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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......................

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