Overview
Description of Firm
Auldbrass Partners, LP ("Auldbrass," the "Adviser," "we," "our," and "us"), a Delaware limited
partnership, is an investment adviser registered with the SEC. The Adviser is based out of New
York, New York and has provided investment advisory services since 2011. We are primarily owned by
Howard Sanders. Auldbrass, on a day-to-day basis, is managed by Howard Sanders, Founder and
Managing Director and, Chris Salley, Managing Director.
Auldbrass provides investment advisory services solely to private pooled investment vehicles
("Fund" or the "Funds"). The Funds are offered primarily to institutional investors. These investors
purchase interests in a Fund, and investments are made at the Fund level, not for individual
investors in the Fund.
The primary focus of Auldbrass' investment advisory services is acquiring secondary interests
through both limited partner transactions and general partner-led opportunities in middle market
buyout, global buyout, and growth equity. Auldbrass seeks to optimize returns for its investors by
investing in high quality private
equity opportunities primarily through secondary transactions.
The advisory services for the Funds are further described in each Fund's offering memorandum,
limited partnership agreement, and subscription agreement (collectively, the "Fund Documents"). We
do not vary our investment advice from the terms of the Fund Documents. Additionally, the Documents
detail the various investment restrictions that govern the types of investments the Fund may and may
not make. In accordance with common industry practice, the General Partner may enter into "side
letters" or similar arrangements with certain investors pursuant to which the General Partner grants the
investor specific rights, benefits, or privileges that are not made available to investors generally. These
arrangements typically clarify any regulatory, informational, and interpretational issues with the
Documents, and do not include changes in the financial terms.
Assets Under Management
As of December 31, 2023, we provide continuous management services for $291,348,000 in client
assets on a discretionary basis.