Associate, Venture Growth

Adams Street Partners; Menlo Park (CA); On-site; USD 140,000 - 150,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

401(k) immediate vesting and employer

Profit sharing

Flexible spending accounts (FSA)

Paid parental leave

Generous paid time off

Commuter benefits

Disability and life insurance

Job summary

Adams Street Partners is seeking a Technology Investment Associate for its Venture Growth team in Menlo Park, CA. The role involves supporting the full investment lifecycle—from thesis development and sourcing through diligence, execution, and portfolio tracking—with a lean deal-team approach.

The candidate will conduct due diligence, perform market research, and build relationships with leading private tech companies. A 2–4 year background in tech investing or related fields is preferred.

Qualifications

• 2–4 years of experience in technology investment banking, consulting, principal investing, or analytical roles in high-growth tech environments.
• Strong ownership mindset with ability to manage multiple workstreams and meet deadlines.
• Advanced analytical and quantitative abilities with Excel modeling expertise.
• Excellent relationship-building and communication skills with founders, investors, and internal stakeholders.

Responsibilities

• Lead all aspects of investment due diligence: business, market, management, competition, financials, and cap table analysis.
• Conduct market research to identify opportunities in the technology sector.
• Develop relationships with leading private companies via conferences and direct outreach.
• Prepare investment memoranda and present analysis and recommendations to the Investment Committee.
• Support internal processes and strategic initiatives across the deal lifecycle.

Skills

Tech investing

Due diligence

Market research

Financial modeling

Communication

Tools

Excel

Job description

Adams Street Partners ("Adams Street") is a global private markets investment manager that has nearly $76 billion* in assets under management. The firm is 100% employee-owned, which fosters a positive and unique culture of collaboration, intellectual rigor, integrity, and a commitment to professional development. For the eighth year in a row, Adams Street was named one of Pension & Investments’ Best Places to Work in Money Management in 2025.

Employees operate as a single global team, integrating the expertise of the firm’s investment professionals across five strategies: primary investments, secondary investments, growth equity, private credit, and co-investments. Adams Street is considered a private markets pioneer and was inducted into the Private Equity Hall of Fame in 2000.

The firm was founded more than 50 years ago, and clients include leading public and corporate pension plans, foundations, endowments, insurance companies, registered investment advisors, and high net worth individuals worldwide.

Adams Street has offices in Abu Dhabi, Austin, Beijing, Boston, Chicago, Hong Kong, London, Munich, Menlo Park, New York, Seoul, Singapore, Sydney, Tokyo and Toronto.

• As of June 30, 2026. Adams Street Partners’ methodology to calculate Assets Under Management (AUM) is based on fund net asset value (NAV), plus unfunded commitments, plus leverage, but excluding the effect of subscription lines of credit. The prior AUM methodology was based on investor commitments minus commitments to fully liquidated underlying partnerships. Such change in methodology was effective July 2026; however, for periods shown prior to December 31, 2025, Adams Street continues to use the previous methodology. This updated methodology more closely aligns with (i) the amount of assets managed on behalf of investors and (ii) the amount of capital available to make direct and/or partnership investments. Amounts stated by investment advisers in regulatory filings (“regulatory AUM”) have a prescribed methodology, which may, in some circumstances, differ from the methodology such adviser uses for other purposes, including marketing efforts. Additional information is available upon request.

Venture Growth Team Overview

Adams Street’s Venture Growth team backs ambitious founders building the technology and healthcare companies shaping the future. We invest in startups that have achieved meaningful scale while maintaining rapid growth in enormous markets.

Over five decades, the advantages of our firm’s integrated private markets platform – across direct and fund investing – have continued to compound. Leveraging deep market intelligence and longstanding relationships with the world’s leading venture firms, our Venture Growth team has been able to invest behind breakout companies across successive innovation cycles, including today’s AI inflection point.

We’re proudly invested in companies such as: Baseten, ClickHouse, Glean, Zip, Fractile, Kalshi, Parloa, Altruist, Quince, Nourish, Equip Health, BillionToOne (Nasdaq: BLLN), Turquoise Health, among many others.

Our team consists of 12 individuals working out of our Menlo Park office.

Venture Growth – Investment Associate, Technology

The Venture Growth team is actively recruiting for a technology Investment Associate position in our Menlo Park, CA office. The Associate will serve as a core member of our lean deal teams (often just Partner + Associate) and contribute across the full investment lifecycle – from thesis development and sourcing through diligence, execution, and portfolio monitoring.

The individual will primarily be involved with and responsible for:

• All aspects of investment due diligence: business, market, management, competitive, financial/returns modeling, cap table analysis and legal diligence
• Conducting extensive market research to bring sector insights to the team and identify potential new investment opportunities in the technology ecosystem
• Developing relationships with leading private companies by attending conferences and proactively meeting with entrepreneurs and other investors
• Preparing investment memoranda and presenting analysis and recommendations to the Investment Committee
• Working on selected internal processes and strategic initiatives

Requirements

• 2-4 years of experience in technology investment banking, consulting, principal investing (mid/late-stage VC, growth equity or PE), or analytical experience at a high-growth technology company
• Demonstrated enthusiasm for technology and emerging business models; active tracking of important companies, products, and market developments to form independent views about where technology is headed
• High-ownership, detail-oriented self-starter who can manage multiple workstreams and competing deadlines
• Advanced analytical / quantitative ability and excel modeling skills
• Outstanding relationship-building and communication skills to engage effectively with founders, investors, and other internal and external stakeholders
• Ability to structure and present complex ideas and information in a simple persuasive form, both written and orally

We offer a competitive U.S. benefits package designed to support health, financial security, and work-life balance.

• medical coverage
• dental coverage
• vision coverage
• 401(k) immediate vesting and employer match
• profit sharing
• flexible spending accounts (FSA)
• paid parental leave, including adoption
• generous paid time off
• commuter benefits
• employer-paid short- and long-term disability and life insurance
• access to additional voluntary benefits

Employees also receive generous paid time off, commuter benefits, employer-paid short- and long-term disability and life insurance, and access to additional voluntary benefits.

The below pay transparency range does not include discretionary bonus.

California Pay Transparency Range

$140,000-$150,000 USD