A year-and-a-half after the spin-out of its secondary investment team, now Newbury Partners, New York-based Auda is raising a mid-market secondary fund targeting a first close on 30 June.
The New York-based firm has closed its ninth private equity secondaries fund above its $1.25bn target.
All the investors in the company’s €52m debut fund have returned, three years after the team left Coller Capital to set up on its own.
Newbury Partners, launched by Auda Advisors’ former secondaries team, has already committed 25 percent of its debut fund.
The US fund of funds secondaries investor is raising fresh capital whilst completing its Macquarie fund take-private.