Key Takeaways
- • Adams Street Partners, a private markets manager with $50 billion in assets under management, launched its Private Credit platform in Europe by appointing James Charalambides as Partner & Head of the European Private Credit team.
- • Adams Street's Private Credit assets have grown to over $7.6 billion since the inaugural platform launched in 2016, focused primarily on private equity-backed middle-market borrowers.
- • The firm recently closed its second Private Credit program (PC II) oversubscribed at more than $3 billion of committed capital including leverage, with demand from pension plans, insurance companies, and family offices.
- • Charalambides reports to Bill Sacher, Partner & Head of Private Credit, and will oversee sourcing, structuring, reviewing, and negotiating European deals.
Summary
Adams Street Partners, LLC has launched its Private Credit platform in Europe with the appointment of James Charalambides as Partner & Head of the European Private Credit team, according to a Business Wire release datelined London. The firm, a private markets investment manager with $50 billion in assets under management, said Charalambides will lead private credit efforts in Europe and oversee the full decision-making process, including sourcing, structuring, reviewing, and negotiating deal opportunities. He will report to Bill Sacher, Partner & Head of Private Credit at Adams Street.
Adams Street's private credit business has grown to over $7.6 billion in assets since the firm launched its inaugural private credit platform in 2016. The firm offers a full suite of debt solutions, primarily to private equity-backed middle-market borrowers. Sacher attributed the strength of the offering to the firm's long-standing sponsor relationships, which he said provide access to high-quality deal flow and due diligence insights, and said Europe is fertile ground for sponsor-backed private credit deals.
The announcement follows the successful close of the firm's second Private Credit program, PC II, which was oversubscribed with more than $3 billion of committed capital, including leverage. Existing investors were strong participants, and the program drew high demand from pension plans, insurance companies, and family offices.
Charalambides said robust demand for private credit reflects growing investor appetite for strategies that target high yields while prioritizing stable returns. Before joining Adams Street, he was a Managing Director in the Specialty Lending Team at Sixth Street Partners, where he handled origination, execution, portfolio monitoring, and deal team management. He also worked at Candlewick Asset Management, a joint venture between Sixth Street and Goldman Sachs, within Houlihan Lokey's Corporate Finance Group, and previously held a Business Development and Strategy role at Walgreens Boots Alliance.
Adams Street's private credit business has grown to over $7.6 billion in assets since the firm launched its inaugural private credit platform in 2016. The firm offers a full suite of debt solutions, primarily to private equity-backed middle-market borrowers. Sacher attributed the strength of the offering to the firm's long-standing sponsor relationships, which he said provide access to high-quality deal flow and due diligence insights, and said Europe is fertile ground for sponsor-backed private credit deals.
The announcement follows the successful close of the firm's second Private Credit program, PC II, which was oversubscribed with more than $3 billion of committed capital, including leverage. Existing investors were strong participants, and the program drew high demand from pension plans, insurance companies, and family offices.
Charalambides said robust demand for private credit reflects growing investor appetite for strategies that target high yields while prioritizing stable returns. Before joining Adams Street, he was a Managing Director in the Specialty Lending Team at Sixth Street Partners, where he handled origination, execution, portfolio monitoring, and deal team management. He also worked at Candlewick Asset Management, a joint venture between Sixth Street and Goldman Sachs, within Houlihan Lokey's Corporate Finance Group, and previously held a Business Development and Strategy role at Walgreens Boots Alliance.
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