Adobe Cache Project's are a specialized BeBop Project that auto-mounts and optimizes the cache settings of Adobe Creative Cloud based applications so that these cache files do not fill up local storage (C:\) and can be found all in one place.
Typically, your user account will be assigned this Project by default and it will auto-mount on the BeBop Session Dashboard located in the Projects Panel.
If you look in your Adobe Premiere preferences 'Media Cache', you will see that the cache has been automatically assigned to the new file path
When looking at Adobe After Effects preferences 'Media & Disk Cache', the disk cache will be assigned to the new file path
Please note: You may have to assign the 'Conformed Media Cache' to the same location manually within After Effects.