Auldbrass Partners
Auldbrass Partners is a Private Equity secondaries, founded by Howard Sanders, which spun-out from Citigroup in 2011.[1] Auldbrass Partners has advised/managed over $1.2 billion of global investments in growth, buyout, growth equity, mezzanine and venture capital primarily in U.S. and European-based funds. Auldbrass Partners acquires secondary interests through both LP transactions and GP-led opportunities. Auldbrass Partners is headquartered in New York. Auldbrass is a 100% employee owned, Minority-owned Business Enterprise (MBE).[2]
 | |
| Industry | Private Equity |
|---|---|
| Founded | New York, USA (2011) |
| Founder | Howard Sanders |
| Headquarters | New York City |
Areas served | North America, Europe |
| Products | Private Equity Secondaries |
| Website | www.auldbrasspartners.com |
Investments
Auldbrass Partners seeks concentrated positions in excellent companies with strong sustainable growth and resilience that can be reasonably expected to achieve liquidity in 3-5 years. Auldbrass Partners has a company focused, data driven approach which targets gross returns of 2.0x MOIC and 20%+ IRRs. Through both direct GP and intermediated relationships built over decades of successful investing, Auldbrass Partners has established a network of 200 funds and 300 general partner/limited partner relationships from which it sources its deals.[3] Auldbrass Partners team members have completed over $5 billion (500 fund transactions) of transactions.[3]
Recent Events
In April of 2019, Auldbrass Partners completed the final close for Secondary Opportunity Fund II at $185.6 million, which includes $92.9 million of co-investments. Auldbrass Partners closed its Secondary Opportunity Fund I in December 2014; the Fund has not specified a target hard cap. The fund seeks to invest in private equity and hedge fund secondaries globally[4][5]
References
- Bloomberg. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=208104753
- "Auldbrass Partners". Auldbrass Partners. Retrieved 2016-05-24.
- "Auldbrass Partners". Auldbrass Partners. Retrieved 2020-05-06.
- Bison. https://www.bison.co/public/#!/fund/auldbrass-partners-secondary-opportunity-fund
- Alt Assets. "Auldbrass reels in $15m for secondaries." https://www.altassets.net/private-equity-news/by-news-type/fund-news/auldbrass-reels-in-15m-for-secondaries.html