Coller Capital today announced the first close of Coller Capital Secondaries RMB I Fund (“CCSRMB I”), a fund with a target size of RMB 1.5 billion.
CCSRMB I is the first RMB secondaries fund in China raised by a global private capital secondaries manager with support from local institutional investors. The Fund is the first of its kind that has been filed with the Asset Management Association of China (AMAC).
The fund will focus on providing liquidity solutions for investors and general partners in the RMB denominated private capital market in China, leveraging the largest dedicated secondaries team, with local offices in Hong Kong, Beijing and Seoul. The team’s regional presence, deep experience in private markets and strong execution capabilities are key capabilities of Coller’s platform.
“The launch of CCSRMB I is a further demonstration of Coller’s continued leadership and innovation in the global private markets industry, as we are the first global private capital secondaries firm to launch an RMB secondaries fund in China. It’s another first in secondaries for the Firm,” said Jeremy Coller, CIO and Managing Partner. “We look forward to developing deep relationships with investors and general partners in China for many years to come.”
“The launch of our first RMB fund enables Coller Capital to make high quality investments in the RMB denominated market in China,” said Peter Kim, Partner and Head of Asia. “The RMB secondaries market offers an exciting opportunity for the private capital industry in Asia.”
“With our large local team we look forward to partnering with our new institutional investors in China and providing solutions to both RMB denominated limited partners and general partners,” said Zhan Yang, General Manager of Coller Capital’s Beijing office.