2 February 2022

Coller Capital closing the world’s largest private credit secondary fund

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.

This announcement is made for informational purposes only and does not constitute an offer, or a solicitation of an offer, in respect of interests in CCO I or its co-investment vehicles.

Back

Coller Capital Global Private Equity Barometer Summer 2022

Private equity returns are at near record levels, investors say.

Read article

Coller Capital co-leads the largest GP-led transaction in Asia with Hahn & Company

Coller Capital and Hahn & Company (“Hahn & Co.”) have closed the largest GP-led transaction in Asia.

Read article

Adam Black recognised as 'Influential in Sustainable Finance'

Coller Capital Partner and Head of ESG and Sustainability, Adam Black, has been named in Financial News' inaugural list recognising the most influential people in...

Read article