Adams Street GSF 8 Feeder Reports $257.8M Sold, Up 111% Since December

ASP (Feeder) Global Secondary Fund 8 LP reported $257,843,700 in total amount sold and 28 investors in a Form D/A filed July 16, 2026. The feeder had previously reported $122,251,000 sold across 16 investors in its December 31, 2025 amendment.

The change represents an increase of approximately $135.6 million, or 110.9%, in cumulative amount sold and an increase of 12 investors, or 75.0%, over roughly six and a half months. These are cumulative Form D snapshots as of two filing dates, not a measure of capital received evenly throughout the intervening period.

What the amendment shows

1. The feeder's reported amount sold more than doubled. Total amount sold increased from $122.3 million at December 31, 2025 to $257.8 million at July 16, 2026. Form D reports securities sold under the offering; it does not show how much capital has been called, deployed into investments, or returned.

2. The reported investor count increased from 16 to 28. The filing does not identify those investors, their types, their locations, their individual commitment sizes, or when their subscriptions occurred.

3. The numbers apply only to the feeder. The filing expressly identifies ASP (Feeder) Global Secondary Fund 8 LP as a feeder fund of Adams Street Global Secondary Fund 8 LP. The $257.8 million therefore does not represent consolidated commitments across the master fund and its other parallel or access vehicles.

A partial view of a larger fundraise

SecondaryLink reported in February 2025 that Adams Street Global Secondary Fund 8 was targeting $2 billion in commitments. Comparing the feeder's $257.8 million reported sold with that target produces an arithmetic ratio of approximately 12.9%, but the two numbers should not be treated as a measure of total fundraising progress.

The $2 billion figure concerns the broader Global Secondary Fund 8 program, while the Form D/A covers one feeder vehicle. Capital may also be raised through the master fund, high-net-worth onshore and offshore vehicles, non-US structures, and other parallel entities. Public filings cannot currently be consolidated into a complete program-level total without reviewing and reconciling each vehicle.

The amendment is nevertheless a useful public checkpoint. Private-fund fundraising is generally disclosed intermittently, and Form D amendments can provide observable snapshots of cumulative securities sold and investor counts even when they do not describe the timing, source, deployment, or economics of those commitments.

Context on Adams Street's secondaries platform

Adams Street Partners is a private-markets investment manager with strategies including primary fund investments, secondaries, co-investments, growth equity, and private credit. Its Global Secondary Fund series invests in secondary private-market transactions.

Adams Street announced in 2023 that its prior Secondaries Investment Program, which included Global Secondary Fund 7, had secured more than $3.2 billion in capital commitments. The firm said that program was approximately 50% larger than its preceding secondaries fund cycle.

That prior raise provides sponsor-level context but does not establish the size, pace, performance, or ultimate close of Global Secondary Fund 8.

What the filing does not establish

The Form D/A does not report when individual subscriptions were accepted during the period between amendments. It provides cumulative totals as of the filing dates.

It does not show how much of the reported amount has been called from investors, invested in secondary transactions, reserved for future investments, or distributed.

It does not identify the feeder's investors or establish whether they are institutions, family offices, wealth platforms, intermediaries, or other investor types.

It does not provide a consolidated total for Adams Street Global Secondary Fund 8 or its related vehicles. No fundraising total for the broader program should be inferred from this feeder filing alone.

The filing contains no performance data, return projections, portfolio composition, fee details, valuation information, or indication that the fund has reached a first, interim, or final close.

Frequently asked

How much has ASP (Feeder) Global Secondary Fund 8 LP reported selling? The July 16, 2026 Form D/A reports $257,843,700 in total amount sold. The prior amendment filed December 31, 2025 reported $122,251,000.

How many investors are reported in the feeder? The latest amendment reports 28 investors, up from 16 in the December 2025 filing.

Does the $257.8 million represent the entire Global Secondary Fund 8 raise? No. The filing explicitly identifies the issuer as a feeder to Adams Street Global Secondary Fund 8 LP. The master fund and other parallel or access vehicles are separate from this filing.

Does total amount sold mean the money has already been invested? Not necessarily. Form D reports the amount of securities sold under the offering. It does not disclose capital-call timing or investment deployment.

Disclosures

This article summarizes SEC Form D amendments and related public information. Form D filings are notices of exempt offerings and are not reviewed by the SEC for accuracy or completeness. Comparisons reflect amounts reported by the issuer at two filing dates and do not represent audited fund financial statements.

The $2 billion fund target is derived from third-party reporting and may not reflect the fund's current target, commitments, or fundraising status. Nothing in this article constitutes investment advice or a recommendation regarding Adams Street Partners or any fund.