Philadelphia Alliance for Capital and Technologies (PACT) Honors David Adelman with the 2023 Legend Enterprise Award at the PACT Enterprise Awards

Shares the logo of the 2023 Enterprise Awards

PHILADELPHIA, PA – May 1, 2023 – The Philadelphia Alliance for Capital and Technologies (PACT) announces David Adelman, Philadelphia-based entrepreneur and active private investor, as the recipient of the prestigious 2023 PACT Legend Enterprise Award for lifetime achievement. The annual PACT Enterprise Awards celebrates the achievements of the region’s most accomplished companies, leaders, and entrepreneurs.

“David’s unwavering dedication to fostering entrepreneurship, innovation, and economic growth has transformed Philadelphia and left an indelible mark on our city,” said Dean Miller, President, and CEO of PACT. “His visionary leadership of Campus Apartments, Darco Capital, and FS Investments – as well as his boundless compassion and commitment to service and philanthropy – make him a true legend in our community. It is with great admiration and respect that we honor David with the 2023 Legend Award, recognizing the profound impact he has had on our community and the lives of those around him.”

Adelman has made an indelible impact on the Greater Philadelphia region through his incomparable leadership, vision, and dedication to entrepreneurship which can be seen in all his ventures. As CEO of Philadelphia-based Campus Apartments, Adelman redefined the college living experience in University City and nationwide; today, he is widely recognized as a national leader in student housing development and management, with more than two billion dollars of assets under management across 18 states.

As the founder of Darco Capital, his family office investment vehicle, David has made over 60 venture capital and growth capital investments ranging across the beverage and spirits industry, climate technology, food, fintech, healthcare, hospitality, sports & media, and consumer-facing brands.

Adelman is also co-founder and vice chairman of FS Investments, a leading alternative asset manager with $34 billion of assets under management, and chairman of 76 Devcorp, responsible for conceptualizing and building a $1.3B privately funded urban arena in the heart of Philadelphia. He recently became a partner in Harris Blitzer Sports & Entertainment – which owns the 76ers, the NJ Devils, and the Prudential Center.

“As someone who has grown up in the area, I take great pride in my City. Philadelphia is at the heart of a lot of what I do and making a positive impact on its communities, both physically and economically, is a priority for me,” said David Adelman. “It’s an honor to receive the 2023 Legend Award and I look forward to many more years of impact ahead.”

Adelman, a dedicated philanthropist, has also served as both a judge and speaker for PACT’s Capital Conference.

The 2023 PACT Enterprise Awards will take place on May 23, 2023 at the Springfield Country Club. The event will gather the region’s top technology and life science professionals to celebrate the achievements of their peers and recognize the year’s most outstanding performers. For tickets, please visit

About Philadelphia Alliance for Capital and Technologies (PACT)

PACT is a premier resource for emerging growth companies in the technology and life sciences industries, providing its members with valuable content, connections, and capital opportunities. PACT connects investors, professional advisors, and key decision-makers within the technology, healthcare, and investment communities to create a thriving entrepreneurial ecosystem in the Greater Philadelphia region. For more information, visit

Media Contact:

Sarah Carter
Director of Marketing
Philadelphia Alliance for Capital and Technologies (PACT)