CHICAGO--(BUSINESS WIRE)--May 27, 2026--
Adams Street Partners, LLC, a leading private markets investment management firm with nearly $70 billion in assets under management* (“Adams Street”), today announced that Jeff Colin has joined the firm’s Board of Directors. Mr. Colin succeeds Jeffrey Diermeier, who is retiring from the Board after 15 years of dedicated service and leadership.
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Mr. Colin brings more than three decades of experience advising ultra-high-net-worth individuals and families, with deep expertise in wealth planning, investment strategy, and asset allocation. He is the founder of Baker Street Advisors, a wealth management firm established in 2004, where he currently serves as Partner Emeritus and a member of the firm’s Management Committee.
“Jeff brings a thoughtful investor perspective and extensive experience advising sophisticated clients across market cycles,” said Jeffrey Diehl, Managing Partner & Head of Investments at Adams Street. “His insights into wealth management and long-term portfolio construction will be invaluable as Adams Street continues expanding its global private markets platform. We are excited to welcome him to the Board.”
Mr. Colin began his career advising some of the nation’s wealthiest families in 1991. Prior to founding Baker Street Advisors, he held senior leadership positions at Deutsche Bank Alex. Brown and Robertson Stephens and previously worked in private wealth management at Goldman Sachs. He earned both a B.S. and an MBA from Northwestern University’s Kellogg School of Management.
“I’m honored to join the Adams Street Board of Directors,” said Mr. Colin. “Adams Street has built a highly respected global private markets platform and long-standing culture of partnership. I look forward to working alongside the Board and leadership team to support the firm’s continued growth and long-term success.”
The firm also announced the retirement of Jeffrey Diermeier from the Board of Directors. "It has been a privilege to work alongside Jeff Diermeier for more than four decades — through our shared history at First Chicago Investment Advisors, Brinson Partners, UBS Asset Management, and Adams Street Partners," said Bon French, Chairman of the Board, Adams Street. "Jeff has been an exceptional mentor and a deeply valued Board member, and his impact on our firm will endure. While his retirement is bittersweet, we have every confidence that Jeff Colin will build on that remarkable legacy and help guide Adams Street as we continue our disciplined, purposeful growth into the future."
About Adams Street Partners
Adams Street is a global investment firm managing a comprehensive suite of private markets investment solutions. The firm provides private equity and private credit strategies to institutional investors, growth capital to innovative companies, and evergreen funds that offer access to multiple strategies through a single, investor-friendly commitment. The firm also supports wealth advisors with private markets solutions structured to be more flexible and accessible than traditional closed-end funds. With over 50 years of experience, Adams Street leverages deep market insights, global relationships, and proprietary data as it seeks to help investors achieve long-term investment goals. The firm is 100% employee-owned, manages nearly $70 billion in assets, and operates out of 15 offices globally. Visit www.adamsstreetpartners.com
Jeff Colin
NEW YORK (AP) — U.S. stocks are hanging near their records Wednesday as oil prices fall and ease the pressure on households and businesses worldwide.
The S&P 500 slipped 0.2% from its all-time high set the day before. The Dow Jones Industrial Average was up 172 points, or 0.3%, as of noon Eastern time, and the Nasdaq composite was 0.3% lower.
Stocks of companies with big fuel bills helped lead the way on hopes that lower oil prices will remove a big drag on their profits. Norwegian Cruise Line Holdings climbed 4.4%, and United Airlines rallied 6.6%. Delta Air Lines rose 4.1% and is on track to set an all-time high.
The price for a barrel of Brent crude oil fell 3.4% to $96.19 after the ceasefire between the United States and Iran appeared to hold despite the U.S. military launching what it called “self-defense” strikes in southern Iran. A barrel of benchmark U.S. crude fell even more, 4.2%, to $89.96 on hopes that the United States and Iran can reach an agreement to reopen the Strait of Hormuz and allow oil tankers to exit the Persian Gulf for deliveries again.
Stocks have been able to run to records despite the painful inflation and uncertainty caused by high oil prices largely because companies have reported surprisingly strong profits for the start of 2026, and the forecast is for them to continue.
Bath & Body Works rallied 10.4%, and Abercrombie & Fitch climbed 12.1% after both reported bigger profit for the latest quarter than analysts expected. That's even as U.S. consumers continue to say they're feeling discouraged about the economy and inflation.
Lululemon Athletica rose 4% after reaching a deal with its founder, Chip Wilson, where it will add a former chief marketing officer of ESPN and a former co-CEO of On to its board of directors.
On the losing side of Wall Street was Dick's Sporting Goods, which dropped 4.1% despite delivering a profit for the latest quarter that edged past expectations. Analysts pointed to how much profit it wrung out of each $1 in revenue, which some called a bit weak.
Oil-and-gas stocks also sank, hurt by the dropping prices for crude. Exxon Mobil fell 1.2%, and Chevron slipped 0.9%. Halliburton dropped 4.8% to bring its gain for the year so far back toward 40%.
In the bond market, Treasury yields eased after falling oil prices took pressure off inflation. The yield on the 10-year Treasury slipped to 4.48% from 4.50% late Tuesday and from 4.67% roughly a week ago.
It’s a respite following recent gains for yields in bond markets worldwide, which threatened to slow economies and undercut prices for stocks and all kinds of other investments. High yields have already forced the average long-term U.S. mortgage rate to its most expensive level since last summer, and they could curtail companies’ borrowing to build the artificial-intelligence data centers that have supported the U.S. economy’s growth recently.
In stock markets abroad, indexes were mixed across Europe and Asia. South Korea's Kospi was one of the world's best performers and jumped 2.3% after SK Hynix, which is a big beneficiary of the artificial-intelligence boom, soared 9.3%.
A day before, Micron Technology surged to become the latest Big Tech company to be worth more than $1 trillion on AI excitement. Its stock has more than tripled already in 2026, and analysts at UBS said Tuesday it could soar even more because of how fundamentally AI has improved demand for computer memory.
AP Business Writer Elaine Kurtenbach contributed to this report.
Trader Edward Curran, left, and specialist Meric Greenbaum, center, work on the floor of the New York Stock Exchange, Friday, May 22, 2026. (AP Photo/Richard Drew)
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 25, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer stands near the screens showing the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
