Adams Street adds partner to private credit team

Adams Street Partners has named Leland Richards as a partner on the private credit team.

Adams Street Partners has named Leland Richards as a partner on the private credit team. His appointment became effective April 30, 2021. Most recently, Richards was a managing director at Churchill Asset Management.

PRESS RELEASE

May 12, 2021 – Chicago, IL – Adams Street Partners, LLC, a private markets investment management firm with $45 billion of assets under management, announced today that Leland Richards joined the firm as a Partner on the Private Credit Team on April 30, 2021. Mr. Richards will support all aspects of the decision-making process of the Private Credit Team, including sourcing, structuring, performing due diligence, and negotiating investment opportunities as well as helping shape the strategic direction of the business.

“We are thrilled to welcome Leland Richards to Adams Street Partners,” said Bill Sacher, Partner and Head of Private Credit at Adams Street. “Given the rapid growth of our private credit business and the increasing investor interest in the asset class, Leland’s deep experience will add meaningfully to the depth of the Private Credit Team. We are excited to work with him to find unique solutions to further expand our business.”

“I’m excited to be joining the incredible private credit professionals at Adams Street,” said Mr. Richards. “The firm’s private credit business has experienced rapid expansion over the past few years and being able to orchestrate deals to continue that growth is a fantastic opportunity. The need for private credit is readily apparent in today’s market environment, and I’m looking forward to helping Adams Street grow the business.”

Mr. Richards most recently served as Managing Director at Churchill Asset Management, where he worked in their sponsor coverage group originating and underwriting loans for middle market buyouts. Prior to that, Mr. Richards spent four years at GE Capital where he was a Managing Director, again originating sponsor-backed private credit transactions. Earlier in his career, Mr. Richards worked on the Leveraged Finance Team at J.P. Morgan. Mr. Richards has a Bachelor of Science degree in civil engineering from the Pratt Institute and an MBA in finance from the Boston College Carroll Graduate School of Management.

About Adams Street Partners
Adams Street Partners is a global private markets investment manager with investments in more than thirty countries across five continents. The firm is 100% employee-owned and has approximately $45 billion in assets under management. Adams Street strives to generate actionable investment insights across market cycles by drawing on nearly 50 years of private markets experience, proprietary intelligence, and trusted relationships. Adams Street has offices in Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, and Tokyo. Visit www.adamsstreetpartners.com.