Adams Street Promotes Akers To Lead Secondary Investments Team

Oct 12 2016 | 8:16pm ET

Global private equity manager Adams Street Partners has named Jeff Akers as the firm’s new head of secondary investments. 

In his new role, Akers will be responsible for overseeing all aspects of the secondary business, including strategy, investments, fundraising and portfolio construction. He has also been named a member of the Adams Street Partners executive committee and is the chairman of the company’s secondary investments committee. 

Akers succeeds Jason Gull, who will be retiring at the end of this year, Adams Street said in a statement. 

“I would like to congratulate Jeff Akers on his well-deserved promotion,” said Jeff Diehl, managing partner at Adams Street Partners.  “Our secondary team has a long track record of success, and they are well-positioned to capitalize on the attractive returns available in the growing secondary marketplace.”

Akers joined Adams Street in 2006 after stints at LEK Consulting, William Blair and SunTrust Equitable Securities. He will now manage a secondary investments consisting of 13 investment professionals that has completed more than 190 secondary deals since the beginning of the investment strategy in 1986.

Adams Street Partners commenced its first investment program in 1972, and is credited with establishing the first private equity fund of funds for institutional investors. The firm currently has approximately $28 billion of assets under management across the primary, secondary, venture/growth, private credit and co-investment markets. 

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