M	5.4%
STG VI	—	—	$13.9M	$17.7M	4.0%
Oak HC/FT Partners IV LP	—	—	$13.3M	$17.6M	4.0%
Patient Square Equity Partners LP	—	—	$12.1M	$13.8M	3.1%
Silver Lake Partners VI	—	—	$11.1M	$13.7M	3.1%
TA XIV-A LP	—	—	$12.9M	$13.7M	3.1%
Accel Leaders III LP	—	—	$14.7M	$13.7M	3.1%
Addition One	—	—	$10.7M	$12.8M	2.9%
ABRY Senior Equity VI LP	—	—	$10.4M	$12.1M	2.7%
Andreessen Horowitz LSV Fund II LP	—	—	$12.0M	$11.9M	2.7%
Battery Ventures Select Fund I LP	—	—	$17.0M	$11.0M	2.5%
PPC Fund II	—	—	$7.7M	$10.5M	2.4%
Meritech Capital Partners VII	—	—	$9.0M	$10.4M	2.3%
NFX Capital Fund III LP	—	—	$8.1M	$9.3M	2.1%
GI Partners Fund V	—	—	$5.8M	$7.2M	1.6%
Kelso Investment Associates XI	—	—	$5.8M	$7.2M	1.6%
Venrock Associates IX LP	—	—	$6.9M	$7.1M	1.6%
FTV V	—	—	$1.4M	$6.7M	1.5%
Water Street Orion Fund LP	—	—	$4.8M	$6.1M	1.4%
Beignet DTLD Holdings, LLC	—	—	$1.2M	$5.6M	1.3%
Accuity Delivery Systems	—	—	$1.3M	$5.3M	1.2%
Jade Equity Investors II LP	—	—	$4.5M	$5.2M	1.2%
G Square CV	—	—	$5.2M	$5.1M	1.2%
Serent Capital V LP	—	—	$4.9M	$5.0M	1.1%
Oak HC/FT Partners V LP	—	—	$4.6M	$4.6M	1.0%
Eurazeo Growth Secondary Fund SCSp	—	—	$4.0M	$4.6M	1.0%
IMA Financial Group, Inc.	—	—	$1.8M	$4.6M	1.0%
Vertex Ventures US Fund III	—	—	$5.1M	$4.4M	1.0%
Waterland Strategic Opportunities Fund I	—	—	$1.7M	$4.2M	0.9%
RoundTable Healthcare Partners VI LP	—	—	$3.9M	$4.0M	0.9%
Montagu V+ SCSp	—	—	$2.1M	$3.7M	0.8%
Item 4i - Schedule of Assets (Held At End of Year) Subheader Investments Cost Fair Value ABRY Heritage Partners II	—	—	$3.6M	$3.7M	0.8%
BC Partners Defender Co-Investment LP	—	—	$2.1M	$3.7M	0.8%
Colson Group	—	—	$1.8M	$3.7M	0.8%
Resolute Fund V	—	—	$4.0M	$3.6M	0.8%
Adams Street 2020 US Fund LP 2024 Form 5500, Schedule H FEIN 84-2580008, Plan Number 001 Item 4i - Schedule of Assets (Held At End of Year) Subheader Investments Cost Fair Value Pegasus WSJLL Fund LP	—	—	$3.1M	$3.6M	0.8%
C.H. Guenther 2	—	—	$2.0M	$3.5M	0.8%
Oak Hill Capital Partners V LP	—	—	$1.8M	$3.4M	0.8%
Accel-KKR Capital Partners CV IV LP	—	—	$2.9M	$3.4M	0.8%
Infinite Electronics	—	—	$2.4M	$3.4M	0.8%
Pathstone	—	—	$2.4M	$3.4M	0.8%
Kenco Group	—	—	$1.8M	$3.3M	0.7%
Ensemble Health Partners	—	—	$1.4M	$3.3M	0.7%
North American Science Associates	—	—	$1.1M	$3.3M	0.7%
Prospect Partners III Continuation Fund	—	—	$14K	$3.2M	0.7%
CSafe	—	—	$1.2M	$3.2M	0.7%
Warren Highline - interest LIBOR + 8.00%, maturity Debt/Credit	—	—	$3.0M	$3.1M	0.7%
Resolute Opportunity Fund I	—	—	$3.3M	$2.9M	0.7%
Adams Street 2020 US Fund LP 2024 Form 5500, Schedule H FEIN 84-2580008, Plan Number 001 Item 4i - Schedule of Assets (Held At End of Year) Subheader Investments Cost Fair Value Astorg IQ-EQ Fund	—	—	$1.3M	$2.8M	0.6%
KKR Indigo Equity Partners A LP	—	—	$2.4M	$2.8M	0.6%
Coupa	—	—	$1.8M	$2.8M	0.6%
Strategic Insurance Agency Alliance	—	—	$1.5M	$2.8M	0.6%
HPE Continuation Fund I CV	—	—	$2.4M	$2.6M	0.6%
Greenphire, Inc.	—	—	$2.0M	$2.6M	0.6%
Sagamore China Partners IV LP	—	—	$2.2M	$2.5M	0.6%
Adams Street 2020 US Fund LP 2024 Form 5500, Schedule H FEIN 84-2580008, Plan Number 001 Item 4i - Schedule of Assets (Held At End of Year) Subheader Investments Cost Fair Value McAfee Enterprise	—	—	$1.7M	$2.4M	0.5%
Berkshire Fund VIII, L.P.	—	—	$4.8M	$2.4M	0.5%
Warburg Pincus Private Equity XII	—	—	$1.8M	$2.4M	0.5%
Inovalon	—	—	$1.8M	$2.3M	0.5%
Sagamore China Partners III LP	—	—	$1.8M	$2.3M	0.5%
Advise Health Holdings, LLC	—	—	$1.1M	$2.2M	0.5%
Warren Highline - interest LIBOR + 8.00%, maturity Debt/Credit	—	—	$2.1M	$2.2M	0.5%
New Mountain CAS Continuation Feeder LP	—	—	$2.3M	$2.2M	0.5%
Spectrum Equity X-A	—	—	$2.3M	$2.2M	0.5%
Cherry Bekaert	—	—	$999K	$2.1M	0.5%
Rothwell Ventures I LP	—	—	$1.3M	$2.0M	0.5%
Homrich Berg	—	—	$809K	$2.0M	0.4%
NearU Services	—	—	$2.0M	$2.0M	0.4%
Alma Opportunities I	—	—	$1.8M	$1.9M	0.4%
ProAmpac	—	—	$1.4M	$1.9M	0.4%
WellSky Corporation	—	—	$1.4M	$1.9M	0.4%
GI Sectigo Co-Invest - Saturn Opportunity LP	—	—	$1.3M	$1.8M	0.4%
MIC Capital Partners III Parallel LP	—	—	$1.6M	$1.8M	0.4%
WestCap Strategic Operator Fund LP	—	—	$2.2M	$1.8M	0.4%
Rhapsody	—	—	$1.4M	$1.8M	0.4%
PointClickCare Corp.	—	—	$1.5M	$1.8M	0.4%
Excelitas Technologies 2	—	—	$1.7M	$1.7M	0.4%
Ferraro Foods, Inc.	—	—	$1.7M	$1.6M	0.4%
Icon Software Partners	—	—	$30K	$1.6M	0.4%
FTV IV 0	—	—	—	$1.6M	0.4%
Berkshire Fund IX, L.P.	—	—	$1.2M	$1.6M	0.4%
ABRY Senior Equity V	—	—	$1.1M	$1.5M	0.3%
Berkshire Fund X, L.P.	—	—	$1.2M	$1.3M	0.3%
GI Flexential Co-Invest - Flexential Opportunity LP	—	—	$1.1M	$1.3M	0.3%
MC Private Equity Partners I, LP	—	—	$1.4M	$1.3M	0.3%
Idera, Inc.	—	—	$972K	$1.2M	0.3%
WilliamsMarston	—	—	$1.2M	$1.2M	0.3%
BC Partners XI	—	—	$1.0M	$1.2M	0.3%
Norstella	—	—	$1.1M	$1.1M	0.3%
Panthera Growth I	—	—	$584K	$1.1M	0.3%
Emerald EMS	—	—	$1.1M	$1.1M	0.2%
FTVentures III	—	—	$735K	$1.1M	0.2%
Warren Highline	—	—	$527K	$1.0M	0.2%
Rho Ventures VI	—	—	$1.7M	$968K	0.2%
Idera, Inc.	—	—	$755K	$967K	0.2%
Eurazeo Growth Fund III SLP	—	—	$1.2M	$957K	0.2%
Lion/Simba Investors	—	—	$424K	$904K	0.2%
BC Partners Galileo Fund LP	—	—	$583K	$867K	0.2%
Roark Capital Partners IV LP	—	—	$523K	$693K	0.2%
ABRY Partners IX	—	—	$547K	$678K	0.2%
WestCap Strategic Operator Fund II LP	—	—	$543K	$637K	0.1%
Warburg Pincus Private Equity XI	—	—	$555K	$548K	0.1%
ABRY Partners VIII	—	—	$764K	$520K	0.1%
Roark Capital Partners VI LP	—	—	$313K	$453K	0.1%
Apollo Overseas Partners IX, L.P	—	—	$312K	$436K	<0.1%
Berkshire Fund VIII-A, L.P.	—	—	$730K	$408K	<0.1%
Dodge Data & Analytics	—	—	$43K	$397K	<0.1%
WestCap STUB LLC	—	—	$362K	$372K	<0.1%
Accel-KKR Capital Partners CV IV Strategic LP	—	—	$331K	$327K	<0.1%
Roark Capital Partners III LP	—	—	$364K	$320K	<0.1%
Spectrum Equity Discretionary Overage Program III Buyouts	—	—	$325K	$296K	<0.1%
Carlyle Strategic Partners IV LP	—	—	$267K	$285K	<0.1%
Oaktree Opportunities Fund Xb LP	—	—	$125K	$279K	<0.1%
Riverwood Capital Partners II LP	—	—	$243K	$264K	<0.1%
ABRY Partners VII	—	—	$285K	$227K	<0.1%
ABRY Advanced Securities Fund III 419 ABRY Advanced Securities Fund IV	—	—	$185K	$210K	<0.1%
Roark Capital Partners CKE Co-Investment	—	—	$209K	$203K	<0.1%
Warburg Pincus Private Equity X	—	—	$552K	$153K	<0.1%
GS Mezzanine Partners VII LP	—	—	$44K	$136K	<0.1%
Roark Capital Partners V LP	—	—	$99K	$133K	<0.1%
Oaktree Opportunities Fund IX LP 0	—	—	—	$127K	<0.1%
ABRY Senior Equity IV	—	—	$154K	$118K	<0.1%
RSA Security 992	—	—	—	$111K	<0.1%
Panthera Growth Fund II	—	—	$64K	$98K	<0.1%
Davidson Kempner Long-Term Distressed 0	—	—	—	$96K	<0.1%
Bain Capital Distressed and Special Situations Fund Debt/Credit	—	—	$52K	$96K	<0.1%
HPE PPRO Invest II BV	—	—	$85K	$92K	<0.1%
Carlyle US Equity Opportunity Fund II	—	—	$134K	$91K	<0.1%
Ares Private Credit Solutions	—	—	$41K	$72K	<0.1%
ABRY Heritage Partners	—	—	$53K	$70K	<0.1%
Apollo Overseas Partners VIII	—	—	$97K	$69K	<0.1%
Oaktree Opportunities Fund X	—	—	$2K	$68K	<0.1%
Berkshire Fund VI, Limited Partnership	—	—	$79K	$61K	<0.1%
Berkshire Fund VII, L.P.	—	—	$49K	$58K	<0.1%
Bain Capital Middle Market Credit 2014	—	—	$19K	$45K	<0.1%
WestCap VG LLC	—	—	$41K	$42K	<0.1%
Carlyle Asia Partners IV LP	—	—	$115K	$40K	<0.1%
Petershill II Offshore LP	—	—	$40K	$40K	<0.1%
JPMorgan US Government Money Market Fund	—	—	$37K	$37K	<0.1%
Petershill Private Equity LP	—	—	$31K	$35K	<0.1%
Carlyle Partners V LP 0	—	—	—	$33K	<0.1%
GCM Grosvenor VCP II	—	—	$35K	$30K	<0.1%
Davidson Kempner Long-Term Distressed 0	—	—	—	$17K	<0.1%
Riverwood Capital Partners LP	—	—	$20K	$15K	<0.1%
Riverstone Global Energy & Power Fund V LP 0	—	—	—	$14K	<0.1%
Oaktree Mezzanine Fund IV LP	—	—	$6K	$10K	<0.1%
Carlyle Strategic Partners III LP	—	—	$27K	$8K	<0.1%
Energy Capital Partners Mezzanine Opportunities 0	—	—	—	$7K	<0.1%
Apollo Credit Opportunity Fund III 0	—	—	—	$3K	<0.1%
Broad Street Real Estate Credit Partners II	—	—	$9K	$3K	<0.1%
Icon Partners III	—	—	$2.2M	$3K	<0.1%
Carlyle US Equity Opportunity Fund LP	—	—	—	$3K	<0.1%
ABRY Advanced Securities Fund II 214	—	—	—	$2K	<0.1%
ABRY Partners VI	—	—	—	$2K	<0.1%
Bain Capital Europe Fund III	—	—	$4K	$2K	<0.1%
OCM Mezzanine Fund III LP_A 34 13 OCM Mezzanine Fund III LP_B	—	—	—	$1K	<0.1%
Carlyle Europe Partners III LP	—	—	—	$1K	<0.1%
ABRY Senior Equity III	—	—	$4K	$1K	<0.1%
Riverstone/Carlyle Renewable & Alternative Energy	—	—	$5K	$1K	<0.1%