Auldbrass collects $15m for secondaries

New York-based Auldbrass currently manages four portfolios of LP interests worth $10m or less.

Auldbrass Partners has collected $15 million for its Auldbrass Secondary Opportunities Fund, according to documents filed with the US Securities and Exchange Commission on Monday.

Auldbrass Secondary Opportunities Fund launched in 2011. Other SEC documents indicate the fund collected $8 million every year for the last three years.

A spokesperson from the firm did not return a request for comment by press time.

Howard Sanders
Howard Sanders

Auldbrass is an advisory and investment firm focused on buyouts, mezzanine, energy, growth equity and real estate investments, according to its website. It currently manages four portfolios of secondary LP  interests in US and European funds. Most of its acquired LP interests are worth $10 million or less, according to PEI’s Research and Analytics division.

The firm also advises on more than $1 billion in private equity assets across North America, Europe and Asia, its website disclosed.

Auldbrass is based in New York and Chicago and was founded by managing director Howard Sanders, who previously led private equity investments at Citi Holdings. The firm is also led by managing directors Ahmad Ali and Christopher Salley, who worked at Cornell University’s Office of University Investments and private equity real estate firm Greenfield Partner respectively.