CIP VI, which had a target size of $5 billion, will acquire private equity portfolios – positions in existing private equity funds and interests in privately-held companies – thus providing liquidity to the original investors in these assets. Like its five predecessor funds, CIP VI will take a flexible approach. Advised by a multinational team based in London, New York and Hong Kong, the fund will target assets and sellers located anywhere in the world, and make individual investments ranging in size from $1 million to $1 billion-plus.
The new Coller fund has more than 200 Limited Partners. Pension plans account for some 53% of the fund’s committed capital; sovereign wealth funds/government entities for 15%; and insurance companies for 10%; with the remaining commitments coming from endowments and foundations, family offices and other types of asset manager.
With $5.5 billion of firepower, CIP VI will be able to provide comprehensive secondaries solutions to even the largest of these investors. We have already committed $800 million of the new fund’s capital, and we have a very full pipeline of potential investments.”
Coller Capital was advised and supported in the raising of CIP VI by the funds team at O’Melveny & Myers.