<p style="line-height: 18.9091px;">Global private-equity manager Adams Street Partners has launched a private credit strategy around two veteran hires and established a New York office. The firm has brought former Oaktree Capital Management executives Bill Sacher and Shahab Rashid aboard to establish and build the platform. The two men will lead the Adams Street’s credit capabilities from a new Manhattan office and formalize the firm’s efforts in the private credit space, focusing on a broad array of opportunities in credit alternatives on a global basis.</p>