Auda International said Thursday that it has acquired GP interests and the management of three secondary funds from Thomas Weisel Global Growth Partners LLC, a subsidiary of Stifel Financial Corp. As part of the deal, Christian Munafo, who most recently led the secondary investments program at Stifel, has joined the Auda team effective immediately.
Auda International (“Auda”), a global investor in private equity, has acquired general partnership interests
and the management of three secondary funds (the “Funds”) from Thomas Weisel Global Growth Partners
LLC, a subsidiary of Stifel Financial Corp. (“Stifel”), a wealth management and investment banking firm.
As part of the transaction, Christian Munafo, who has been involved in managing the Funds since their
inception, has joined the Auda team effective immediately. Apart from continuing to manage the Funds, Mr.
Munafo will be responsible for further developing Auda’s existing secondaries program.
“We are delighted to complement our existing portfolio of managed secondary funds by assuming the
management of the Funds from Thomas Weisel Global Growth Partners. Given their strong historical results
and promising prospects, we are confident that the Funds will be a meaningful addition to Auda’s current
asset base,” says Dr. Ernest Boles, CEO of Auda. “Bringing Mr. Munafo onboard maintains continuity with
both the Funds’ investors and the underlying portfolios themselves. Mr. Munafo is a seasoned professional
and our relationship dates back to 2008, when he was responsible for a direct secondary transaction in a
company where Auda was an active co-investor. We are glad to have him on our team.”
Mr. Munafo is joining Auda from Stifel, where he most recently led the secondary investments program.
During his 10 years at Stifel (including his tenure at Thomas Weisel Partners Group, Inc., which was acquired
by Stifel in 2010), Mr. Munafo was personally responsible for sourcing and executing 35 transactions
representing approximately US$150 million in commitments. In connection with these transactions, Mr.
Munafo was responsible for an additional US$50 million in syndicated commitments. Apart from traditional
limited partnership secondary transactions, Mr. Munafo has focused primarily on complex structured
transactions, including the acquisition of secondary direct portfolios, fund recapitalizations, and purchases
of single assets on a secondary basis. Mr. Munafo began his career as an investment banker in New York
at Banc of America Securities before joining GoldenEye International, where he was mainly responsible for
capital raising for venture capital and growth equity backed companies.
About Auda International L.P.
Now in its 26th year, Auda is a private equity industry pioneer. The firm’s 67 professionals work from offices in Frankfurt, New
York, London, Hong Kong and Shanghai. Auda invests exclusively in private equity through commingled primary funds-of-funds,
secondary funds-of-funds and direct / co-investment funds, as well as through investments made on behalf of separate managed
accounts. See www.auda.com.
Auda is a unit of HQ Capital, which represents the Harald Quandt family’s three alternative asset management businesses. Through
Auda, Real Estate Capital Partners and Equita, HQ Capital operates globally with offices in Frankfurt, New York, San Francisco, Seattle,
Dallas, Washington D.C., London, Hong Kong and Shanghai. The three firms collectively manage or advise on client assets
totaling more than US$12 billion. See www