The deal will expand Bow River's evergreen fund offerings with the establishment of a venture capital strategy.
Adams Street Venture & Growth Fund will target private companies in the early and growth stage through secondaries and co-investments.
The jointly developed product gives wealth investors access to ICG's private equity LP secondaries strategy spanning North America and Europe.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
The partnership will also develop products for wealth investors, beginning with an evergreen private equity secondaries fund expected in the coming weeks.
We highlight key features of the newly registered interval fund, which will combine public growth investments with private-market exposure, including secondaries and co-investments.
The newly registered tender offer fund will primarily target mid- to late-stage private tech companies through primary and secondary investments.
The interval fund targets venture companies through primary and secondary investments, and currently holds stakes in Kalshi, SpaceX, Databricks, and Runway AI.
Two CAZ funds are now available through the SoFi Invest platform, covering themes including GP stakes, professional sports, energy infrastructure, space, and defense.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
