Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Coller Capital amasses $9bn for the latest secondaries fund

Monday, January 25, 2021

Laxman Pai, Opalesque Asia:

UK-based Coller Capital has raised more than $9 billion for its latest fund that will buy and sell investors' stakes in private-equity funds.

According to a press release from the global investors in the private equity secondary market, the Coller International Partners VIII fund (CIP VIII) makes individual investments of up to $1 billion or more in global secondary transactions.

"Advised by a multinational team based in London, New York, and Hong Kong, the fund will target a wide array of secondary transactions, targeting assets and sellers located anywhere in the world," said the release.

CIP VIII has over 200 Limited Partners worldwide. At the end of December 2020, the fund had already committed almost one-third of its final committed capital, said the London-based firm.

Investors include the Los Angeles County Employees Retirement Association, Pasadena, Calif.; the New Hampshire Retirement System, Concord; the Louisiana Municipal Police Employees Retirement System, Baton Rouge; the Miami Fire Fighters' and Police Officers' Retirement Trust; the Manchester (N.H.) Employees' Contributory Retirement System.

The previous fund, Coller International Partners VII, closed at $7.15 billion in 2015.

Coller, which has $20 billion in assets under management, is a specialist in the so-called secondaries market that involves buying maturing portfolios from private-equity investors who want to cash out.

The firm is led by......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1