Auldbrass Partners

Auldbrass Partners is a private equity secondaries firm that spun out from Citigroup in 2011. Headquartered in New York City, the firm is 100% employee-owned and is recognized as a Minority-owned Business Enterprise (MBE). The firm has advised or managed over $1.2 billion in global investments, leveraging a team that has completed over $5 billion in total fund transactions.

The firm focuses on acquiring secondary interests through both limited partner (LP) transactions and general partner (GP)-led opportunities. They maintain a network of approximately 200 funds and 300 GP/LP relationships to source deals. Auldbrass typically seeks concentrated positions in resilient companies with strong sustainable growth that are expected to achieve liquidity within a three-to-five-year timeframe.

Auldbrass Partners operates with a data-driven approach targeting gross returns of 2.0x MOIC and over 20% IRR. Notable fund activity includes the closure of Secondary Opportunity Fund I in 2014 and the final close of Secondary Opportunity Fund II in 2019, which reached $185.6 million including co-investments. Their investment reach is primarily centered on U.S. and European-based funds across various private equity stages.