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Opalesque Industry Update - Coller Capital, the world's largest independent investor dedicated exclusively to private market secondaries, today announced the upcoming launch of the Coller Secondaries Private Equity Opportunities Fund, a tender offer fund specifically designed for accredited high-net-worth investors. This private equity secondaries-only offering unlocks a new avenue for individuals to invest in private markets, providing easy access to the asset class through a diversified, institutional-quality portfolio. C-SPEF seeks to deliver a powerful combination of attractive absolute and risk-adjusted returns, diversification, and the opportunity for more liquidity than traditional private equity funds. Available to both U.S. taxable and tax-exempt investors, the fund offers monthly subscriptions and quarterly redemptions, a lower minimum than traditional private market investments, and 1099 tax reporting. C-SPEF does not charge a performance fee and as a benefit to first movers, has waived its management fee for the first year. "Coller has a proud history of innovation. We are excited to bring the benefit of over 30 years of experience investing solely in private equity secondaries to a product developed specifically for the high-net-worth market. This dynamic solution will change the way individual investors are able to access the unique benefits of secondaries investments," said Jeremy Coller, Chief Investment Officer and Managing Partner at Coller Capital. An attractive way for accredited individual investors to build exposure to private markets, secondaries portfolios typically provide access to high-quality general partners "GPs" and assets that are diversified across company, sector, geography and investment-type. Jake Elmhirst, Partner and Head of Coller Capital Private Wealth Secondaries Solutions added "C-SPEF is designed to offer individual investors an easy way to invest in a diversified portfolio of private equity secondaries that has been carefully selected by a manager with a 30-year investment record. Secondaries investing has proven to be an attractive way to access private equity, delivering compelling absolute and risk-adjusted returns across cycles." C-SPEF will be open for investment beginning in April 2024. The Fund is a closed-end tender offer fund registered under the Investment Company Act of 1940 and the Securities Act of 1933. |
Industry Updates
Coller Capital launches new secondaries product
Thursday, February 22, 2024
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