Form D · Other Investment Fund
Adams Street 2025 Direct Growth Equity Fund LP
Chicago, IL · CIK 0002047172
Offering snapshot reported Sep 19, 2025 · SEC filing
- Reported sold
- $57.5M Indefinite offering
- Investors reported
- 2 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Dec 23, 2024 As reported in this filing
Fundraising history
Reported soldDates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.
What changed?
Latest filing versus its linked predecessor, where available.
- Reported sold$23,340,000 → $57,499,025
- Reported investors1 → 2
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Sep 19, 2025 | Amendment | $57,499,025 | $34,159,025vs Feb 19, 2025 | 2 | SEC filing |
| Feb 19, 2025 | Amendment | $23,340,000 | No comparison | 1 | SEC filing |
| Dec 20, 2024 | Initial | Yet to sell | No comparison | 0 | SEC filing |
Offering details
- Securities
- Other
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- No
- Business combination
- No
- Sales commissions
- $0
- Finders' fees
- $0
- Form D file number
- 021-532955
Total Amount Sold includes amounts sold by affiliated feeder entities of the Issuer, which filed separate Form Ds.
Limited Partnership Interests
The entity in Item 12 will receive a fee for certain investors investing in the Issuer and/or an affiliated fund of the Issuer in an amount equal to a percentage of such investor's commitments to the Issuer and/or an affiliated fund of the Issuer.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| RBC Capital Markets, LLC | 31194 |
Source: Form D, filed Sep 19, 2025. Minimum accepted may differ from a standard advertised minimum.
Fund connections
The linked fund shows its most recently reported ADV details.
Matched by reported Form D file number
ADAMS STREET 2025 DIRECT GROWTH EQUITY FUND LP
Investment adviser: ADAMS STREET PARTNERS, LLC
- Gross asset value
- $11.5M
- Beneficial owners
- 159
- ADV minimum commitment
- $10M
Reported in Form ADV on Jun 17, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- No
- External marketing
- No
KPMG, LLP
PCAOB 185
Filing source
Form ADV 2091189 · Jun 17, 2026 · Schedule D 7.B.(1), fund 805-2102237671
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| N/A Adams Street Partners, Llc | Director |
| Jeffrey B. Akers | Executive |
| N/A Asp Carry Partners A1 Lp | Director |
| Stephen Baranowski | Executive |
| David J. Brett | Executive |
| Sara R. Dasse | Executive |
| Jeffrey T. Diehl | Executive |
| Miguel Gonzalo | Executive |
| Brijesh Jeevarathnam | Executive |
| Mike Kurlander | Executive |
| Michael Kurlander | Executive |
| Eric R. Mansell | Executive |
| Steven Montag | Executive |
| Robin Murray | Executive |
| Kevin O'donnell | Executive |
| Alicia Pando | Executive |
| William Sacher | Executive |
| James Walker | Executive |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Chicago, IL, 60606