Justin Lawrence joined Adams Street Partners as a principal on the alternative investment firm's private credit team, said spokesman Shree Dhond.
Mr. Lawrence had been a vice president in the direct lending group at alternative investment firm Ares Management. Mr. Lawrence will not be directly replaced; his duties will be assumed by other members of the team, said sources with knowledge of the situation.
Bill Mendel, Ares spokesman, declined to comment.
Adams Street has $30 billion in assets under management.