Coller Capital racks up $1.4bn for debut credit secondary fund

Coller Capital has closed its inaugural credit secondary fund at $1.4 billion, beating its initial target of $750 million. The fund’s backers include pension plans, insurance companies, endowments, foundations, and family offices.

PRESS RELEASE

Coller Capital has completed fundraising for its first credit secondary fund, Coller Credit Opportunities I

(CCO I). CCO I and its co-investment vehicles will have investor commitments of c.$1.4 billion.

Based on Preqin data, CCO I will be the world’s largest pool of LP capital dedicated to private credit secondaries.

“CCO I is our first dedicated fund for private credit secondaries, but it is not our first foray into private credit investing,” said Michael Schad, Head of Coller Credit Secondaries. “We have a long track record of credit secondary investing in our flagship funds – indeed, the three Partners who lead our credit secondary team have invested together for a dozen years.”

CCO I launched in May 2021 with an initial target of $750m and is expected to complete its final closing formalities shortly. The fund will have commitments from over 30 institutional investors, including pension plans, insurance companies, endowments, foundations, and family offices.

“We were delighted but not surprised by the strong investor interest in CCO I,” said Ed Goldstein, CIO of Coller Credit Secondaries. “The private credit market is now well over a trillion dollars in size, and we have a full pipeline of interesting investment opportunities.”
CCO I’s early investments include exposure to Coller’s Ping An transaction – the world’s largest private credit secondaries investment. Coller led the investment, into a $680 million private credit portfolio managed by Ping An Overseas Holdings, in July 2021.

About Coller Capital
Coller Capital, founded in 1990, is one of the world’s leading investors in the secondary market for private assets – and widely acknowledged as an innovator at the complex end of secondaries.

The firm provides liquidity solutions to private markets investors worldwide, acquiring interests in private equity, private credit, and other private markets assets. With headquarters in London, and offices in New York and Hong Kong, Coller’s multinational investment team has a truly global reach.