5 January 2016

Coller's seventh fund holds final close at US$7.15bn

Coller International Partners VII holds a final close at total commitments of $7.15 billion.

Coller Capital, the leading global investor in private equity secondaries, announces the final closing of Coller International Partners VII (CIP VII) on 31 December 2015, with total Limited and General Partner commitments of $7.15 billion.

Like its six predecessor funds, CIP VII will take a flexible approach. Advised by a multinational team based in London, New York and Hong Kong, the fund will target a wide array of secondary transactions, targeting assets and sellers located anywhere in the world, and making individual investments ranging in size from $1 million to $1 billion plus.

CIP VII, which had a Limited Partner re-up rate of 82%, has approximately 170 Limited Partners from 27 different countries. Pension plans account for some 62% of the fund’s committed capital; sovereign wealth funds/government entities for 15%; and insurance companies for 11%; with the remaining commitments coming from endowments and foundations, family offices and other types of asset manager. 

Jeremy Coller, Coller Capital’s chief investment officer, commented: “We were delighted with investor demand for our seventh fund – the large majority of its capital was raised in about six months, and the fund was oversubscribed. The secondaries industry has come of age in the last few years, becoming a mainstream segment of the private equity asset class and a vital tool for investors. With over seven billion dollars of commitments, CIP VII will be able to provide comprehensive liquidity solutions to even the largest investors. We have already committed around a billion dollars of the new fund’s capital, and we have a broad range of potential investments in the pipeline.”

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