CIP II (together with its co-investment entity) had its final close in 1998. The first specialist secondaries fund with a global mandate, it had total investor commitments of $240 million. The fund is now completely liquidated.
CIP II’s landmark investment was the purchase of Shell US Pension Trust’s portfolio of venture capital and buyout fund positions. Coller Capital led the $265 million deal, which was the largest secondaries purchase of its time.
CIP II was named by Private Equity International as one of the world's 20 most influential private equity funds.