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Laxman Pai, Opalesque Asia: Coller Capital, the world's largest dedicated private market secondaries manager, has wrapped up fundraising for Coller Credit Opportunities II (CCO II) - one of the largest pools of capital dedicated to acquiring secondhand private-credit assets.
The London-based investment manager, one of the oldest dedicated secondary investment firms, collected $6.8 billion to acquire private-credit assets from fund investors.
The $40 billion private market secondaries specialist's credit platform includes commingled funds, co-investment vehicles, separately managed accounts, and credit-focused perpetual funds. In 2022, the PE secondaries investor closed its first vehicle dedicated to credit, CCO I, at $1.4 billion. To date, the firm has committed $10.1 billion to credit secondaries, according to a media release.
CCO II targets senior direct lending and high-quality performing credit investments across LP-led and GP-led opportunities. "The fund seeks to deliver strong risk-adjusted returns and stable, resilient performance through market cycles by providing investors diversified exposure to premium credit assets," said the investor in the secondary market for private assets.
The private credit secondaries market has grown substantially, driven by increasing investor demand for liquidity solutions, diversification, and sophisticated portfolio management tools. Coller Capital has seen $53bn of secondary credit investment opportunities since Janu...................... To view our full article Click here
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