In the light of Tim’s news, Coller Capital will review how it manages its business, to ensure the firm remains flexible and responsive going forward.
Tim Jones, said:
“This was not an easy decision for me. I am grateful to Jeremy and the firm for respecting my reasons, and for the graciousness they have shown to me at a difficult time. My years at Coller have been among the most rewarding of my professional life. I joined the firm in 2000, when secondaries hardly existed as a discrete segment of private equity and Coller Capital itself had only 17 employees. Since then, the firm and the industry have changed out of all recognition. The firm has grown into a small, global institution of 180 people, and the secondaries industry is now turning over $40bn of transactions annually. I hope to maintain my connection with Coller long enough to see that number double.”
Jeremy Coller, said:
“Tim’s decision to step down as CEO is disappointing, both for the company and for me personally. He has been an exceptional colleague for over 15 years, contributing strongly to many aspects of our business – not least, since 2013, as our CEO. I am, though, delighted that we will retain access to his insight and experience as a Special Adviser.
“Fortunately, Coller Capital has a robust platform of 180 people, including 18 Partners – and strength in depth right across the firm, so we do not anticipate any hiatus in the day-to-day operation of our business while our management review is under way.”