’40 Act Fund provides investors access to private equity secondaries.
Fund underscores Coller’s commitment to expanding access to private markets.
New York, February 2024 –
Coller Capital, the world’s largest independent investor dedicated exclusively to private market secondaries, today announced the upcoming launch of the Coller Secondaries Private Equity Opportunities Fund (“C-SPEF”), a tender offer fund specifically designed for accredited high-net-worth investors. This private equity secondaries-only offering unlocks a new avenue for individuals to invest in private markets, providing easy access to the asset class through a diversified, institutional-quality portfolio.
C-SPEF seeks to deliver a powerful combination of attractive absolute and risk-adjusted returns, diversification, and the opportunity for more liquidity than traditional private equity funds. Available to both U.S. taxable and tax-exempt investors, the fund offers monthly subscriptions and quarterly redemptions, a lower minimum than traditional private market investments, and 1099 tax reporting. C-SPEF does not charge a performance fee and as a benefit to first movers, has waived its management fee for the first year.
“Coller has a proud history of innovation. We are excited to bring the benefit of over 30 years of experience investing solely in private equity secondaries to a product developed specifically for the high-net-worth market. This dynamic solution will change the way individual investors are able to access the unique benefits of secondaries investments.” said Jeremy Coller, Chief Investment Officer and Managing Partner at Coller Capital.
An attractive way for accredited individual investors to build exposure to private markets, secondaries portfolios typically provide access to high-quality general partners “GPs” and assets that are diversified across company, sector, geography and investment-type.
Jake Elmhirst, Partner and Head of Coller Capital Private Wealth Secondaries Solutions added “C-SPEF is designed to offer individual investors an easy way to invest in a diversified portfolio of private equity secondaries that has been carefully selected by a manager with a 30-year investment record. Secondaries investing has proven to be an attractive way to access private equity, delivering compelling absolute and risk-adjusted returns across cycles.”
C-SPEF will be open for investment beginning in April 2024. The Fund is a closed-end tender offer fund registered under the Investment Company Act of 1940 and the Securities Act of 1933.
About Coller Capital
Coller Capital, founded in 1990, is one of the world’s leading investors in the secondary market for private assets – and widely acknowledged as an innovator in secondaries. The firm provides liquidity solutions to private markets investors worldwide, acquiring interests in private equity, private credit, and other private markets assets. With headquarters in London, and offices in New York, Hong Kong, Beijing, Seoul and Luxembourg, Coller’s multinational investment team has a truly global reach. In January 2021, the firm closed Coller International Partners VIII, with committed capital (including co-investment vehicles) of just over $9 billion and backing from over 200 of the world’s leading institutional investors. In February 2022, the firm closed Coller Credit Opportunities I, with committed capital (including co-investment vehicles) of c.$1.45 billion and backing from over 40 institutional investors. In March 2023, Coller Capital announced the creation of its global Private Wealth Secondaries Solutions (“PWSS”) business to provide further access to private capital markets for high-net-worth individuals.
Find out more about C-SPEF here.
An investment in a U.S. Registered Investment Company (“RIC”) entails risks, in particular the risk of an investor losing their invested capital. Prospective investors should conduct independent due diligence in assessing any investment opportunity.
Investors should carefully consider the investment objectives, risks, charges and expenses of Coller Secondaries Private Equity Opportunities Fund. This and other important information about the Fund are contained in the prospectus. Please read the prospectus carefully before investing.
Potential investors should be aware that an investment in the fund is speculative, involves a high degree of risk, and is suitable only for those investors who have the financial sophistication and expertise to evaluate the merits and risks of an investment in the fund and for which it does not represent a complete investment program. Only investors who can afford a loss of their entire investment should consider an investment. The Fund will make a limited number of investments. Consequently, the aggregate return of the Fund may be substantially adversely affected by the unfavorable performance of even a single investment. Any investment in C-SPEF entails risks, including but not limited to the risk of losing all or part of the amount invested. Past performance is not indicative of future results, and there can be no assurance that C-SPEF will be able to implement its investment strategy or achieve its investment objectives.
Interests in the Fund will be highly illiquid and subject to restrictions on transfer. Any tender offer or redemption by the Fund would have to be approved by its board of directors; it should, therefore, not be assumed that any such offer or redemption would happen at a particular time or at all. An investment in the Fund, unlike a traditional listed closed-end fund, should be considered illiquid. An investment in the Fund is appropriate only for investors comfortable with investing in less liquid or illiquid portfolio investments within an illiquid fund.
The fund is distributed by Paralel Distributors LLC. Paralel is unaffiliated with Coller Capital.
